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China’s NEV market faces challenges

Optimism abounds for new energy vehicles in China, but the market faces considerable headwinds, as BMI Research’s Anna-Marie Baisden explains

The new energy vehicle (NEV) market in China has been one of the country’s fastest growing vehicle segments, attracting investment from OEMs and suppliers alike. Incentives and government support for electric vehicle (EV) manufacturing in the country, boosted by the 13th Five-Year Plan, helped NEV sales rise 53% year-on-year in 2016, whilst production rose 51%.

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