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China’s car sales shrank further in August, NEV sales fell for 2nd straight month

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s auto sales fell for a 14th straight month in August and sales of new-energy vehicles (NEVs) posted a 2nd straight monthly decline after the government scaled back government subsidies.

China's auto sales fell 6.9 per cent in August from a year earlier to 1.96 million, according to data released by China Association of Automobile Manufacturers (CAAM) on Wednesday. That accelerated from a 4.3 per cent drop in July but still slower than a . . .

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