China's new car sales in July increased significantly by more than 29% compared to the same month last year, showing a clear recovery trend from the effects of restrictions on going out in Shanghai due to the spread of the new coronavirus. has become
According to the Automobile Manufacturers Association, which is made up of Chinese automakers, the number of new cars sold in China in July was 2.42 million units, a significant increase of 29.7% compared to the same month last year.
It is the second month in a row that China's new car sales have surpassed the same month of the previous year.
The supply chain, which was hit by severe restrictions on going out in Shanghai due to the spread of the new coronavirus, continued to improve production, and the recovery trend became clear due to the government's purchase support measures. rice field.
Of these, the sales volume of "new energy vehicles" such as EVs = electric vehicles last month was more than 590,000 units, which was about 2.2 times the same month last year, and the cumulative total from January to July was more than 3.19 million units. And electrification is accelerating at a level approaching the total sales volume for the entire year last year.
As the Chinese economy continues to slow down, the Chinese government is focusing on promoting automobile sales, and the focus is on whether the recovery trend in the automobile industry, which is a major industry, will continue.