China’s New Energy Vehicle Market Sees Strong Rebound amid Robust Car Incentives

(Source: WhichCar)

China’s marketplace for new energy vehicles posted a strong rebound in June, industry data showed, leading an auto sector turnaround as cash subsidies and tax cuts, part of a wider push for economic stabilization, helped incentivize consumers.

The domestic automobile sector has recovered from its April low, data from the China Associati…