
The average transaction price for a new EV dropped 5.5 percent to $61,448 in December driven by Tesla's significant price cuts.
For the full year 2022, CATL's share of China's power battery market was 48.2 percent and BYD 23.45 percent.
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For the full year 2022, China's NEV sales were 6.887 million units, up 93.4 percent year-on-year, accounting for 25.6 percent of all vehicle sales.
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