CHINA China's auto sales gain momentum in July

CHINA

China's auto sales gain momentum in July

Xinhua

16:33, August 11, 2022

BEIJING, Aug. 11 (Xinhua) -- China's auto sales continued to grow steadily in July, underpinned by the country's efforts to boost auto consumption, industrial data showed on Thursday.


File photo: CGTN

China's auto sales in July rose 29.7 percent year on year to 2.42 million units, data from the China Association of Automobile Manufacturers (CAAM) showed.

Auto production rose 31.5 percent year on year to reach 2.46 million units during the period.

In July, sales of passenger vehicles soared 40 percent year on year to 2.17 million units, data showed.

In particular, the sales of new energy vehicles last month reached 593,000 units, up some 120 percent, the CAAM data showed.

In the January-July period, auto sales totaled 14.48 million units, down 2 percent year on year, according to the data.

CAAM expects the automobile market to maintain steady growth in August, buoyed by pro-growth policies. It also foresees rapid growth in September, which is a traditional peak month for auto sales.

However, the association warned about uncertainties in industrial chains brought by the complex global situation, calling on enterprises to take heed of the situation and actively deal with challenges.

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