China's Car Sales Growth Slowed in May
June 08 2021 - 5:40AM
Dow Jones News
By Trefor Moss
Growth in China's car sales slowed in May as a global chip
shortage delayed car deliveries and the world's largest auto market
entered the slack season.
Sales of passenger cars hit 1.62 million vehicles last month, up
1% from a year earlier, the China Passenger Car Association said
Tuesday. April sales grew 12% from a year ago, when the market was
still struggling under the pandemic.
Sales of electric cars in May surged 177% to 185,000 vehicles
from a year earlier, the association said, continuing to outpace
the overall car market, as more consumers are willing to own
electric cars.
Last month, Tesla Inc. sold 21,936 made-in-Shanghai vehicles in
China while exporting 11,527 cars overseas, the association's data
showed. In April, the association reported that Tesla had sold
11,671 cars in China, down from 35,478 the month before.
Write to Trefor Moss at Trefor.Moss@wsj.com
--Raffaele Huang contributed to this article.
(END) Dow Jones Newswires
June 08, 2021 05:27 ET (09:27 GMT)
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