Jul 11, 2018 (China Knowledge) - China Association of Automobile Manufacturers (CAAM) announced on Wednesday that China's June car sales rose 4.8% from a year earlier to 2.27 million units, as demand continues to rise in the world's largest auto market.
Demand for new energy vehicles (NEVs) in China remained strong as the country aggressively pushes for the usage of these NEVs to curb urban air pollution and help the domestic automobile industry establish itself at the forefront of technology.
The world's second largest economy, which previously pledged to cap its carbon emissions by 2030 and curb worsening air pollution, underlined a clearer timetable to remove the dependency on vehicles using gasoline and diesel. The country aims to use other energy sources to power its vehicles and reduce dependence on oil imports.
The NEV sales in June rose 42.9% from a year earlier to 84,000 units. Among them, the sales of pure electric vehicles expanded 29.5% year-on-year to 62,000 while sales in plug-in hybrid vehicles surged 102.0% from a year earlier to 22,000, From Jan-Jun, the sales of NEV amounted to 412,000 respectively, an increase of 111.5% from a year earlier.
Meanwhile, the overall sales volume in the first half of this year increased by 5.6% over the same period last year, reaching 14.1 million units. Since the sales volume fell by 11.1% in February, car sales in the Chinese market have been steadily rising.
Copyright © 2018 www.chinaknowledge.com
Send feedback or comments to: email@example.com
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com
To access our page on Bloomberg, type CKFI