China’s auto sales up 8.7 pct in first nine months

17
Beijing

China’s auto sales rose 8.7 percent year on year to 18.62 million units in the first nine months of 2021, data from the China Association of Automobile Manufacturers (CAAM) showed Tuesday.

Auto production rose 7.5 percent year on year to 18.24 million units over the past three quarters, according to the data.Sales of passenger vehicles increased 11 percent year on year to 14.86 million units in the January-September period.

China’s industrial enterprises continued to recover with stable economic development, but the auto industry continued to face pressure from a chip supply shortage, high logistics costs and other factors, the association said.

In September alone, auto sales totaled about 2.07 million units, down 19.6 percent year on year. —Xinhua

 

Previous articleGold price increases to Rs96,700 per 10gm
Next articleWebinar on ‘Leadership Skills for Supervisors’ on October 20