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China Aug EV penetration rate hits new high, further squeezing gasoline demand

Source: Mysteel Sep 16, 2025 10:50
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Gasoline NEV & Battery Demand
According to data of China Association of Automobile Manufacturers (CAAM), the penetration rate of passenger electric vehicles (EVs) in the domestic market recorded 55.06% in August, a new high in history.   In detail, CAAM data indicated that China's automobile sales hit 2.86 million vehicles in August, rising 10.18% month-on-month (MoM)

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