will probably downshift a bit in 2023. But it will remain far and away the largest global market—a fact that gives it formidable advantages in the race to dominate the global EV supply chain.
, more than doubled from a year earlier in the first 11 months in 2022 to more than 6 million units, according to the China Association of Automobile Manufacturers. Around a quarter of cars sold in the country are now EVs. That makes China the undisputed EV leader: It accounted for more than half of all EVs sold globally in 2022.
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