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Caixin Global
Caixin Global
Business

Gas-Powered Car Sales Crash While EVs Boom

CAAM

What’s new: China’s auto sales slipped 11.7% in March — the first decline in three months — driven by a drop in gas-powered vehicle sales of 26.8% year-on-year.

Sales in the world’s largest car market totaled 2.23 million units last month, according to the China Association of Automobile Manufacturers (CAAM).

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