BEIJING/SHANGHAI (Reuters) – China’s car gross sales are prone to hit 25 million models this yr, an business physique mentioned, because the world’s largest car market continued to guide the worldwide auto business restoration from lows hit through the COVID-19 pandemic.
Fu Bingfeng, government vice chairman of the China Affiliation of Car Producers (CAAM), informed an annual convention of the affiliation in Beijing on Friday that CAAM expects Chinese language gross sales this yr of over 20 million passenger automobiles and 5 million industrial automobiles, which embody vehicles and buses.
CAAM additionally expects Chinese language gross sales to modestly develop subsequent yr and hit 30 million models in 2025, Fu mentioned. China offered 25.77 million automobiles final yr.
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