China’s passenger car exports up 28% in June

BEIJING: China’s exports of passenger vehicles hit 378,000 units in June, marking a 28 percent increase year-on-year and staying flat compared to the previous month, the latest data showed.

Xinhua News Agency quoted the China Passenger Car Association as saying that with the South American market recovering, exports of Chinese-brand cars hit 325,000 units in June, up 31 percent year on year, while the exports of luxury vehicles and cars made by Chinese and foreign-invested joint ventures reached 54,000 units, up 12 percent year-on-year.

In the same month, exports of new energy vehicles (NEVs) from China stood at 80,000 units, up 12.3 percent year-on-year. In the first half of this year, NEV exports reached 586,000 units, up 21.2 percent year-on-year, the data showed.

Data from the association, covering all domestic passenger car manufacturers, also showed that in the first half of this year, retail sales of passenger cars surpassed 9.84 million units, up 3.3 percent year-on-year.

Source: Emirates News Ag