Banter and General Comments, page-7753

Hardly slowing down ... Eh

BUSINESS NEWS

JULY 10, 2019 / 4:49 PM / UPDATED AN HOUR AGO

China June auto sales down 9.6%, marks 12th month of decline: industry data


https://www.reuters.com/article/us-...-month-of-decline-industry-data-idUSKCN1U50LC

However, sales of new energy vehicles (NEVs) continued to grow, with an 80% uptick in June to 152,000 vehicles, bringing NEV sales in the first half to 617,000, an increase of almost 50% from a year earlier.

NEVs include plug-in hybrids, battery-only electric vehicles and hydrogen fuel cell vehicles. China, blighted by air pollution, has been a keen supporter of NEVs, requiring automakers to meet production quotas.

Last year, NEV sales in the country jumped almost 62% even as the broader market shrank.