Reference News Network August 13 report, according to the website of the "Nikkei Shimbun", the China Association of Automobile Manufacturers released data on August 11 showing that the sales of Chinese cars (including exports) in July reached 2.593 million units, an increase of 14.7% year-on-year. The subsidy policy for replacing old vehicles with new ones introduced by the Chinese government and the active introduction of new car models by major automakers have played a promoting role in the growth of car sales.
According to the report, the sales of new energy vehicles, including pure electric vehicles, reached 1.262 million units, an increase of 27.4% year-on-year. Among them, the sales of pure electric vehicles reached 811,000 units, an increase of 47.1% year-on-year; the sales of plug-in hybrid electric vehicles reached 451,000 units, an increase of 2.8% year-on-year. New energy vehicle new car sales accounted for 48.7% of the total new car sales.
The report stated that usually, consumers have a low willingness to purchase cars in July, but the Chinese government's implementation of the subsidy policy for replacing old vehicles with new ones, combined with Chinese automakers actively launching new car models, jointly promoted the overall sales increase.
Domestic car sales in China reached 2.018 million units, an increase of 12.6% year-on-year. Car exports reached 575,000 units, an increase of 22.6% year-on-year. New energy vehicle exports showed particularly strong performance, with exports reaching 225,000 units in July, an increase of 120% year-on-year.
Some opinions pointed out that the current economic growth rate of China is slowing down, and the government is stimulating demand by issuing subsidies. At a press conference held on August 11, Chen Shi Hua, vice secretary-general of the China Association of Automobile Manufacturers, said that national policies help stabilize consumer confidence, continuously boost car consumption, and ensure the smooth operation of the industry in the second half of the year.
In the first seven months of this year, the cumulative sales of Chinese cars (including exports) reached 18.269 million units, an increase of 12% year-on-year. Among them, domestic sales reached 14.588 million units, an increase of 11.8% year-on-year; exports reached 3.68 million units, an increase of 12.8% year-on-year. (Translated by Ma Xiaoyun)
Original text: https://www.toutiao.com/article/7537879078850937379/
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