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China NEV retail sales hit 1.11 million in September, penetration reaches record 65.7%
China's passenger NEV retail sales are expected to reach about 1.11 million in September, up 10.5% from August, according to CPCA estimates. NEVs are forecast to account for a record 65.7% of passenger car retail sales, even as total NEV sales fall 14.35% year-on-year amid a weak overall auto market.
Sarah Mitchell