China’s April Auto Sales Rise 8.6%, Up for 13th Straight Month

Sales reached 2.25 million vehicles in April, data from the China Association of Automobile Manufacturers (CAAM) showed.

Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, maintained their strong sales momentum, jumping 180%, with 206,000 units sold in the month.

NEV makers, such as Nio Inc, Xpeng Inc and Tesla Inc, are expanding manufacturing capacity in China, encouraged by a policy of promoting greener vehicles to cut pollution.

(Reporting by Yilei Sun and Tony Munroe; Editing by Himani Sarkar and Clarence Fernandez)