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China

Hubei Province to achieve NEV proportion of over 40% in total auto production by 2025

On November 13, the Hubei Provincial People’s Government issued the “Hubei Implementation Plan for the Transformation Development of the Automotive Industry (2023-2025)” (the Plan), proposing that by 2025, the proportion of New Energy Vehicles (NEVs) in the total automobile production shall exceed 40%, with an output....

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