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Chinas Auto Sales Down 12.4 in June Industry Association

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BEIJING Reuters Auto sales in China, the worlds biggest car market, fell 12.4 in June from the corresponding month a year earlier, industry data showed on Friday.

Overall sales stood at 2.02 million vehicles in June, data from the China Association of Automobile Manufacturers CAAM showed.

The country sold 12.89 million vehicles between January and June, up 25.6 from yearago levels.

Sales of new energy vehicles NEVs including batterypowered electric vehicles, plugin petrolelectric hybrids, and hydrogen fuelcell vehicles maintained their strong momentum, jumping 139.3, with 256,000 units sold last month.

NEV makers such as Nio Inc, Xpeng Inc, and BYD are expanding manufacturing capacity in China, encouraged by the governments promotion of greener vehicles to cut pollution.

Tesla Inc sold 33,155 Chinamanufactured electric cars in June.

Reporting by Yilei Sun and Tony Munroe; Editing by Christopher Cushing and Sherry JacobPhillips

Source Reuters

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