China’s Used NEV Market Gains Momentum Amid Growing...
China News
November 25, 2024
As the world’s largest electric vehicle market, China is seeing a surge in the trade of used new energy vehicles (NEVs). In September alone, 100,500 used NEVs were sold nationwide, marking a 32% year-on-year increase. This growth is fueled by rapid advancements in technology from Chinese automakers and a strong consumer drive to upgrade to newer models. Auto dealers report that trade-in incentives are playing a significant role in boosting sales.