China's April Auto Sales Rise 8.6%, Up For 13th Straight Month
Vehicle sales in China rose 8.6% in April versus the same month a year earlier, their 13th consecutive month of gains, industry data showed on Wednesday, as the world's biggest car market leads the sector's recovery from the COVID-19 pandemic.
Sales reached 2.25 million vehicles in April, 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, maintained their strong sales momentum, jumping 180%, with 206,000 units sold in the month.
NEV makers, such as Nio Inc, Xpeng Inc and Tesla Inc, are expanding manufacturing capacity in China, encouraged by a policy of promoting greener vehicles to cut pollution.
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