China is the world’s largest automobile market both in terms of supply and demand. The China Association of Automobile Manufacturers (CAAM) projects local automobile sales to grow by 5.4 percent, or 27.5 million units in 2022. Of these, the sale of new energy vehicles (NEVs) is expected to grow by 47 percent or 5 million units.Read More »
Source: Car Guides PH
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