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New Energy Vehicle Sales to Grow Over 40% Per Year in China

NEV makers, such as Tesla Inc, Nio Inc, Xpeng Inc and BYD, are expanding manufacturing capacity in China, encouraged by the government’s promotion of greener vehicles to cut pollution. SHANGHAI: China’s new energy vehicle (NEV) sales are expected to grow more than 40% each year in the next five years, a senior official at the […]

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