China's Top-Level Strategic Planning Spurs Growth of...
China News
August 4, 2023
Experts credit China's top-level strategic planning, technological support, and tax reduction initiatives for driving the development of the new energy automobile industry. In the first half of this year, China's penetration rate of new energy vehicles (NEVs) surpassed 28 percent, with every fourth car sold being an electric vehicle. Additionally, China remains the world's largest exporter of NEVs, solidifying its position in the global market.