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11 SEPTEMBER 2019 AL CIRCLE

China’s sales of new energy vehicles decline 16% YoY in August: CAAM

EDITED BY : HEENA IQBAL 1MINS READ

China’s sales of new energy vehicles declined for the second month in a row in August, data showed from the China Association of Automobile Manufacturers (CAAM) on Wednesday September 11.

Sales of new energy vehicles- all-electric, fuel-celled autos and plugin hybrids- stood at 85,000 units last month, down 15.8% from a year ago, after a drop of 4.7% year-on-year in July. New energy vehicles sale increased 32% from the same period last year to 793,000 units in the first eight months of 2019.

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new energy vehicles sale

Sales of car declined 6.9% from a year ago to 1.96 million units, CAAM data showed. Automobiles sales in the first eight months of this year were down by 11% compared with the same period last year.

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In another update from Shanghai Metals Market, Guiyang, the capital city of Guizhou province in Southwest China, will add its 2019 car license plate quota by over 30,000 from 2018 to boost vehicle sales. This came after the southern Chinese metropolis of Shenzhen announced plans in June to add 40,000 vehicle plates in 2019 and 2020.


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EDITED BY : HEENA IQBAL 1MINS READ

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