Chinese auto sales in November rose 12.6% from a year earlier as domestic demand continued to recover, the China Association of Automobile Manufacturers said Friday.
Car sales, including passenger and commercial vehicles, rose to 2.77 million units last month, CAAM said. For the January-November period, the decline narrowed to 2.9%.
In November, sales of new-energy vehicles, the bulk of which are electric cars, more than doubled to 200,000 units, the industry body said. For the first 11 months of the year, new-energy cars sales growth turned positive, rising 3.9% to 1.11 million units.
CAAM expects the Chinese car market's demand recovery to last, but warned that a shortage of chips may slow production in the industry.
CAAM tracks wholesale sales of different auto types, while industry data from the China Passenger Car Association mainly covers retail sales of passenger cars.
Write to Martin Mou at martin.mou@wsj.com
"auto" - Google News
December 11, 2020 at 01:37PM
https://ift.tt/374Hlgj
China's Nov. auto sales rise as recovery continues - MarketWatch
"auto" - Google News
https://ift.tt/2Xb9Q5a
https://ift.tt/2SvsFPt
Bagikan Berita Ini
0 Response to "China's Nov. auto sales rise as recovery continues - MarketWatch"
Post a Comment