Sales of new energy vehicles (NEVs) in China reached 431,000 in January, a year-on-year increase of 135.8%, industry data showed on Friday.
Overall automotive sales in China rose 0.9% in January from a year earlier, their first uptick after eight consecutive months of declines, data from the China Association of Automobile Manufacturers (CAAM) showed.
A total of 2.53 million vehicles were sold in the world’s biggest car market rose in the first month of 2022, according to the data.
Despite the year-on-year growth, sales of NEVs, which include battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, fell 18.6% month-on-month after China cut subsidies for NEVs by 30% at the end of 2021.
- Reuters, with additional editing by George Russell
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