CAAM: China's auto sector starts steady in Jan

China's automotive industry made a smooth start to the year, bolstered by its car trade-in policy and the vibrant domestic consumption during the Chinese New Year holiday, according to the latest release by the China Association of Automobile Manufacturers (CAAM) on Monday.

The CAAM data showed the total vehicle output across China gained 1.7% on year to reach 2.45 million units in January, although there were less workdays compared to January 2024. Meanwhile, vehicle sales came in at 2.42 million units last month, lower by a small 0.6% on year. On