China Auto Imports Rise 25% in Jan–Feb, NEV Share Falls to 1%
NEVs have nearly disappeared from imports, with share falling to just 1% and BEV imports plunging 88% YoY.
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Lexus Breaks Ground on Wholly-Owned EV Plant in Shanghai’s Jinshan District
Lexus has begun constructing an electric vehicle manufacturing base in Shanghai, aiming for 100,000 vehicles annually by 2027, enhancing its electrification in China.