According to Chen Shihua, assistant secretary general at CAAM
, the main reason for NEV sales decline in July is China's move to cut NEV subsidies last month.
China's car sales will reach 28.1 million units in 2019, in line with the level in 2018, CAAM
spokesperson blamed the May decline on some Chinese provinces' implementation of new "China VI" vehicle emission standards well ahead of Beijing's 2020 deadline, a move that caused uncertainty among manufacturers and supply chain disruptions.
assistant secretary general Xu Haidong said the drop was in part down to provinces in China enforcing the country's strict upcoming emissions rules before central government brought them in, which he said was stoking uncertainty among manufacturers.
According to CAAM
, sales of new energy vehicles, as plug-in electric vehicles and plug-in hybrids are referred to in China, grew by more than 60 percent last year, reaching 1.26 million units.
This is a preliminary list and the CAAM
is scheduled to announce its final version on May 28 after going through an appeal process.
According to the China Association of Automobile Manufacturers (CAAM
), car sales in China alone grew by more than 7% in the first half 2016 compared to the same period in the previous year.
Moreover, the World Federation of Acupuncture and Moxabustion Societies (WFAS), the Chinese Association of Integration of Traditional and Western Medicine (CAIM) and the Chinese Association of Acupuncture and Moxabustion (CAAM
) are also attached to the Academy.
According to CAAM
, the sales volume for the period from January to July 2016 increased by 9.8% compared with the same period of last year.
The market share of Chinese automakers edged down 0.7 percentage points to 39.5 percent, according to CAAM
. That followed small but steady gains as the popularity of lower-cost models helped them claw back share this year.