China NEV Sales Expected to Soar 57% in 2022, Analyst Says

Asian Tech Press (Dec 31) -- Tesla, BYD, NIO and XPeng may help boost China's new energy vehicle (NEV) sales by 57 percent in 2022, driven by the rapid expansion of the mid to high-end vehicle market, said automotive sector analyst Joanna Chen.

Intense competition and lower battery costs signal that NEVs will become more affordable. NEVs could be on a long-term growth trajectory as buyers adjust to new technology and fewer subsidies.

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