Sep 09, 2023 02:55 AM

BUSINESS

Chinese Car Sales Hit Record High for August on Export Growth

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Deliveries of China-made electric vehicles and plug-in hybrids reached 716,000, up 35% from August 2022

Deliveries of China-made electric vehicles and plug-in hybrids reached 716,000, up 35% from August 2022

(Bloomberg) — China delivered 2.24 million cars wholesale in August, the most for a month this year and a record high for what is usually a slow period.

Deliveries of China-made electric vehicles and plug-in hybrids reached 716,000, up 35% from August 2022, the China Passenger Car Association (CPCA) said Friday.

CPCA Secretary General Cui Dongshu said exports are “the key reason” for the strong vehicle sales.

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