Sales of Chinese-brand cars jump to 43.1 pct

shahennews

Sales of Chinese-brand passenger cars continued to rise rapidly in June, surging 43.1 percent year on year, according to data from the China Association of Automobile Manufacturers shows.

A total of 994,000 Chinese-brand passenger cars were sold last month, accounting for 44.8 percent of the country’s total passenger-car sales in the period, the association said.

In the first half of the year, the sales of domestic auto brands rose 16.5 percent year on year to top 4.89 million units, making up 47.2 percent of China’s total passenger-car sales in the period, up 5.3 percentage points from the same period in 2021.

The association attributed the expansion of the market share of Chinese brands this year to automakers’ efforts to increase competence through industrial upgrading, winning more young consumers through accurate market analysis, and getting support from the domestic supply chain.

//Petra// RZ