China s new-energy vehicle (NEV) market saw significant growth in sales in May, industry data showed, a sign of the sector s rapid development and strong consumer demand.
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The penetration rate of China s passenger new-energy vehicles (NEVs) exceeded 50 percent in the first half of April, as reported by China Central Television (CCTV) on Sunday, outperforming traditional fuel passenger vehicles and marking the rapid development of the NEV sector in China amid full market competition.
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