China Car Sales Fell in January Amid Holiday, Covid Disruptions
- New-energy vehicle sales jumped 132% to 347,000 units
- PCA calls for stimulation of gasoline-powered car sales
Customers browse a Hyundai Motor Co. Genesis GV80 crossover sport utility vehicle on display in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Sales of passenger vehicles in China slipped 4.5% last month as factories halted production due to Covid prevention measures and as automakers took a breather ahead of the important Lunar New Year holiday.
Total car sales fell to 2.1 million units in January, data from the China Passenger Car Association released Monday show. Deliveries of new-energy vehicles however more than doubled to 347,000 units. Tesla Inc., the U.S. electric car pioneer that has a factory in Shanghai, was the No. 1 seller of such cars during the month, shipping 59,845 vehicles including 40,499 for export.