CHINA AUTO: Output, sales rise in December but both down 2% in 2020
Published: Thursday, 14 January 2021
Chinese automotive output and sales dipped by just 2% in 2020 from a year earlier after a sustained recovery in the second half of the year. Continuous year-on-year growth in December in both sales and output continued to provide support to upstream raw material prices.
China produced 25.23 million vehicles in 2020 while sales
amounted to 25.31 million units, according to data released by
the China Association of Automobile Manufacturers (CAAM) on
Wednesday January 13.
Automotive output and sales in China have both gradually
recovered since April 2020, after the Covid-19 outbreak in the