ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

China passenger car sales in May mark first gain in 2 years

Government subsidies help vehicle purchases rebound sharply

China's new-vehicle sales have grown for two months, logging a 14.5% gain on the year in May to reach 2.194 million units.   © EPA/Jiji

SHANGHAI -- New-vehicle sales in China have increased the past two months, recording 14.5% annual growth in May to 2.194 million units and stoking optimism in the world's largest auto market, which had slumped due to the coronavirus pandemic.

The news reflects continued growth in the sector, which rose 4.4% in April.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more