China vehicle sales fall 12% in July: Industry association
FILE PHOTO: Cars drive on the road during the morning rush hour in Beijing, China, July 2, 2019. REUTERS/Jason Lee
BEIJING: Vehicle sales in China fell 11.9 per cent in July from the corresponding month a year earlier, industry data showed on Wednesday (Aug 11).
Overall sales in the world's biggest auto market stood at 1.86 million vehicles in July, showed data from the China Association of Automobile Manufacturers (CAAM).
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 164.4 per cent, with 271,000 units sold last month.
NEV makers such as Nio Inc, Xpeng Inc and BYD Co Ltd are expanding manufacturing capacity in China, encouraged by the government's promotion of greener vehicles to cut pollution.
US electric vehicle maker Tesla Inc sold 8,621 China-manufactured electric cars in China and exported 24,347 cars last month.
