June auto sales accelerate
China’s auto sales grew again in June after two months of decline, data from the China Association of Automobile Manufacturers showed. Some 2.2 million vehicles were sold last month, up 4.5 percent year-on-year, compared with a 0.1 percent decline in May and a 2.2 percent drop in April. Meanwhile, 2.2 million vehicles were produced in June, up 5.4 percent from the same period last year, according to the CAAM. Passenger car sales climbed 2.3 percent to 1.8 million vehicles last month, 2.2 percentage points slower than the overall growth. But both production and sales in new energy vehicles were particularly robust, with 59,000 NEVs sold in June, up 33 percent year-on-year, while 65,000 NEVs were produced, up 43.4 percent.