1st LD-Writethru: China's auto sales gain momentum in July

0 Comment(s)Print E-mail Xinhua, August 11, 2022
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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.

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. Enditem

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