In China, passenger car deliveries in July did not fall as significantly as initially calculated. Last month, car deliveries to end customers in the world’s largest car market fell by 2.3 percent to 1.78 million cars compared to the same month last year, as the industry association PCA (China Passenger Car Association) announced today in Beijing. Preliminary calculations had assumed a decline of the order of five percent. A slight minus was already recorded in June. The background is that in mid-2022 the government in Beijing had boosted the purchase of cars with subsidies after the Covid pandemic had previously weighed on the economy of the People’s Republic.
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Electric and hybrid cars on the rise
Electric cars (the way the PCA counts electric and hybrid cars together), on the other hand, continues to get a strong boost: the number of cars with alternative drive systems delivered increased by almost a third to 641,000 vehicles compared to the same month last year, according to the PCA.
BYD overtakes VW
Delivery figures from China are also particularly important for the German manufacturers Volkswagen (including Audi and Porsche), BMW and Mercedes-Benz, because the country is usually their largest single market. In the rapidly growing business with electric cars, however, German suppliers have a difficult time there. Volkswagen’s core brand VW passenger cars, for example, had to give up the title of market leader, which it had held for decades, to the electric car manufacturer BYD this year, and Audi is also having problems.
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