In early May (May 1-10), production and sales of automotive vehicles of 11 major automobile production enterprises in China amounted to 429,000 and 351,000 units respectively, down 19.0 percent and 19.9 percent month on month due to the Labor Day holiday, while rising by 2.0 percent and declining by 13.9 percent year on year, as announced by the China Association of Automobile Manufacturers (CAAM).
As previously reported by SteelOrbis, in April this year production and sales of automotive vehicles in China amounted to 2.102 million units and 2.07 million units, respectively, up 46.6 percent and 43.5 percent month on month due to the revival of industrial operations following the implementation of measures to control the Covid-19 virus.