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The end of the combustion engine draws near

Car sales in China are booming – but only in the EV segment.

The Chinese car market has recovered. In terms of unit sales, the Covid crisis, lockdowns and chip shortages have long been forgotten. In 2022, passenger car sales amounted to 23.6 million vehicles, according to the China Association of Automobile Manufacturers (CAAM). For this year, it forecasts a three percent increase to 24.3 million. By comparison, 2017 was the record year in the People’s Republic with 24.7 million passenger cars sold.

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