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China's Car Sales Exceed 30 Million In 2023

CHINA PRESS
MNI (Singapore)

China’s automobile sales including passenger cars and commercial vehicles exceeded 30 million units in 2023, with the trend of annual auto production and sales expected to reach 40 million in future, according to the China Passenger Car Association. Car sales are expected to achieve y/y growth before the Chinese New Year with electric vehicles providing strong support, said Cui Dongshu, secretary general at the CPCA. Meanwhile, China’s auto export sales hit a record high in 2023 with y/y growth of 62% to reach CNY3.83 million, among which new energy vehicles accounted for 1.04 million, a rise of 430,000 units from 2022. (Source: National Business Daily)

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