China's new energy vehicle sales hit new record in June, NEV penetration hit 27.4%

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China's auto sales rebounded significantly in June amid easing disruptions of Covid-19 outbreaks to the supply chain and a series of stimulus policy measures to support the world's largest auto market.

Retail sales of passenger vehicles in China reached 1.94 million units in June, an increase of 22.6% from a year earlier and rising 43.5% from the previous month, according to data released by the China Passenger Car Association . . .

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