Observer Report
Beijing
China’s vehicle sales are likely to hit 25.3 million units this year, an industry body said on Friday, as the world’s biggest vehicle market continued to lead the global auto industry recovery from lows hit during the Covid-19 pandemic.Xu Haidong, senior official at China Association of Automobile Manufacturers (CAAM), told an annual conference of the association in Beijing that CAAM expects Chinese sales this year of 20.2 million passenger vehicles and 5.1 million commercial vehicles, which include trucks and buses. China sold 25.77 million vehicles last year. Xu said CAAM’s forecast for next year’s overall sales is 26.3 million vehicles, up around 4pc from this year, thanks to supportive government policies and automakers’ discounts. Xu said China expects to sell 1.8 million new energy vehicles next year, up from 1.3m this year and 1.2 million last year..
