Holidays disproportionately depress NEV sales in January
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January was a slow start to the year for China's new energy vehicle (NEV) market.
According to the January retail data from the China Passenger Car Association:
NEV sales dipped to 744,000, up 11% y/y but down 43% m/m
Internal combustion engine (ICE) vehicle sales dropped to 1.05 million, down 23% ...