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Shanghai port witnesses decline in auto imports

Automobile imports via Shanghai port fell 9.8 percent year-on-year to 373,000 last year, according to Shanghai Customs. The value of total auto imports went down by a narrower 4.7 percent to 110.4 billion yuan ($16.5 billion). The average import price for each automobile, however, rose 5.7 percent year-on-year to 296,000 yuan. The European Union was the largest source of imports with 60.9 percent, followed by the United States with 18 percent and Japan with 16.4 percent. Imports of traditional gasoline-fueled vehicles fell but imports of hybrid electric vehicles grew sharply by 57.4 percent to 4,542 units last year.

More NEV charging stations being set up