From January to July, China's automobile production and sales increased by 7.4% and 7.9% year-on-year, respectively | Automobile | China
Beijing, August 10th (Xinhua) - According to the China Association of Automobile Manufacturers on August 10th, from January to July this year, China's automobile production and sales reached 15.65 million and 15.626 million vehicles, an increase of 7.4% and 7.9% year-on-year, respectively, achieving a steady increase in production and sales compared to the same period last year.
"In July, under the influence of a high base in the same period last year, coupled with the traditional off-season of the car market, the pace of industry production and sales slowed down, and the overall market performance was relatively flat. According to Chen Shihua, Deputy Secretary General of the China Association of Automobile Manufacturers, in July, China's automobile production and sales reached 2.401 million and 2.387 million respectively, a decrease of 6.2% and 9% compared to the previous month, and a decrease of 2.2% and 1.4% year-on-year, respectively.".
According to data released by the China Association of Automobile Manufacturers, from January to July, the production and sales of new energy vehicles in China reached 4.591 million and 4.526 million, with year-on-year growth of 40% and 41.7% respectively, and a market share of 29%.
Chen Shihua said that recently, China has clearly proposed to boost automobile and other mass consumption, and introduced a number of new measures to stabilize and expand automobile consumption. With the implementation of a new round of automobile consumption promotion policies, the potential of automobile consumption is expected to be further unleashed, which will help the industry achieve stable growth goals throughout the year.