The China Passenger Car Association (CPCA) said retail sales of passenger vehicles in China are expected to reach 1.8 million units in January this year, down 20.4 percent month-on-month and up 0.3 percent year-on-year.
In particular, retail sales of new energy vehicles in China are likely to reach 800,000 units. and the NEV market penetration rate will be about 44.4 percent in January.
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