BUSINESS Shanghai Customs sees rising auto imports in Jan.-Sept.

BUSINESS

Shanghai Customs sees rising auto imports in Jan.-Sept.

Xinhua

22:50, October 23, 2017

Shanghai Customs has released figures showing a rise in auto imports for nine consecutive months since January this year.

In the first nine months of this year, a total of 302,000 vehicles worth 84.87 billion yuan ($12.79 billion) were imported through Shanghai, up 17 percent year on year.

About 169,000 cars were imported from the Europe Union during the period, up 21.2 percent year on year, accounting for 55.7 percent of the total imports. Cars imported from the US increased 30.1 percent year on year to 72,000.

The number of imported vehicles with engines between 1.5 liters and 2.0 liters also increased to 165,000 during the period.

Analysts attributed the consecutive growth to the strong auto consumption market and the rapid introduction of new car models by automobile companies.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue