Huansu (Passenger Cars) - China

  • China
  • In 2024, the projected revenue for China is estimated to reach US$1bn.
  • The market segment Huansu is expected to experience an annual growth rate of 1.24% from 2024 to 2028.
  • This growth is anticipated to result in a projected market volume of US$1bn by 2028.
  • The unit sales for Huansu are expected to reach 120.9k vehicles in 2028.
  • Furthermore, the volume weighted average price of Huansu in 2024 is projected to amount to US$10k.
  • From an international perspective, it is evident that China will generate the highest revenue, with an estimated amount of US$1bn in 2024.
  • China's Huansu market is witnessing a surge in demand for electric vehicles as the government promotes sustainable transportation.

Key regions: Worldwide, China,

 
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