Carmakers in China produced 2.91 million automobiles in December, up by 2.4% from the same month a year earlier. December’s output is also 12.5% higher than November
, the association said on Wednesday January 12.
But sales dipped by 1.6% year on year to 2.79 million units last month despite being 10.5% higher than in November, according to CAAM data.
For the whole year of 2021, China’s automobile output totaled 26.08 million while sales amounted to 26.28 million units.
These represent increases of 3.4% and 3.8% respectively from 2020, snapping annual declines that began in 2018.
New energy vehicles (NEVs) continued to perform, with 2021 full-year sales jumping nearly by 160% to 3.52 million units, CAAM data showed. That brought NEVs’ market share to 13.4%, suggesting the sector has weaned itself from policy support and become market-driven, the CAAM...