China’s new energy vehicle output fell 36.9% year on year to 110,000 units on November, continuing year-on-year declines posted each month since July, but up 15.8% year from October, the China Association of Automobile Manufacturers said Tuesday. The country’s NEV sales fell 43.7% on year to 95,000 units in November, also continuing year-on-year declines posted each month since July, but up 26.7% on month, the CAAM data showed. Negative growth was expected for both NEV output and sales in 2019, said CAAM deputy secretary-general Chen Shihua. The downturn in the NEV market was a drag on the performance of power battery markets entering the traditional peak season, which was also reflected in declining battery metals prices. The loading volume of power batteries fell 25.9% on year to 6.3 GWh in November, but was up 54.3% on month, according to separate data released by the China Automobile Power […]