China Feb NEV sales see 1st decline since Mar 2024, while exports double
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
New energy vehicle (NEV) sales in china experienced their first decline since march 2024 in february, while exports doubled. However, the industry has shown resilience, with some outlets reporting significant improvements in sales in march and record high penetration rates in may. Sales trends have been mixed, with declines reported in some periods, including a 32% drop in february and a 24% drop in the first week of april, amid a weakening broader auto market.
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