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China’s auto sales keep steady growth
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China’s auto sales continued to increase in August, evidence of the steady growth of the world's largest car market, data from the China Association of Automobile Manufacturers showed yesterday.
Some 2.19 million vehicles were sold last month, up 5.3 percent year on year, maintaining momentum in July that saw sales rise 6.2 percent.
Meanwhile, 2.09 million vehicles were produced in August, up 4.8 percent from the same month last year, according to the CAAM.
In the first eight months, total auto output and sales increased by 4.7 percent and 4.3 percent year on year to 17.68 million and 17.51 million vehicles, respectively.
The market share of domestic brands gained 5.3 percent year on year in August, said CAAM.
Sales and production of new energy vehicles continued to grow rapidly. Some 72,000 new energy vehicles were produced in August, up 67.3 percent year on year, and 68,000 were sold, up 76.3 percent from the same month last year.
Earlier data from the China Passenger Car Association showed Cthe country sold 54,000 new energy passenger cars last month, up 25 percent month on month.
The robust growth came as China has intensified efforts to encourage the use of new energy vehicles to ease pressure on the environment, by offering tax exemptions and discounts for car purchases, and ordering government bodies to buy more new energy cars.
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