China’s auto sales jump by 30% y-o-y in Jan’21

Automobiles sales in China have recorded nearly 30% year on year growth in the first month of CY’21, according to the recent data released by China Association of Automobile Manufacturers (CAAM). Total sales in Jan’21 were registered at over 2.5 million units compared to 1.94 million units in Jan’20, attributing to solid demand of vehicles.