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11 Oct
10:59

China’s September auto production hits 2022 high

Despite disruptions resulting from domestic Covid-19-related restrictions and global inflation, policies such as the halving of car purchase tax have stimulated automotive consumption in the peak season. This pushed up monthly output to a 2022 high in September, Kallanish observes. Monthly car output was at 2.672 million units, rising 11.7% on-month and 28.1% year-on-year, according to the China Association of Automotive Manufacturers (CAAM). Year-to-date producti…
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