BEIJING — Car gross sales in China, the world’s largest automotive market, will doubtless rise 5.4% to hit 27.5 million in 2022, the nation’s high auto business physique mentioned.
Of the entire, gross sales of recent vitality autos is predicted to develop 47% to five million, the China Affiliation of Car Producers (CAAM) mentioned in an announcement printed on its official WeChat account.
For 2021, CAAM expects gross sales to rise 3.1% year-on-year to 26.1 million, with new vitality autos gross sales rising 1.5 occasions to three.4 million.
Disrupted by a chronic world scarcity of semiconductors, China’s auto gross sales dropped 9.1% in November from a 12 months earlier, marking their seventh consecutive month-to-month fall, CAAM knowledge confirmed earlier this month.
(Reporting by Sophie Yu and Brenda Goh; Modifying by Devika Syamnath)
