The Chinese Association of Automobile Manufacturers reported that 2.61 million new cars were sold in China in September 2022. This is a 25.7% increase in demand compared to September last year. Note that in August and July, sales growth was even stronger.
Then it was explained by state support for the purchase of electric cars. It was cars with alternative energy sources that became the engine of sales growth in September. Compared to September 2021, their sales increased by 93.9%.
If we talk about car sales for the first 3 quarters, they grew by 4.4%. And this is despite the restrictions in large cities that have been associated with the spread of the coronavirus. We also add that 2.61 million are sales, including LCVs, buses, and trucks.
“Passenger cars sold 1.95 million units, and sales growth was 21.2%.”