According to the latest data released by the China Association of Automobile Manufacturers, in November, China's automobile production and sales volume reached 3.532 million and 3.429 million respectively, an increase of 5.1% and 3.2% month on month, and an increase of 2.8% and 3.4% year-on-year. The monthly production exceeded 3.5 million vehicles for the first time, setting a new historical high.

From January to November, the production and sales of automobiles reached 31.231 million and 31.127 million respectively, an increase of 11.9% and 11.4% year-on-year, respectively. The growth rate of production and sales narrowed by 1.3 and 1 percentage point respectively compared to January to October.

Data shows that in November, China's automobile exports reached 728,000 units, a month on month increase of 9.3% and a year-on-year increase of 48.5%. This month's export volume exceeded the 700,000 unit mark for the first time in history. From January to November, automobile exports reached 6.343 million units, a year-on-year increase of 18.7%. Therefore, it is inferred that China's automobile exports are expected to sprint towards 7 million units by 2025.

From January to November, the production and sales of new energy vehicles in China were close to 15 million units, with a year-on-year growth of over 30%. In terms of exports, the number of new energy vehicles exported was 2.315 million, a doubling year-on-year.

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