The China Passenger Car Association (CPCA) has released data indicating that in February, China witnessed retail sales of 464,000 new energy vehicles, reflecting a 32% year-on-year (YoY) decrease and a 22.1% month-on-month (MoM) drop. From January to February, the cumulative retail sales of new energy passenger vehicles amounted to 1.06 million units, experiencing a 25.7% YoY decline.
