China's July vehicle sales jump 30%, industry body says

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

SHANGHAI: China's auto sales surged 29.7 per cent in July from a year earlier to 2.42 million units, extending a recovery that began in June with the help of eased COVID-19 curbs and government incentives. But sales for the first seven months were still 2 per cent lower than the corresponding 2021 period,

SHANGHAI: China's auto sales surged 29.7 per cent in July from a year earlier to 2.42 million units, extending a recovery that began in June with the help of eased COVID-19 curbs and government incentives.

Sales of new energy vehicles, which include pure electric vehicles, plug-in hybrids and hydrogen fuel-cell vehicles, increased 120 per cent in July from the previous year. July sales were 3.3 per cent lower than June, as heat waves nationwide slowed the pace of factory production and reduced customer visits to showrooms.

The industry was hit hard by efforts to combat COVID-19 earlier in the year, with month of stringent lockdowns in the major manufacturing hubs of Shanghai and Changchun.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines