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在线翻译:
szdaily -> Business -> 
Auto sales head for rebound this year: CAAM
    2021-01-14  08:53    Shenzhen Daily

THE country’s vehicle sales fell for a third consecutive year in 2020, but year-on-year sales rose for a ninth straight month in December as the country continued to lead the global automobile industry’s recovery from the COVID-19 pandemic.

China’s auto sales fell 1.9 percent to 25.3 million vehicles last year from 2019, the China Association of Automobile Manufacturers (CAAM) said yesterday.

Sales in the world’s biggest auto market rose 6.4 percent in December from a year earlier to reach 2.83 million vehicles. But the pace of growth slowed sharply from a 12.6 percent year-on-year rise in November.

China’s automobile industry was hard hit by the pandemic in early last year but started to bounce back in the second quarter of 2020 along with the rest of the economy as the country managed to get the coronavirus largely under control.

The CAAM said that it expects vehicle sales to rise by around 4 percent to 26.3 million vehicles in 2021, thanks to supportive government policies and automakers’ discounts.

Passenger vehicle sales fell 6 percent for the full year of 2020, data from the CAAM showed.

For commercial vehicles, which constitute around a quarter of the overall market, sales surged 19 percent, driven by government investment in infrastructure and as buyers upgraded to comply with tougher emissions rules.

Automakers including Toyota and Great Wall Motor reported sales growth in China last year.

Ford Motor Co. said yesterday it sold 602,627 vehicles in China last year, up 6 percent from 2019, its first annual growth in the world’s biggest car market since 2017.

After a peak of 1.08 million vehicles in 2016, Ford’s sales began faltering in late 2017. In the past three months, Ford sold 190,916 vehicles, up 30 percent from the same period last year.

In China, Ford makes cars through Jiangling Motors Corp. (JMC), in which it has a stake, and a joint venture with Chongqing Changan Automobile Co.

Sales of new energy vehicles (NEVs) in 2020 increased 11 percent from 2019 to 1.37 million units. NEVs include battery-powered electric, plug-in petrol-electric hybrid and hydrogen fuel-cell vehicles.

In December alone, NEV sales surged 49.5 percent year on year, the data showed.

(SD-Agencies)

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