Embattled Chinese carmakers reported recovery in sales in May, but not out of Covid-19 woods yet
China’s embattled automobiles sector saw a ray of hope in May, as key carmakers wooed customers and improved sales by offering discounts.Geely Automobile Holdings reported strong sales last month. It said on the weekend that its sales jumped 20 per cent from a year ago to 108,822 units. Lynk, its premium car brand, saw sales jump 27 per cent to 12,950 units.JAC Motors, whose parent Anhui Jianghuai Automobile Group set up a 50-50 new energy vehicle venture with Volkswagen last month, said its…
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Market news summary from South China Morning Post Market News.
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