China Dec vehicles sales rise by 6.4%; down 1.9% in 2020

Author: Nurluqman Suratman

2021/01/14

SINGAPORE (ICIS)--China’s vehicle sales rose by 6.4% year on year to 2.83m units in December last year, slowing from the 12.6% increase in November, the latest data from the China Association of Automobile Manufacturers (CAAM) showed.

For the whole of 2020, China’s vehicle sales fell by 1.9% year on year to 25.3m units, CAAM said in a statement on 13 January.

China’s overall production of vehicles rose by 5.7% year on year in December last year to 2.84m units.

For the full year, the country's production of vehicles fell by 2.0% to 25.2m units.

In December, China's production and sales of new energy vehicles (NEVs) continued to maintain rapid growth, with both production and sales exceeding 200,000 vehicles, setting a new record high, CAAM said.

Sales of NEVs rose by 49.5% year on year to 248,000 units in December while production was up by 55.7% at 235,000 units.

For the whole of 2020, NEV sales rose by 10.9% year on year to 11.4m units, while production was up by 7.5% at 1.37m units.

Interactive by Nurluqman Suratman