China’s exports of automobiles reached a new monthly record in July, industrial data showed Thursday (August 11).
The country’s auto firms exported about 290,000 units of cars last month, up 67 per cent year-on-year and 16.5 per cent over June 2022, according to the China Association of Automobile Manufacturers.
July’s exports of new energy vehicles totalled 54,000 units, surging nearly 90 per cent over June.
In the first seven months of 2022, automobile exports reached about 1.51 million units, with passenger vehicles taking the lion’s share.
The whole year’s car exports might top 2.4 million units, the association estimated.