The report of the China Association of Automobile Manufacturers showed that in February China sold 1.2 million passenger cars, which is 17% more than in the same month a year earlier. The association notes a decline in the past eight months. At the same time, cars on new energy sources in February were sold by 53% more than a year earlier, helped by stimulating demand measures by the government of the PRC. This figure reached 49 thousand cars. The share of such cars in the Chinese market was 4%, an increase from 1.7% in February 2018. According to the China Passenger Car Association, the auto retail sales rate in the country fell by 18.5% in February. Its decline is observed for the ninth months in a row.
China removes restrictions on car purchases to increase sales01.04.2020
Apple donates 10 Million masks to China amid virus outbreak31.03.2020
Asian shares soar, China’s manufacturing sector recovers31.03.2020
Samsung Display to end all LCD production in South Korea and China by end 2020