China’s car sales down 14.1%
China’s car sales down 14.1%

BEIJING: China’s passenger car production declined 4.1 per cent on a year-on-year basis in October, while the sales fell 13.9 per cent from a year ago, data from an industry association showed on Monday.

Bucking the trend, the country’s sales of new-energy passenger vehicles soared 141.1 per cent on a year-on-year basis to 321,000 units in October, according to the China Passenger Car Association.

During the first 10 months, the sales of new-energy passenger cars skyrocketed 191.9 per cent from a year ago to 2.14 million units.

The market performance of the new-energy cars and petrol vehicles took diverging paths, with the former continuing to see explosive growth, Cui Dongshu, secretary general of the association, said.

China’s leading new-energy vehicle manufacturer BYD remained the most popular brand among the buyers, with its car wholesales reaching 80,373 units last month.

Tesla China sold 54,391 vehicles in October, and its exports reached 40,666 units, data from the association showed.

In 2022, China’s wholesales for passenger cars will likely to grow 5 per cent, the association added.

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