China’s NEV market sees robust expansion in October
/ Our Today
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China’s new energy vehicle (NEV) market saw a remarkable expansion in October, with both production and sales surging, industry data showed last Thursday (November 10).
The output of NEVs in the country reached 762,000 units last month, up 87.6 per cent year on year, according to the China Association of Automobile Manufacturers. The sales of NEVs rose 81.7 per cent from a year earlier to 714,000 units.
From January to October, both NEV output and sales expanded 110 per cent year on year, with the market share of such vehicles hitting 24 per cent, the association said.
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