China's Auto Sales To Grow 5 Pct In 2022
Faizan Hashmi Published January 17, 2022 | 03:15 PM
Chinese auto sales are likely to rise 5 percent year on year in 2022, the China Association of Automobile Manufacturers (CAAM) said
Total sales are expected to reach 27.5 million units for the full year of 2022, CAAM Executive Vice-President Fu Bingfeng told a press conference.
8 percent to reach 26.28 million units, CAAM data showed.
While the impact of epidemic prevention and control measures on the market will gradually weaken, China's auto market will maintain growth in 2022 driven by huge demand potential, the gradual easing of chip shortages, and the strong demand for new energy vehicles, according to Fu.