China's new car sales in January were due to increased sales of EVs (electric vehicles), as well as last year's long holiday in January coinciding with the Lunar New Year, and the closure of car dealerships. This was a significant increase of over 47% compared to the same month last year, due in part to the reactionary decline in sales.
According to the Automobile Manufacturers Association, which is made up of Chinese automakers, the number of new cars sold last month was 2,439,000 units, a significant increase of 47.9% compared to the same month last year.
The main factor was that sales of "new energy vehicles" such as EVs were strong, increasing by 78.8% compared to the same month last year, and the proportion of new energy vehicles in sales was 29.9%. did.
In addition, in January of last year, which is the subject of comparison, there was a long holiday to coincide with the Lunar New Year, and sales fell due to car dealership closures, so the reactionary effect was also a significant positive factor. .
Last year, China overtook Japan to become the world's number one exporter for the first time in terms of annual car exports, but last month's exports increased by 47.4% compared to the same month last year to 443,000 cars. continues to expand.