China's auto production and sales achieved double-digit growth year-on-year in January-July: Chinese report

According to the China Association of Automobile Manufacturers, the automobile market remained stable thanks to the continued effects of the replacement policy and the introduction of new models. Both automobile production and sales were in double digits in the January-July period.
China achieved growth. Automobile production in the first seven months of this year increased 12.7% year-on-year to 18,235,000 units, while sales increased 12% to 18,269,000 units. Growth rate
The figures for the first half of the year rose by 0.2 percentage points and 0.6 percentage points, respectively, from January to June. Of these, the production volume of new energy vehicles (NEVs) increased by 39.2% to 8,232,000 units, and the sales volume increased by 38.5%.
Sales of new NEVs accounted for 45% of total new car sales. In terms of exports, NEVs led the growth of automobile exports. During the same period, China's NEVs
The number of V exports increased by 84.6% to 1,308,000 units.