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 lockdown
BEIJING/SHANGHAI - 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.
The association expects auto sales to fall around 10% this year barring a second wave of virus infections which could deepen the slide to around 20%. “The sales growth shows NEV makers and customers are getting used to the new normal after the government cut subsidies last year,” said Xu Haidong, a senior CAAM official.NEVs include battery-powered electric, plug-in gasoline-electric hybrid and hydrogen fuel-cell vehicles.
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