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Sales in China’s auto market overtook expectations of a 3 percent target by growing 4.7 percent to 24.6 million units last year, the China Association of Automobile Manufacturers said yesterday.
Chinese brands also recouped much of their lost ground in the passenger car market and what also electrified the industry was that sales of new-energy cars charged ahead.
The sales growth marked a modest achievement as the goal was a downward adjustment from the previous 7 percent target made by the association due to China’s sharp market downturn in the middle of last year. The 4.7 percent annual increase was 2.2 percentage points down from that of 2014.
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