According to analysis by the China Association of Automobile Manufacturers, in October, the national trade-in policy significantly boosted automobile consumption. Various local auto shows and promotional events were in full swing, and companies introduced new models intensively, driving a sustained rise in the automotive market’s popularity. In October, both monthly and annual growth in car sales was achieved. The passenger car market continued to improve due to multiple positive factors, while the commercial vehicle market showed relatively weak performance. However, new energy vehicles (NEVs) and aut
In October, the production and sales of NEVs reached 1.463 million and 1.43 million units, respectively, marking year-on-year increases of 48% and 49.6%. NEV sales accounted
From January to October, NEV production and sales totaled 9.779 million and 9.75 million units, respectively, with year-on-year increases of 33% and 33.9%. NEV sales accounted for 39.6% of total new car sales.
