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Benzinga
Benzinga
Business
Rachit Vats

Tesla, Nio To See China Bounceback? Data Shows June NEV Sales Likely Hit Record High

NIO China CnEVPost

China’s new energy vehicle (NEV) retail sales are expected to reach a record high in June as key automakers emerge from intensive COVID-19 curbs, CnEVpost reported, citing the China Passenger Car Association (CPCA).

What Happened: NEV retail sales are expected to cross 500,000 units in June as sales picked up better than industry expectations. 

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