China’s resurgent car sales set to match 2019 levels despite coronavirus, recovery continues in November
- China is expected to sell over 20 million passenger vehicles and 5 million commercial vehicles in 2020 having sold a total of 25.77 million last year
- Car sales in China rose 12.6 per cent in November from the same month a year earlier to 2.77 million vehicles, the eighth straight monthly rise
China’s vehicle sales are likely to hit 25 million units this year, an industry body said on Friday, as the world’s biggest vehicle market continued to lead the global car industry recovery from lows hit during the coronavirus pandemic.
Fu Bingfeng, executive vice-chairman of the China Association of Automobile Manufacturers (CAAM), told an annual conference of the association in Beijing that CAAM expects Chinese sales this year of over 20 million passenger vehicles and 5 million commercial vehicles, which include trucks and buses. China sold 25.77 million vehicles last year.
Bai Hua, an official at China’s Ministry of Industry and Information Technology, said China expects to sell over 1.3 million new energy vehicles (NEV) this year, up from 1.2 million units last year. NEVs include battery-powered electric, plug-in petrol-electric hybrid and hydrogen fuel-cell vehicles.
CAAM also expects Chinese sales to modestly grow next year and hit 30 million units in 2025, Fu said.
Car sales in China rose 12.6 per cent in November from the same month a year earlier to 2.77 million vehicles, the eighth straight monthly rise, CAAM data showed.
