China sales rise 4% in February

Revenue of passenger cars in China rose by more than 4% to 1.25 million units in February 2022 from 1.18 million models a calendar year previously, according to retail data unveiled by the China Passenger Automobile Affiliation (CPCA).

February had been a particularly weak thirty day period for Chinese automobile sales in the very last two decades because of to the Lunar New Yr holidays. When compared with 2.09 million models in January, profits ended up down by above 40%.

Gross sales of new energy vehicles (NEVs), comprising largely electric and hybrid motor vehicles, jumped by in excess of 180% to 272,000 units past month to account for nearly 22% of full passenger automobile gross sales.

The association claimed sales of Chinese model automobiles amounted to 540,000 units past month, to accounted for 44% of the overall, with GAC reporting a 36% surge to 143,000 units.

Domestic suppliers of new electrical power cars also enjoyed robust gains.

All round passenger automobile revenue in the first two months of the calendar year have been down just slightly at 3.32 million models from 3.36 million a year previously.

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