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09 Jun
08:36

Chinese auto production rebounds in May

Chinese automobile production achieved a significant growth in May and thus climbed to the second highest level year-to-date. This was due to support from sales subsidies given by car manufacturers and governments, Kallanish learns. May production of vehicles in China came to 2.33 million units, hiking 9.4% on-month and 21.1% year-on-year, according to data from the China Association of Automotive Manufacturers (CAAM). The low base last year caused by city-wide lo…
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