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China’s production and sales of new energy vehicle hit new high in October
Source:Adsale Plastics Network    Editor:JK    Date:17.Nov.2021

In October, China’s automotive production and sales were 2.33 million and 2.33 million respectively with a month-on-month increase of 12.2% and 12.8%, according to China Association of Automobile Manufacturers (CAAM).

 

The growth rate of new energy vehicles, in particular, was significant. The production and sales of new energy vehicles reached a record high of 397,000 and 383,000 respectively, and continued to grow month-on-month and year-on-year.


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China’s production and sales of new energy vehicle increased in October.


Among the main types of new energy vehicles, the production and sales of all electric and hybrid vehicles recorded month-on-month growth. The growth was remarkable when compared with the same period last year,.

 

Specifically, production and sales of passenger cars were 1.988 million and 2.007 million respectively, up 12.5% and 14.6% month-on-month, and down 4.7% and 5.0% year-on-year. For commercial vehicles, production and sales were 342,000 and 326,000 respectively, representing a month-on-month increase of 10.0% and 2.5%, and a year-on-year decrease of 26.9% and 29.7%.

 

Among the major types of commercial vehicles, the production and sales of trucks showed a month-on-month increase while of passenger cars showed a decrease. When compared with the same period of the previous year, the production and sales of trucks and buses both decreased where the decline of passenger cars was rather obvious.

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