China's Auto Market Sees Increases in Both Production and Sales

June Production Reaches 2.325 Million Units, Up 6.3% Year-on-Year
June Sales Increase 4.8% Year-on-Year to 2.3 Million Units

[Asia Economy Beijing=Special Correspondent Jo Young-shin] The Chinese automobile market is reviving. Although the automobile industry faced difficulties due to the novel coronavirus infection (COVID-19), it has been normalizing rapidly since June.

According to recent statistics from the China Association of Automobile Manufacturers on the 17th, automobile production in China in June reached 2,325,000 units, an increase of 6.3% compared to the previous year. During the same period, sales were recorded at 2,300,000 units, up 4.8% year-on-year.

Xinhua News Agency reported that the automobile market is recovering quickly due to government consumption promotion policies.

Xinhua News Agency stated that automobile sales in China have shown year-on-year growth for three consecutive months.

In fact, Xinhua News Agency added that automobile production and sales in China for the first half of this year were 10,112,000 units and 10,257,000 units, respectively.

This content was produced with the assistance of AI translation services.