Print Edition - 2018-06-13  |  Money Digest

China auto sales rise 7.9 percent in May

BEIJING

Jun 13, 2018-China’s auto sales rose 7.9 percent in May from a year earlier as purchases of electric and gasoline-electric hybrid vehicles more than doubled to 102,000, an industry group reported on Tuesday. Sales of SUVs, sedans and minivans rose to 1.9 million, according to the China Association of Automobile Manufacturers. Total vehicle sales, including trucks and buses, rose 9.6 percent to 2.3 million. Year-to-date sales rose 5.1 percent to 9.9 million, rebounding from 2017’s annual growth of just 1.4 percent. Sales of electric and gasoline-electric hybrids rose 126 percent over a year earlier. Through May, sales of electrics and hybrids rose 142 percent to 328,000. Beijing is preparing to enforce sales quotas to press global automakers to speed up development. (AP)

Published: 13-06-2018 08:33

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