Market growth will slow in 2023 as economy cools, CAAM predicts

EV startup Nio said it produced 300,000 vehicles as of Dec. 12. (Nio)

December 15, 2022 04:10 PM

China’s new light-vehicle market will notch lower growth in 2023 amid a slowing national economy and lingering chip shortages, the China Association of Automobile Manufacturers predicts.

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