China auto sales to hit 25 million units this year: industry body By Reuters



© Reuters. Baojun cars wait for sale in front of a dealership in Lushan county, Pingdingshan

BEIJING/SHANGHAI (Reuters) – China’s vehicle sales are likely to hit 25 million units this year, an industry body said, as the world’s biggest vehicle market continued to lead the global auto industry recovery from lows hit during the COVID-19 pandemic.

Fu Bingfeng, executive vice chairman of the China Association of Automobile Manufacturers (CAAM), told an annual conference of the association in Beijing on Friday that CAAM expects Chinese sales this year of over 20 million passenger vehicles and 5 million commercial vehicles, which include trucks and buses.

CAAM also expects Chinese sales to modestly grow next year and hit 30 million units in 2025, Fu said. China sold 25.77 million vehicles last year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *