Car exports set record in July

China’s exports of automobiles reached a new monthly record in July, industry data showed. The country’s auto firms exported about 290,000 units of cars last month, up 67 percent year-on-year and 16.5 percent over June, according to the China Association of Automobile Manufacturers. July’s exports of new energy vehicles or NEVs totaled 54,000 units, surging nearly 90 percent over June. In the first seven months of 2022, automobile exports reached about 1.51 million units, with passenger vehicles taking the lion’s share. Car exports for the full year might top 2.4 million units, the association estimated.