China sees 2019 auto sales down 5pc y/y

25 Jul, 2019

Sales for new energy vehicles were expected to total 1.5 million units from a previous forecast of 1.6 million, the China Association of Automobile Manufactures (CAAM) said in a statement released on Tuesday.

Data released by CAAM earlier this month showed vehicle sales in the world's top auto market contracted for a 12th straight month in June, with China's economy slowing while it remains locked in a bruising trade spat with the United States.

Copyright Reuters, 2019

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