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CAAM: China's auto production and sales both exceed 25 million units in 2020

On January 13, China Association of Automobile Manufacturers (CAAM) announced the auto production and sales data for 2020 in China. In 2020, China's auto production and sales were about 25.23 million units and about 25.31 million units respectively, down by 2% and 1.9% YOY. Auto sales are expected to exceed 26 million units in 2021, indicating positive recovery growth, CAAM said.