Sales of NEVs, which include battery electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles, hit 786,000 units
As China's automakers close the gap with foreign automakers we are likely to see more joint ventures collapse in the coming years, Urban Science managing director Chee-Kiang Lim said
China's markets are being buoyed by policy easing exactly as much of the rest of the world is tightening, says Goldman Sachs.
Auto sales have slowed, gamers are purchasing fewer consoles and the Chinese are hesitant to replace older smartphones, TVs, laptops as covid curbs weaken spending power and render more people jobless.
Apple Inc achieved its highest-ever market share in China in the fourth quarter, when it was the top-selling vendor for the first time in six years