New-car sales dip for fourth straight month but EVs, hybrids make up half of July sales 🚗⚡ Demand for new vehicles in China decreased for the fourth month in a row, with electrified vehicles gaining momentum.
Demand for new passenger vehicles in China has contracted for the fourth consecutive month in July, as weakened demand for fuel-powered vehicles more than offset the sales increase of electrified vehicles, according to the China Automobile Dealers Association.
https://www.autonews.com/china/china-auto-market-hits-milestone-evs-hybrids-make-half-july-sales