Demand in the leading light vehicle (LV) markets rose by 5.1% in June, the fifth successive monthly increase, taking the year-to-date (YTD) increase to 4.6%. China accounted for 31% of the YTD demand and 75% of the YTD increase. Excluding China, the YTD increase was 1.6%. The Chinese market has been boosted by government subsidies for electric vehicles (EVs) and fierce price competition.
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