Exports behind growth of car sales

Except for a relatively sluggish commercial vehicle market, China's total automobile sales, new energy vehicle production and sales, and automobile exports all exceeded prior expectations in 2024, said the China Association of Automobile Manufacturers on Monday.

Last year, the country achieved cumulative automobile production and sales of 31.28 million and 31.44 million units, up 3.7 percent and 4.5 percent year-on-year, respectively, setting records and surpassing the previously set full-year sales target, CAAM said during its latest monthly information release conference.

The reading also marks the 16th consecutive year that the nation has maintained annual production and sales volumes exceeding 30 million units, securing its position as the world's largest automobile market.