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11 Apr
07:25

New energy vehicle production rises in China

In recent years, the Chinese government has spent much time on projects to develop new energy vehicles. Thanks to government subsidies and increased research and development, production and sales volumes of these are now showing an upward trend. This presents new opportunities for the Chinese steel sector, Kallanish notes. In February, the production of new energy vehicles was 39,230 units, an increase of 119% year-on-year. Sales volumes also rose…
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