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World / Asia

China's Auto Exports Grow 57.4 percent Year on Year

Published: 12 Jul 2022 - 01:02 pm | Last Updated: 12 Jul 2022 - 01:33 pm
File image used for representation only

File image used for representation only

QNA

Beijing: China's auto exports sustained their growth momentum last month, hitting a record high and soaring 57.4 percent year on year, industry data showed on Monday.

According to China's news agency (Xinhua), China Association of Automobile Manufacturers said that in June, auto companies exported a total of 249,000 vehicles, climbing 1.8 percent from a month earlier.

Some 198,000 passenger cars were exported last month, jumping 65.6 percent from the previous year, and exports of commercial vehicles stood at 51,000 units, an increase of 32.4 percent, the association said.

In the first half, China's auto exports rose 47.1 percent year on year to nearly 1.22 million units.

New energy vehicles have become a bright spot of China's auto exports, with some Chinese brands entering the markets of developed countries such as many in Europe, with growing global recognition and increasing competitiveness, the association noted.