BEIJING (Info-RE) 17-Aug-17 China's auto sales continued to increase in July, evidence of the steady growth of the world's largest car market, data from China Association of Automobile Manufacturers (CAAM) showed.
Sales and production of new energy vehicles maintained fast growth, and the market share of domestic brands went up in July, said the CAAM without giving further details.
The robust growth came as China has intensified efforts to encourage the use of new energy vehicles to ease pressure on the environment, by offering tax exemptions and discounts for car purchases, and ordering government organizations to buy more new energy cars.
China has been the world's largest car market for eight consecutive years.
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Only going to increase demand for NdPr
Bullish signs..., page-61
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