Energy News  
CAR TECH
China auto sales increase in May: industry group
by Staff Writers
Beijing (AFP) June 13, 2016


Car sales in China, the world's top auto market, increased at a faster pace in May than the previous month, an industry group reported Monday, despite continued woes in the country's economy.

A total of 2.09 million vehicles were sold in China last month, up 9.8 percent from a year ago, the China Association of Automobile Manufacturers (CAAM) said in a statement.

The numbers were an increase on the 6.3 percent gain posted in April.

The pickup came despite protracted weakness in the world's second-largest economy, where growth slowed to 6.7 percent in the January-March period, the worst quarterly expansion in seven years.

Key economic indicators further deteriorated in May, with official figures released this week showing the increase in fixed-asset investment, a main gauge of infrastructure spending, has slowed to its weakest pace in 16 years.

Some economists have predicted China's expansion will slow further in the second quarter.

Auto sales in the country reached 24.6 million last year, and in October the government sought to boost the market by slashing the purchase tax on passenger cars with small engines.

Sales of passenger cars reached 1.79 million units in May, up 11.3 percent year on year, CAAM data showed.

US automaker General Motors outperformed the overall market, reporting earlier this month a 16.9-percent surge in May sales in the country to nearly 300,000 units on the back of strong demand for its sport utility vehicles, multi-purpose vehicles and luxury cars.

Japanese car manufacturer Toyota sold more than 100,000 vehicles in China last month, up 12 percent year-on-year, according to Chinese media reports.

wf/dly/ds

TOYOTA MOTOR

GENERAL MOTORS


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CAR TECH
Google co-founder fuels flying car labs: report
San Francisco (AFP) June 9, 2016
Google co-founder Larry Page has secretly poured more than $100 million into building flying cars, Bloomberg reported Thursday. Page has backed Zee.Aero while striving to keep his involvement hidden, according to the report that cited unnamed sources described as having intimate knowledge of the flying car startup launched in 2010. "Based in the heart of Silicon Valley, Zee is developing ... read more


CAR TECH
Airbus Defence and Space has completed PeruSAT-1 in less than 24 months

Constraining the composition of Earth's interior with elasticity of minerals

Mapping that sinking feeling

New cheap method of surveying landscapes can capture environmental change

CAR TECH
Russian Glonass-M satellite reaches target orbit

And yet it moves: 14 Galileo satellites now in orbit

Arianespace continues the momentum for Europe's Galileo program on its latest Soyuz flight

China to launch 30 Beidou navigation satellites in next 5 years

CAR TECH
Yellow Meranti tree in Malaysia is likely the tallest in the tropics

Guatemalan drug lords burning forests to land planes

Beetles, the axe: double trouble for prized Polish forest

Survey describes values, challenges of largest shareholder in US forests: Families

CAR TECH
World Biofuel Additives Market is Expected to Reach $12,560 Million by 2022

New understanding of plant growth brings promise of tailored products for industry

Chemistry lessons from bacteria may improve biofuel production

Liquid by-products from forest industry find use in wood-plastic composites

CAR TECH
Novel capping strategy improves stability of perovskite nanocrystals

Sun-powered Solar Impulse 2 aircraft in New York after Statue of Liberty fly-by

Clean Energy Collective Expands Massachusetts Community Solar Portfolio

Perovskite solar cells surpass 20 percent efficiency

CAR TECH
Germany slows pace of green energy transition

Ireland aims for greener future

North Sea countries mull wind energy strategy

Industry survey finds U.S. wind power growing

CAR TECH
NGOs slam Japan for investing abroad in carbon-polluting coal

German police arrest 120 in anti-coal demonstrations

Protesters block Australian coal port

Activists dump coal ahead of climate deal signing

CAR TECH
'Hooligan Sparrow': the film China doesn't want you to see

Hong Kong pro-democracy protester tells court of police 'assault'

Lancome faces growing anger and protests in Hong Kong

Hong Kong student leader Wong acquitted over anti-China protest









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.