China NEV sales to grow more than 40% each year in next 5 years: Industry body

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SHANGHAI: China’s new energy vehicle (NEV) sales are expected to grow more than 40 per cent each year in the next five years, a senior official at the China Association of Automobile Manufacturers (CAAM) said on Friday (Jun 18). Fu Bingfeng, executive vice chairman of CAAM, made the remarks at a …