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Electric Vehicle Sales In China Transform Auto Market
14 Sep 2024 | Abstracted from VOA
"Foreign brands that used to dominate the Chinese automotive industry have taken a back seat to cars made domestically in China, particularly 'new energy vehicles,' or NEVs....a record 50.7% of Chinese cars purchased that month were NEVs
"General Motors sold more than 4 million vehicles in China in 2017, but by 2023...annual sales cut in half...Both GM's and Ford's CEOs have spoken out about difficulties of competing in the China market."
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