Second-hand vehicle transactions continued to rebound last year with 14.341 million second-hand vehicles traded, the Ministry of Commerce said on Wednesday. The value of transactions or service activities generated during the use of sold cars exceeds RMB 1 trillion.
According to statistics from the China Automobile Dealers Association, in 2020, 14.341 million second-hand vehicles were traded with a transaction volume of 888.84 billion yuan, indicating a continuing recovery.
In 2020, 2.398 million scrapped motor vehicles were recycled and disassembled, a year-on-year increase of 4.5%, statistics from the Ministry of Commerce show.
In 2020, the output value of the auto modification market was 65.2 billion yuan, a year-on-year increase of 7.1%.
As of the end of last year, China had registered a total of 214 online car-hailing platform companies with operating licenses. In the fourth quarter, online car-hailing platforms across the country handled 2.1 billion orders.
As of the end of last year, China reported 1.681 million registered charging infrastructure units, an increase of 37.9% over the end of 2019. 807,000 charging piles were government-funded and 874,000 were privately-run.
