⁍ China’s 2020 auto production and sales may possibly be close to last year’s levels should they keep growing in the fourth quarter, an official said.
⁍ Wu Wei made the comments at an industry conference in China’s northwestern city of Xian.
⁍ In a separate speech, Chinese commerce ministry official Hu Jianping forecasted that China’s total vehicle ownership could hit around 280 million units by the end of this year.
– China’s auto sales may be on track to match last year’s record sales levels by the end of this year, an official with the country’s National Development and Reform Commission said at an industry conference in Xian on Wednesday, per Reuters. Wu Wei, an official with the commission, said auto production and sales may be close to last year’s levels should they keep growing in the fourth quarter. In a separate speech at the same event, Chinese commerce ministry official Hu Jianping said China’s total vehicle ownership could hit around 280 million units by the end of this year.
Source: https://www.reuters.com/article/us-china-autos/chinas-2020-auto-production-and-sales-could-return-to-2019-levels-government-official-idUSKBN27604Y