2/8, 12:43 PM (Source: TeleTrader)
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NEV sales soar nearly 300% in China in January

China Passenger Car Association (CPCA) announced on Monday that the sales of new energy vehicles (NEVs), partially or fully powered by electricity, skyrocketed 290.6% on a yearly basis in January in the country.

The NEV sales were 20.5% down on a monthly basis.

Specifically, Tesla Inc. had sold 15,484 of its China-produced vehicles in January, compared to 23,804 sold in December 2020.

Breaking the News / MS