TREE NEWS update: China’s passenger car association (CPCA) reported that retail sales of new energy passenger vehicles in August totaled 1.005 million units, a year-on-year decline of 10.1%. The data, released by the China Passenger Car Association, marks the first drop in NEV sales after months of growth.
China NEV retail sales drop 10.1% YoY in Aug to 1.005M units
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