China car sales maintain growth pace in 2024, EV and hybrid sales hit record

Quick Summary:

BEIJING: China's car sales maintained their growth pace in 2024 as sales of electric vehicles and plug-in hybrids in the world's largest auto market hit a record high amid a brutal price war and with subsidised trade-ins for greener vehicles driving purchases.

Over 60 per cent of the subsidised purchases went to NEVs, per official data.

A multi-storey car park is seen next to an apartment building at a housing estate in Jinan, Shandong province, China, on Mar 12, 2017.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Cent Trade-in Purchases Year China 2024 Growth Million Vehicles Sales Auto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 18:52:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24997321

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 58 minutes ago

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