China’s passenger car exports in the first eight months of this year already surpassed last year's total, an industry association said Thursday, though domestic sales continued to decline.
Passenger car exports in August jumped 67.1% from the year before to around 890,000 units, driven by plug-in hybrids and pure electric vehicles, according to the China Association of Automobile Manufacturers (CAAM).
China exported more than 6.2 million passenger vehicles. Exports of all types of vehicles totaled 7.1 million last year, CAAM data show, including about 6 million passenger vehicles.
The world’s largest car exporter is on track to reach a 50% to 70% growth in full-year passenger vehicle exports, according to S&P Global Ratings.
At home, passenger car sales fell 25.6% year-on-year to just below 1.5 million vehicles.
