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19 Feb

BYD chairman predicts over 50% NEV penetration rate this year

BYD’s ceo and chairman Wang Chuanfu said at a development conference held by Guangdong Province that he predicts an over 50% single-month NEV penetration rate throughout this year in China. “China’s NEV production and sales volumes have maintained the first in the globe for nine years, accounting for more than 60% of the global share,” the top executive said on 18 February. “At present, the transformation of the automobile industry h…
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