China’s electric vehicle sales would be more than 1.3 million units in 2020, up 8% year on year, Xu Haidong, the deputy chief engineer of China Association of Automobile Manufacturers, or CAAM, said at a recent summit. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The growth in EV sales would help spur demand for battery metals and lend a strong support to China’s battery metals prices, market sources said. China’s EV sales might reach 1.8 million units in 2021, up 40% from a year earlier, Xu said. The confidence in EV sales could be attributed to stable economic growth, continuous stimulus policies on vehicle consumption, and sales promotions by manufacturers, he added. Individual EV consumption has increased to nearly 70% this year from 20% two years ago. EV sales accounted for about 60% in cities without a limit on vehicle increment, which […]