By Bingyan Wang
The recovery of car sales in China continued to accelerate in June as Beijing aimed to boost the electric-vehicle industry.
Retail sales of passenger cars in the world’s biggest auto market rose for a fifth straight month in June, climbing 8.7% from a month earlier to 1.89 million vehicles, the China Passenger Car Association said Monday. The on-month rise marked the first time that car sales have risen consecutively in the first half of the year since 2001, the association said.
Compared to a year earlier, sales dropped 2.6% as the consumer market has yet to fully recover from the impact of Covid.
The association expects July sales to get a boost from the summer vacation, but decline on year due to the high base.
Retail sales of new-energy cars, which include electric and plug-in hybrid vehicles, grew 25.2% in June from a year ago to 665,000 vehicles, the association said.
Tesla delivered 93,680 cars made at its Shanghai plant in June, the data showed.
Beijing has rolled out a nationwide campaign to promote car purchases, including extending tax breaks for EV purchases and boosting lending to buy cars.
Write to Bingyan Wang at [email protected]
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