CAAM: Production and Sales of Commercial Vehicles Showed Rapid Growth in February

According to the statistical analysis of the China Association of Automobile Manufacturers, in February 2023, the production and sales of commercial vehicles showed rapid growth. China produced 317,000 units of commercial vehicles in February, up 61% on the month and 13.5% on the year. 324,000 units of automobiles were sold in February, up 79.4% month on month and 29.1% year on year. From January-July, output and sales stood at 514,000 units and 504,000 million units, down 17.8% and 15.4% year-on-year respectively.