China's auto sales down 12.4% in June - industry association

Reuters2021-07-09

BEIJING, July 9 (Reuters) - Auto sales in China, the world's biggest car market, fell 12.4% in June from the corresponding month a year earlier, industry data showed on Friday.

Overall sales stood at 2.02 million vehicles in June, data from the China Association of Automobile Manufacturers (CAAM) showed.

The country sold 12.89 million vehicles between January and June, up 25.6% from year-ago levels.

Sales of new energy vehicles (NEVs) including battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles maintained their strong momentum, jumping 139.3%, with 256,000 units sold last month.

NEV makers such as Nio Inc, Xpeng Inc, and BYD are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.

Tesla Inc sold 33,155 China-manufactured electric cars in June.

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Comments

  • Sephy
    2021-07-09
    Sephy
    Beware of China EV listed in US markets, You havebeen WARNED ! China regulations incoming !
  • ykang
    2021-07-09
    ykang
    Ev is the future.... 
  • Donnietan42
    2021-07-09
    Donnietan42
    [Cry] 
  • OMZ
    2021-07-09
    OMZ
    Like
  • angskk
    2021-07-09
    angskk
    Pls like thks!
  • IcyAlchemist
    2021-07-09
    IcyAlchemist
    Like and comment
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