Logo 17 Jan 2025

NEVs, ICEs enjoy end-of-year growth spurt

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China's auto industry closed out 2024 strong, with both new energy vehicles (NEV) and gas-powered vehicles (ICE) posting significant retail sales growth in December.
According to China Passenger Car Association data released this week:

Monthly NEV sales hit a 2024 high of 1.302 million, up 38% y/y ...