China car sales jump 29.7% in July - Breaking The News

China car sales jump 29.7% in July

11 August

1 min read

EPA-EFE/WU HONG

China Association of Automobile Manufacturers (CAAM) said Thursday that sales in the country soared by 29.7% in July to come in at 2.42 million units.

Production of vehicles in the same month rose by 31.5% year over year to 2.46 million units, while China's production of new energy vehicles increased by 120% to 617,000 units, and the sales amounted to 593,000 units hitting a new record.

The figures come amid widespread concern over inflation and the possible geopolitical and economic implications of conflict between Taiwan and China.

vehicles data cars electric vehicles

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