Chinese-brand passenger vehicle sales up 26.7% in January-February

BEIJING -- Sales of Chinese-brand passenger vehicles soared 26.7 percent year-on-year in the first two months of 2024, industry data showed.

About 2.07 million such vehicles were sold during the period, according to the China Association of Automobile Manufacturers.

The market share of domestic-brand passenger vehicles rose 7.6 percentage points year-on-year to 59.9 percent during the period.

In February alone, some 791,000 such vehicles were sold, with the market share up 6.5 percentage points year-on-year to 59.4 percent.