Sales of passenger cars in China in July amounted to 2,174,000 units, up 40% from the same period a year earlier. At the same time, 1,666,780 new cars and light commercial vehicles were sold in Russia for the entire last year.

According to the China Association of Automobile Manufacturers (CAAM), positive dynamics is recorded for the second month in a row and is due, in particular, to pent-up consumer demand that has formed during the recent lockdowns in a number of regions of the country, as well as the launch of new measures to support the car market, which, in addition to electric vehicles, are now spreading for vehicles with internal combustion engines. In the first seven months of 2022, the Chinese car market increased by 8.3% to 12,529,000 cars.

According to the forecast, in 2022 the Chinese car market can grow by 8% to 23 million cars. At the same time, the sale of cars using new energy sources will increase by almost 1.5 times and reach 5 million units. Recall that the Chinese authorities at the federal level and at the regional level are taking measures to stimulate demand for cars both through the abolition of previously existing restrictions for the market and through subsidies for the purchase of cars. At the same time, the continued shortage of microchips could have a negative impact on the activities of a number of Chinese automakers.

bbabo.Net