China’s vehicle sales rose 27.4 per cent year on year and 4.1 per cent month on month in November, reaching 2.97 million units, latest data from the China Association of Automobile Manufacturers showed Monday.
The nation’s vehicle output in the same month hit 3.09 million units, up 29.4 per cent year on year and 7 per cent compared to the previous month, the data showed.
In a report, the association said that the vehicle market’s performance exceeded expectations in November when monthly vehicle output hit a record high while sales reached almost 3 million units.
During the first 11 months of this year, vehicle production and sales hit 27.11 million and 26.94 million units, growing by 10 per cent and 10.8 per cent year on year, the data showed.
Data released Monday also revealed that in the January-November period, the new energy vehicles production and sales hit 8.43 million and 8.30 million units, surging 34.5 per cent and 36.7 per cent year on year.
In November alone, production and sales of new energy vehicles hit 1.07 million and 1.03 million units, respectively, up 39.2 per cent and 30 per cent year on year, data showed. The association said in the report that it also marked the first time that monthly production and sales of new energy vehicles both surpassed 1 million units.
In November, the country’s vehicle exports hit 482,000 units, up 46.3 per cent year on year, even though the volume dipped by 1.1 per cent compared to the previous month, the data showed. Exports totalled 4.41 million units in the January-November period, up 58.4 per cent year on year.
