BEIJING (Reuters) – China’s auto sales in July climbed 16.4% from a year earlier, the fourth consecutive month of gains as the world’s biggest vehicle market comes off lows hit during the country’s coronavirus lockdown.
Sales rose to 2.11 million vehicles, according to data from the China Association of Automobile Manufacturers.
For the year to date, sales were down 12.7% to 12.37 million vehicles.
In July, sales of trucks, vans and other commercial vehicles, which constitute around a quarter of the overall market, surged 59.4%, while sales of passenger vehicles rose 8.5%.
Sales of new energy vehicles (NEVs) grew 19.3% to 98,000 units, ending 12 straight months of decline. NEVs include battery-powered electric, plug-in gasoline-electric hybrid and hydrogen fuel-cell vehicles.
Automakers which have reported sales growth in July include Great Wall Motor (SS:), Geely Automobile (HK:) and Toyota Motor Corp (T:).
The auto association said last month that China’s auto sales are expected to fall between 10% and 20% this year.
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by : Reuters
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