Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Industry

China's major automakers end 21-month shrinking sales

May 09, 2020


Abstract : China's major automakers have finally seen sales rebound after negative growth for 21 consecutive months, an industrial association said.

SHANGHAI, May 8 (Xinhua) -- China's major automakers have finally seen sales rebound after negative growth for 21 consecutive months, an industrial association said.

Some 2 million units of vehicles were sold in April, up 39.8 percent month on month and 0.9 percent year on year, according to an estimate from the China Association of Automobile Manufacturers.

The figure brought the total sales in the first four months of this year to 5.67 million, down 32.1 percent year on year.

SAIC Motor, the largest vehicle manufacturer in China, said Saturday it sold 433,000 vehicles in April, up 0.5 percent year on year.

Geely Auto reported 105,468 units of vehicle sales in April, up 2 percent year on year and 44 percent month on month.

The emerging automaker Nio has doubled sales growth for two months in a row, with a record number of 2,907 ES6 models delivered in April. The monthly sales of the company rocketed by 181 percent year on year.

Cui Dongshu, an industrial analyst, said work resumption of major automakers, rising demand for private cars out of safety concerns amid the epidemic and automakers promotional activities all contributed to the sales rebound.

The auto sales growths are expected to continue in May and June, according to industrial analysts. Enditem

Scan the QR code and push it to your mobile phone

Keyword: manufacturing automobile manufacturer

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial