China's auto sales in July
climbed 16.4 percent from a year earlier, the fourth consecutive month
of gains as the world's biggest vehicle market comes off lows recorded
during the country's coronavirus lockdown.
Sales rose to 2.11 million
vehicles, according to data from the China Association of Automobile
Manufacturers (CAAM).
For the year to date, sales were
down 12.7 percent 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 percent, while sales of passenger vehicles
rose 8.5 percent.
NEVs sales up 19.3%
Sales of new-energy vehicles
(NEVs) in China posted robust growth in July, as the world's largest
auto market steadily expands its recovery.
A total of 98,000 NEVs were sold
last month, up 19.3 percent year on year, ending 12 straight months of
decline. NEVs include battery-powered electric, plug-in
gasoline-electric hybrid and hydrogen fuel-cell vehicles.
In the first seven months,
486,000 NEVs were sold, down 32.8 percent year on year.
CAAM data also showed that
China's auto market maintained recovery momentum last month, as
increasing demand and strengthening incentives have pushed positive
market growth.
Automakers that have reported
sales growth in July include Great Wall Motor, Geely Automobile and
Toyota Motor Corp.
The auto association said last
month that China's auto sales are expected to fall between 10 percent
and 20 percent this year.
Source: Xinhua News Agency |