China's auto sales decline 5% in July, exports increase 20% due to electric vehicle growth.

China's auto sales decline by 5% in July compared to last year, reports China Passenger Car Association. However, automobile exports increase by 20% year-over-year, mainly due to electric vehicle manufacturers' growth in global markets. This export boost is a response to counterbalance the domestic sales decline, with Chinese automakers expanding internationally.

August 09, 2024
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