China car exports rise while domestic sales fall
Chinese car exports surged in August driven by automakers like BYD expanding overseas. Meanwhile domestic sales dropped for the eleventh straight month amid a weak local market.
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China passenger vehicle exports jumped 77.5% to 894,000 units in August, led by record shipments from BYD CO LTD-H. The export surge contrasts with an 11-month domestic sales decline. Domestic car sales fell 23.7% to 1.55 million vehicles as local demand slowed.
