China NEV retail sales drop 24% in first week of Apr amid weak demand
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China's new energy vehicle (NEV) retail sales have been reported to be declining, with a 24% drop in the first week of April. However, the extent of the decline varies across different time periods, with year-on-year decreases ranging from 5% to 24% in different months. The sales trend appears to be uneven, with some reports indicating a rebound in early May after lows in April, while others show continued year-on-year declines.
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