China's auto industry is facing big challenges in the first quarter and still needs policy support, the CAAM said.
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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.
China's NEV penetration rate was 33.8 percent in November, a new all-time record, the CAAM data show.