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LMC Automotive blog: The rapid rise of NEVs in China

Sales of New Energy Vehicle (NEV) models* surged by 110% in the first five months of this year in China’s passenger car (PV) market, against a drop of 5% in the overall market in the same period as it suffered from the strict regional COVID-19 lockdowns in March and April. The impact of the pandemic on the NEV market....

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