Passenger EV sales in China to rise 35% by 2023: UBS

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Sales of passenger electric vehicles in China are expected to rise 35% annually to 8.8 million units in 2023, with the share of electric vehicles in all new car sales exceeding 37%, Paul Gong, head of China automotive research at UBS, said on Thursday. The Swiss investment bank sees long-term positive sentiment in the market[…[…
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