More than half of new cars sold in China are now electric or hybrid
Publishing timestamp: 2024-08-09 05:41:15
Summary
New energy vehicles outsold traditional fuel-powered cars in China for the first time in July, accounting for 51% of new passenger car sales. The reliability of the data has been questioned in the past. In the U.S., the penetration rate of new energy vehicles in the first quarter was 18%.
Sentiment: NEUTRAL
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