According to the China Association of Automobile Manufacturers, from January to August this year, China's automobile production and sales exceeded 20 million units for the first time.

The latest data shows that from January to August this year, China's automobile production and sales volume reached 21.051 million and 21.128 million respectively, an increase of 12.7% and 12.6% year-on-year. Among them, the production and sales of new energy vehicles reached 9.625 million and 9.62 million respectively, an increase of 37.3% and 36.7% year-on-year. The sales of new energy vehicles accounted for 45.5% of the total sales of new cars.

In terms of exports, from January to August, car exports reached 4.292 million units, a year-on-year increase of 13.7%. Among them, the export of new energy vehicles was 1.532 million units, a year-on-year increase of 87.3%.

The relevant person in charge of the China Association of Automobile Manufacturers stated that the "two new" policies continue to be implemented, and policies such as financial subsidies for personal consumption loans are timely introduced. Enterprises are enthusiastic about investing in new car models, and the comprehensive rectification of "internal competition" in the industry continues to show effectiveness. The overall operation of the automobile industry is stable.

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