China's imports of automobiles and parts in the first half of the year rose 56.5 percent to $48.32 billion, according to data released Tuesday by the China Association of Automobile Manufacturers (CAAM).
In the first half of the year, China's exports of automobiles and parts amounted to $50.78 billion, up 66.2 percent year-over-year.
China's total imports and exports of automobiles and parts in the first half of the year was $ 99.1 billion, an increase of 61.3 percent.
In the first half of the year, China imported a total of 535,000 vehicles, up 48.3 percent year-over-year, amounting to $28.73 billion, up 67.9 percent year-over-year.
During the same period, a total of 939,000 vehicles were exported, up 1.1 times year-over-year, and the amount was $14.69 billion, up 1.2 times year-over-year.
In the first half of the year, the import value of auto parts and accessories was $19.58 billion, up 42.2 percent year-over-year, and the export value was $36.09 billion, up 51.6 percent year-over-year.
At a time when the global auto industry is facing a supply chain crisis including chip shortages and battery shortages, China's auto exports have shown great resilience.
New energy vehicle exports are expected to become an important breakthrough for China's auto industry to expand overseas markets, and there is still more room for China's auto exports to grow in the future, chinanews.com quoted experts as saying.
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