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China EV penetration rates hit new high in Oct

Source: Mysteel Nov 18, 2025 14:38
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Gasoline NEV & Battery Demand
China's automobile market set a new record high in October in terms of the penetration rates of electric vehicles (EVs), further squeezing the gasoline consumption in both passenger and commercial sectors, according to data from China Association of Automobile Manufacturers (CAAM).   In October 2025, China's vehicle sales reached 3.322 million

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