According to data from the Chinese Automotive Builders Association, new car sales in April rose by 4.4% year-on-year to 2.07 million units, bringing the market out of the 21-month contraction period. There were 2.1 million cars produced last month, a 2.3 per cent growth from a year ago.
For new-energy cars, production rose 22.1% year-on-year, while sales fell 26.5%.
The expansion of the car market in April is partly due to accelerated renewal of business activities, and the practical elimination of the COVID-19 epidemic across the country and the government's incentive measures have facilitated the recovery of the sector. Over 200 automotive plants in 23 major cities, whose annual output forms over 96% of that of the entire sector, are now operating normally. If this trend continues, the association expects better results for the month of May.
China's automotive sector has continued its recovery in April
China's production and sale of cars improved in April, thanks to stimulus measures announced by the government and the recovery of business activity, Radio China reported.tags:
Cheaper heating from April, Bulgargaz offers EWRC the reduction to be...
Administrator • 2020-03-12 02:30:19
Cypriot national airline suspends flights until the end of April
Administrator • 2020-03-16 20:30:18
Greece expects easing of restrictions as early as late April
Administrator • 2020-03-26 12:30:17