China vehicle sales rise 19per cent in Feb, NEVs also up -industry body

BEIJING : China's auto sales rose 18.7per cent in February from a year earlier, continuing last month's uptick that snapped eight consecutive months of decline, industry data showed on Friday.

But they fell 18.6per cent from January, during the Lunar New Year holiday, when most stores are shut and consumers typically delay purchases. "We remain cautiously optimistic about the future development of the industry," Chen Shihua, deputy secretary general of CAAM, said on Friday."Affected by the current conflict between Russia and Ukraine, the external environment of the industry is more complicated."

Prices of lithium, nickel and other raw materials key to the NEV supply chain have surged and are expected to rise further as supplies are disrupted due to Russia's invasion of Ukraine.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China vehicle sales rise 18.7per cent in February - industry bodyBEIJING : China's auto sales rose 18.7per cent in February from a year earlier, continuing last month's uptick that ended eight consecutive months of decline, industry data showed on Friday.Overall sales in the world's biggest car market rose to 1.74 million vehicles in February, according to data from th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »