China’s automobile sales in Mar ’21 stood at 2.53 mn units, higher by 75% y-o-y and 74% m-o-m, according to the latest release by China Association of Automobile Manufacturers (CAAM). Sales grew for the 12th consecutive month which indicate the auto sector’s recovery from COVID-19 pandemic. Meanwhile, the auto production figures were recorded at 2.46 mn units, up 72% y-o-y and 62% m-o-m.
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