China Association of Automobile Manufacturers says June passenger car production
was 2.373 mln and sales 2.402 mln, up MoM 5.9% and 6.6% but down YoY 2.8% and
5.3%. Jan–Jun production/sales were 12.721 mln and 12.720 mln, down YoY 5.9% and
6.0%. The association flags a structural split: domestic demand remains under
pressure while exports are growing rapidly; internal combustion vehicle sales
fell amid high oil-price volatility, while new energy vehicles (NEVs) showed
steady growth and gained share.
