Chinese car production to reach 29.7 million by 2020

Tuesday 20th June 2017 | 0 Comments

 
International Organization of Motor Vehicle Manufacturers; ReportLinker
International Organization of Motor Vehicle Manufacturers; ReportLinker
A new report based on International Organization of Motor Vehicle Manufacturers and a ReportLinker algorithm and analysts forecasts that new passenger car sales in China should reach 29.7 million units a year by 2020. This means that between 2017 and 2020, new car sales in that nation will maintain an annualized growth rate (CAGR) of 7.06 per cent. That rate of growth is slower than it has been in recent years up until now, but it remains a sustainable one.

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Category: International News