China's automobile production and sales have achieved double growth in the first 10 months of the year, industrial data showed Monday.
From January to October this year, the automobile production and sales nationwide reached 24.466 million and 24.624 million respectively, up 1.9 percent and 2.7 percent year on year respectively, according to the data released by the China Association of Automobile Manufacturers.
In October alone, automobile production and sales reached 2.996 million and 3.053 million respectively, up 7.2 percent and 8.7 percent month on month, and up 3.6 percent and 7 percent year on year respectively.
In terms of new energy vehicle (NEV) sales, the production and sales of NEVs in October reached 1.463 million and 1.43 million respectively, up 48 percent and 49.6 percent year on year respectively.
The sales of NEVs accounted for 46.8 percent of the total new car sales nationwide in October.
From January to October, the production and sales of NEVs reached 9.779 million and 9.75 million respectively, up 33 percent and 33.9 percent year on year respectively. The sales of NEVs accounted for 39.6 percent of the total sales of new vehicles across the country in the 10-month period.
China's auto production, sales realize double growth in first 10 months
