China's car exports stay strong in August but domestic sales decline more
DRIV•Exports stay strong as domestic sales weaken
BEIJING, Sept. 8 (Reuters) - China's car exports stayed robust in August as BYD 1211.HK and other automakers 002594.SZ shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market where their sales fell for the 11th month in a row.
Passenger vehicle exports jumped 77.5% from a year earlier to 894,000 units in August, easing from an increase of 88.2% a month earlier, data from the China Passenger Car Association showed on Tuesday.
Sales at home fell 23.7% to 1.55 million vehicles, worsening from a decline of 21.1% in July.
Electric vehicle and plug-in hybrid sales, accounting for 64.7% of total domestic sales, shrank 10.1% on year in August, widening a 3.9% drop a month earlier. Meanwhile, export growth in the segment accelerated to 154.7% from 147.8% in July.
