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12 Jan
11:26

China's auto industry thrives in 2023 despite Covid

China’s automotive production dived deeper in December 2022 because of consumption disruptions resulting from the first wave of Omicron, but the industry still achieved an increase in both production and sales throughout the year, Kallanish observes. In the reporting month, China produced 2.383 million vehicles, down 0.3% month-on-month and 8.4% year-on-year, according to the China Association of Automotive Manufacturers (CAAM). This took annual output…
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