China sales: Slow increase in 2022

Full year sales increased 2 per cent to 26.86 million units. Passenger vehicle sales rose 9 per cent to 23,563,000 units—driven mainly by surging demand for new-energy vehicles (NEVs), while sales of commercial vehicles plunged 31 per cent to 3,301,000 units. Sales of NEVs almost doubled to 6,887,000 units last year, to account for 25…
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