China Automobile Production and Sales Falls for Third Consecutive Month

SHANGHAI, July 13 (SMM) – Based on data from the China Automotive Technology and Research Center (CATARC), during the 1H 2010, China’s automobile output was 8.47 million vehicles, up 44.37% YoY, and with 7.19 million vehicles sold, up 30.45% YoY.  These results keep China at the top of global automobile markets. However, China’s automobile output was down 1.41% from May, with 1.29 million vehicles manufactured in June, and with 1.13 million vehicles sold, down 5.25% on a monthly basis. This was the third consecutive month of decline, and an indication that China’s automobile industry is facing strong challenges. 

At present, China is continuing subsidy programs for low-emission and new-energy use automobiles, but the positive impact from those incentives is likely to fall. Hence, SMM believes development of China’s automobile industry and demand for automobile lead-acid batteries will continue to grow at reasonable rates during 2H 2010.

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn