China’s Monthly Auto Exports Top 1 Million Vehicles for First Time
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China’s monthly auto exports topped 1 million units for the first time in June, as automakers stepped up overseas shipments amid intensifying pressure at home.
Exports jumped 75.1% from a year earlier to 1.04 million vehicles, according to data released Thursday by the China Association of Automobile Manufacturers. New-energy vehicles drove much of the increase, with shipments surging 160% to 523,000 units.
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