KURE - China's vehicle sales up 8.4% in August to 2.582 million units

2023-09-11 05:23:59 ET

• China's vehicle sales rose 8.4% year-on-year to 2.582 million units in August, marking a return to growth following a 1.4% decline in the preceding month, data from the China Association of Automobile Manufacturers showed Monday.

• Specifically, sales of energy vehicles posted a 27% increase.

• Considering January to August, new vehicle sales grew by 8% compared to the 1.7% increase recorded during the same period in 2022.

• Notably, energy vehicle sales saw a substantial surge of 39.2% during this timeframe.

• Most recently, Chinese car sales hit record for August; Tesla deliveries up .

• ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).

• Now read, China consumer inflation turns positive in August; PPI drops the least in 5 months .

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