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UPDATE 1-China's April auto sales rise 8.6%, up for 13th straight month

05/12/2021 02:26
UPDATE 1-China's April auto sales rise 8.6%, up for 13th straight month

Adds sales figure for new energy vehicles

- Vehicle sales in China rose 8.6% in April versus the same month a year earlier, their 13th consecutive month of gains, industry data showed on Wednesday, as the world's biggest car market leads the sector's recovery from the COVID-19 pandemic.

Sales reached 2.25 million vehicles in April, data from the China Association of Automobile Manufacturers (CAAM) showed.

Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, maintained their strong sales momentum, jumping 180%, with 206,000 units sold in the month.

NEV makers, such as Nio Inc NIO.N, Xpeng Inc XPEV.N and Tesla Inc TSLA.O, are expanding manufacturing capacity in China, encouraged by a policy of promoting greener vehicles to cut pollution.


(Reporting by Yilei Sun and Tony Munroe; Editing by Himani Sarkar and Clarence Fernandez)

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