The latest data released by the China Association of Automobile Manufacturers on November 11 shows that from January to October this year, China's new energy vehicle production and sales continued to achieve robust growth. Notably, in October, monthly new energy vehicle sales exceeded 50% of total new vehicle sales for the first time.

The latest figures show that from January to October this year, China's automobile production and sales reached 27.692 million units and 27.687 million units respectively, both growing by over 10% year-on-year. Among these, new energy vehicle production and sales amounted to 13.015 million units and 12.943 million units respectively, representing year-on-year increases of 33.1% and 32.7%. Notably, in October, monthly sales of new energy vehicles exceeded 50% of total new vehicle sales for the first time, reaching 51.6%. Regarding exports, from January to October this year, new energy vehicle exports totaled 2.014 million units, a year-on-year increase of 90.4%.

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