New-car sales in China saw a 4th straight month of decline 📉, but the rise of EVs and hybrids offered a silver lining 🚗 #ChinaAutoSales #EVs #Hybrids
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