TapTechNews September 27th news, according to the Associated Press of Finance, Wan Gang, the chairman of the China Association for Science and Technology, said at the World New Energy Vehicle Congress held today that in the past more than ten years, nearly 100 million people in China have escaped absolute poverty and are on the road to getting rich, and their first wish is to have their own car. So from this perspective, The car market in China is huge and there is no worry about overcapacity.
Wan Gang introduced that the cumulative global sales of new energy vehicles are nearly 50 million, among which the cumulative sales in China are 30 million.
According to the data of the China Association of Automobile Manufacturers, in August, China's automobile production and sales were completed at 2.492 million and 2.453 million respectively, with a month-on-month increase of 9% and 8.5% respectively, and a year-on-year decrease of 3.2% and 5% respectively.
TapTechNews attaches the detailed data as follows:
In August, the production and sales of passenger cars were completed at 2.221 million and 2.181 million respectively, both with a month-on-month increase of 9.4%, and a year-on-year decrease of 2.3% and 4% respectively.
From January to August this year, The production and sales of passenger cars were completed at 16.141 million and 16.157 million respectively, with a year-on-year increase of 3% and 3.3% respectively.
In August this year, The production and sales of new energy vehicles in China were completed at 1.092 million and 1.1 million respectively, with a year-on-year increase of 29.6% and 30% respectively, and the new car sales of new energy vehicles reached 44.8% of the total new car sales.