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China Automotive High-Performance Electric Vehicle Market: Global Market Since 2016, China has been the world's largest NEV (New Electric Vehicle) market in terms of sales volume, and it is expected to keep that position over the forecast period. There have been obstacles in the path, and sales have been fluctuating. According to the China Association of Automobile Manufacturers, local NEV wholesales – including passenger and commercial vehicles – totaled 1.21 million units in 2019, down 4% from the previous year.
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