China's 2020 auto production and sales could return to 2019 levels

  • Chinese commerce ministry official forecasted that the country's total vehicle ownership could hit around 280 million units by the end of this year.
Honda employees work on a production line in China. (File photo) (REUTERS)
Honda employees work on a production line in China. (File photo)

China's 2020 auto production and sales may possibly be close to last year's levels should they keep growing in the fourth quarter, an official from the country's state planner said on Wednesday.

Wu Wei, an official at the National Development and Reform Commission, made the comments at an industry conference in China's northwestern city of Xian.

Also Read : China's EV sales continue to surge as auto industry continues recovery

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In a separate speech at the same event, Chinese commerce ministry official Hu Jianping forecasted that China's total vehicle ownership could hit around 280 million units by the end of this year.

First Published Date: 21 Oct 2020, 15:46 PM IST
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