CAAM: China's auto exports top 1 million units again in October, but risks loom

Source: Mysteel Nov 11, 2026 18:19

China's automobile exports remained resilient in October, exceeding 1 million units for the fifth consecutive month, according to the China Association of Automobile Manufacturers (CAAM). However, external shocks like EU's safeguard investigation into hybrid vehicles are having an increasingly pronounced impact on the sector, while a reduction in China's export tax rebates for new energy vehicles (NEV) will squeeze manufacturers' profit margins further, it suggested in its latest release on November 11.

China's automobile exports remained strong in October, exceeding 1 million units for the fifth consecutive month, according to the China Association of Automobile Manufacturers (CAAM). However, external shocks like the EU's safeguard investigation into hybrid vehicles have the potential to profoundly impact the sector, while a reduction in China's

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