China's auto sales up 7% in October, with new energy vehicles seeing a 49.6% surge.

China's auto sales rose by 7% in October to 3.05 million units, continuing a trend that saw a 2.7% increase over the first ten months of the year, totaling over 24.6 million units. New energy vehicle (NEV) sales surged by 49.6% to 1.43 million units, while auto exports hit 542,000 units, up 11.1% from last year. These figures reflect improvements in the Chinese economy due to supportive policies.

November 11, 2024
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