Sales of heavy trucks rise 2% YoY in Jul

Sales of NEVs recorded 217,900 units in June, up 181.7% on the year and 22.8% on the month, achieving positive growth for the second consecutive month.

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

In early August, automobile output by 11 key Chinese automakers stood at 1.11 million units, down 15.8% from early July, but up 46.4% from the same period last year, while sales came in at 939,000 units, down 0.3% month on month and 4.2% year on year, according to data from China Association of Automobile Manufacturers (CAAM).

About 175,000 heavy trucks are estimated to have been sold in China last month, jumping 62% from the same month of 2019, cvworld.cn. reported on Tuesday.

About 180,000 heavy trucks are estimated to have been sold in China in April, up 50% month on month and 52% year on year.

More than 90,000 heavy trucks were sold in China in December

China’s heavy trucks sales in January-November rose 1.6% year on year

About 94,000 of heavy trucks were sold in China last month, up 3% from a month ago and 5.3% from a year ago

About 91,000 of heavy trucks were sold in China in Oct, up 8.3% from a month ago and 14.1% from a year ago

Sales of heavy trucks in China shrank 8.84% from Apr to stand at 108,300 units in May