Chinese automaker GAC and Germany’s BMW expect sales to grow this year in China, the world’s biggest auto market, as consumption revives from Covid-19 lockdowns, officials said on Saturday.
Guangzhou-based GAC, which has partnerships with Toyota Motor and Honda Motor, expects its full-year sales and production to be positive, said general manager Feng Xingya.
Jochen Goller, head of BMW China, said the carmaker expects “single-digit growth” in China this year.
The executives were speaking at the Beijing International Automotive Exhibition 2020. GAC previously said it aimed to increase sales by three per cent in 2020.
China, GAC Group, Bayerische Motoren Werke AG, Automotive industry
World news – THAT – China’s GAC, BMW expect China sales to grow this year