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Chinese NEV fleet grows to 24.7 million vehicles

In the first half of 2024, China registered record sales of 4.397 million new energy vehicles (NEVs), increasing the total NEVs on the road to 24.72 million, a 39.41% YoY rise. The country now has 440 million motor vehicles, including 345 million cars, with all-electric cars comprising 73.36% of the NEV population. Additionally, 13.97 million new drivers were licensed, bringing the total to 532 million.

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