China’s auto sales stay good in Oct, NEVs outstanding
Nov 12, 2020 13:30
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In October, China’s auto sales persisted on the uptrend, up 0.1% on month or 12.5% on year to 2.6 million units, and among the total, new-energy vehicles (NEVs) sales grew more remarkably, jumping 13.9% on month or 104.5% on year, according to the latest data from the China Association of Automobile Manufacturers (CAAM) on November 11.
Last month, China’s NEVs sales had been on the on-year rise for fourth straight month, and it had also refreshed the high in monthly sales volume, amounting to 160,000 units, Mysteel Global noted from the data.
On the boost of higher sales, China’s auto production in October also gained 0.9% on