SHANGHAI, May 23 (SMM) - China’s sales of new energy passenger vehicles were 254,000 units in April based on the compulsory traffic insurance, up 53% YoY, but down 40.6% MoM.
Recently Tesla disclosed that among the vehicles produced in the first quarter, nearly half of the vehicles are equipped with lithium iron phosphate (LFP) batteries, whose cost is lower compared to the traditional NMC battery.
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