China's auto sales surged 30% in January, tenth straight monthly gain

Sales reached 2.5 million vehicles in January, data from the China Association of Automobile Manufacturers (CAAM) showed.
By : Reuters
| Updated on: 09 Feb 2021, 12:56 PM
File photo used for representational purpose (Bloomberg)
File photo used for representational purpose (Bloomberg)
File photo used for representational purpose (Bloomberg)
File photo used for representational purpose

Auto sales in China, the world's biggest market, surged in January with a 30% jump from the same month a year earlier, the tenth month of gains, as China continued to lead the global automobile industry's recovery from the Covid-19 pandemic.

Sales reached 2.5 million vehicles in January, data from the China Association of Automobile Manufacturers (CAAM) showed.

Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, increased 239% in January to 179,000 units.

(Also read | Tesla summoned by China regulators over quality, safety issues)

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NEV makers such as homegrown Nio Inc and Xpeng Inc as well as foreign groups, such as Tesla Inc, are expanding manufacturing capacity in China where the government has promoted greener vehicles to reduce air pollution.

First Published Date: 09 Feb 2021, 12:56 PM IST
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