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CPCA Envisions Feb NEV Retail Sales 600K Units w/ Penetration Rate at ~48%
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According to data released by the China Passenger Car Association (CPCA), the narrowly defined passenger vehicle (PV) market is preliminarily estimated to retail around 1.25 million units in February, up 13.6% YoY. In addition, the retail sales of new energy vehicles (NEVs) are expected to reach 600,000 units, with a penetration rate of around 48%. AAStocks Financial News |
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