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CPCA: CN Pax. Car Retail Sales Expected to Sink 20%+ MoM This Month
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The total retail sales for passenger cars market in narrow sense in Mainland China in January is expected to be around 1.8 million units, representing an MoM decline of 20.4% and a YoY growth of 0.3%, China Passenger Car Association (CPCA) preliminary data showed. Among them, new energy vehicle retail sales are expected to reach approximately 800,000 units, with a penetration rate of about 44.4%. AASTOCKS Financial News |
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