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China vehicle sales fall 20% in September: Industry body

China vehicle sales fall 20% in September: Industry body

Cars are seen in a traffic jam during evening rush hour in Beijing, China on Apr 8, 2020. (Photo: Reuters/Tingshu Wang)

BEIJING: China's auto sales slumped 19.6 per cent in September from a year earlier, industry data showed on Tuesday (Oct 12), falling for a fifth consecutive month as a prolonged global shortage of semiconductors disrupts production.

Sales in the world's biggest car market totalled 2.07 million vehicles in September, data from the China Association of Automobile Manufacturers (CAAM) showed.

One bright spot in the data was the strong sales of new energy vehicles, which more than doubled in September to 357,000, thanks to the government's promotion of greener vehicles to cut pollution. These include battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles.

Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago, and up 27 per cent from 44,264 in August.

Chinese EV makers Nio and Xpeng delivered more than 10,000 vehicles each last month. Volkswagen AG said it sold 10,126 ID. series EVs in China in September.

A prolonged global chip shortage has unsettled major automakers including Ford Motor, Honda Motor, General Motors and Volkswagen, forcing many to idle or curtail production.

Chen Shihua, a senior official at CAAM, said the chip supply shortage eased in China last month and the industry body now expects the supply to improve further in the final three months this year.

Source: Reuters/zl

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