Car sales in China, the world’s largest auto market, rose in November, as strong demand and policy stimulus continued to cement the recovery from the coronavirus pandemic.
Tesla Passenger car sales grew 8% to 2.1 million vehicles last month from a year earlier, the China Passenger Car Association said Tuesday. In October, sales also rose 8%, Wall Street Journal reports.
China has come to rely on auto spending as a major factor to drive its economic rebound from a coronavirus-induced slump. To boost sales, China’s cabinet and local governments have been easing purchase quotas and giving subsidies to car buyers.
The full year, the industry group said it expects car sales to drop 7% from a year earlier.