CHINA AUTO: Vehicle output, sales surge in February, boosting upstream materials markets
Published: Friday, 12 March 2021
Chinese automotive production surged by 418.9% year-on-year in February 2021, and sales leapt upward by 364.8% year-on-year, which maintained support for most upstream materials prices.
By Susan Zou, Hui Li, Carrie Shi, Miranda Song,
Carmakers in the country produced 1.50 million units in
February, up by 418.9% from a year before, with sales totaling
1.46 million units, up by 364.8% year-on-year, the China
Association of Automobile Manufacturers (CAAM) said on Thursday