China's GAC, BMW Expect China Sales To Grow This Year

GAC and BMW expect sales to grow in the world's biggest auto market - China, as consumption revives from COVID-19 lockdowns.

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Chinese automaker GAC and Germany's BMW expect sales to grow this year in China, the world's biggest auto market, as consumption revives from COVID-19 lockdowns, officials said on Saturday. Guangzhou-based GAC, which has partnerships with Toyota Motor and Honda Motor, expects its full-year sales and production to be positive, said general manager Feng Xingya.

Also Read: China's Changan Ford JV Sales To Grow This Year

Jochen Goller, head of BMW China, said the carmaker expects “single digit growth” in China this year.

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The executives were speaking at the Beijing International Automotive Exhibition 2020. GAC previously said it aimed to increase sales by 3% in 2020.

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