On February 17, the China Association of Automobile Manufacturers released a brief analysis of the production and sales of commercial vehicles in January 2023. Production and sales stood at 197,000 and 180,000 units respectively, down 23.9% and 38.1% MoM respectively and 43.1% and 47.7% YoY respectively. According to the China Association of Automobile Manufacturers, in January 2023, commercial vehicle companies resumed production late post Chinese New Year holiday. And it will still take time for the market demand to recover after the Chinese New Year.
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