China’s Vehicle Production to Drop 11.5 Percent This Year: IHS Markit

Robotic arms paint a car at the BYD Automobile Company Limited Xi’an plant, in Shaanxi Province, China, on Dec. 25, 2019. China Daily via Reuters

BEIJING—China’s light vehicle production will drop 11.5 percent this year to around 21.6 million vehicles and will rebound by 7.5 percent next year, research firm IHS Markit predicted on April 6.

Production and demand for vehicles have been hammered across the world by lockdowns aimed at curtailing the coronavirus outbreak, which has spread from China to Europe, the United States and elsewhere.