(Finance) – Auto sales in China jumped 29.7% to 2.42 million units in July, extending a recovery that began in June with the easing of COVID restrictions and state incentives. This is what emerges from the data published by the China Association of Automobile Manufacturers (CAAM), according to which sales in the first seven months are still 2% lower than in the same period of 2021.
In July, sales of electric cars (pure, plug-in hybrids, hydrogen fuel cell vehicles) increased 120% from the previous year.