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China first-half car sales on the rise

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Car sales in China increased to 11.68 million vehicles in the first half of 2014, according to the China Association of Automobile Manufacturers.

AFP reports that this was an increase of 8.4 per cent compared to last year. In addition, June sales rose by 5.2 per cent compared to the same time last year.

In terms of passenger vehicles, sales rose by 11.2 per cent to 9.63 million in the first half of the year.

China is the largest car market in the world and it is becoming more and important to foreign car markets.

Earlier this month, German carmaker Volkswagen announced it will build two new manufacturing facilities in China. The two plants will be in the eastern city of Qingdao and the northern city of Tianjin.

The company said in a statement the two locations were chosen by Volkswagen along with joint venture partner FAW. The key site factors were high qualification levels and the infrastructure available.

And French car maker PSA Peugeot Citroen will also build a new manufacturing plant in the city of Chengduin in Western China with its new shareholder Dongfeng. It will be the company’s fourth plant in the country.

PSA Peugeot Citroen said in a statement the new plant for Dongfeng Peugeot Citroën Automobile (DPCA) will be built to support growth in its unit sales. Work on the facility will start later this year and the first car is scheduled to roll off the new assembly lines in late 2016.

Image:wikipedia

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