China's auto sales surged 30% in January, tenth straight monthly gain

[beijingwalker]

China's auto sales surged 30% in January, tenth straight monthly gain
By Reuters Staff
FEBRUARY 9, 2021

SHANGHAI (Reuters) - Auto sales in China, the world’s biggest market, surged in January with a 30% jump from the same month a year earlier, the tenth month of gains, as China continued to lead the global automobile industry’s recovery from the COVID-19 pandemic.

Sales reached 2.5 million vehicles in January, data from the China Association of Automobile Manufacturers (CAAM) showed.

Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, increased 239% in January to 179,000 units.

NEV makers such as homegrown Nio Inc and Xpeng Inc as well as foreign groups, such as Tesla Inc, are expanding manufacturing capacity in China where the government has promoted greener vehicles to reduce air pollution.

China's auto sales surged 30% in January, tenth straight monthly gain

Auto sales in China, the world's biggest market, surged in January with a 30% jump from the same month a year earlier, the tenth month of gains, as China continued to lead the global automobile industry's recovery from the COVID-19 pandemic.

www.reuters.com

 

[GS Zhou]

30% growth is impressive. Even if we consider the impacts of time difference of Chinese New Year 2020 vs. 2021, that's still a good growth!

 

[52051]

Due to obvious reason, many believe the growth of GDP in Q1 could reach 15%-20% YOY, so 30% growth in Jan YOY is not news.

 

[Mohamed Bin Tughlaq]

30% growth is impressive. Even if we consider the impacts of time difference of Chinese New Year 2020 vs. 2021, that's still a good growth!

Considering the current time with lockdown and everything 30% growth is mindblowingly good

 

[Pakistan Space Agency]

According to American and Hindu Extremist Indian propaganda, China should already been dead, destroyed by Trump.