China's electric vehicle (EV) sales reached an all-time high in October amid a strong global market, reaching a remarkable 54 percent year-on-year increase and contributing significantly to global market growth.
According to Rho Motion, a UK-based research firm, 1.2 million electric vehicles were sold in the Chinese market in October, up 54 percent on a yearly basis. Globally, over 1.7 million EVs were sold in the month, marking a 35 percent growth compared to the previous year. Year-to-date, the Chinese EV market has grown by 38 percent, while the global market has increased by 24 percent.
This October also marked a new record for global EV market, overtaking the previous high set in September, achieving back-to-back months of record sales. Charles Lester, Data Manager of Rho Motion, noted that the global EV market is rebounding, with much of the growth driven by China.
EV sales of China, world reach record high in October
The Peruvian capital of Lima will soon see the completion of a major flood control project built by a Chinese company.
It does not rain frequently in Lima, but the Huaycoloro River overflowed in 2017 due to unusual heavy precipitation, affecting 30,000 families living along the river.
The 10.5-kilometer flood control project built by China International Water and Electric Corp. is set to be completed in January 2025.
"Extreme weather like El Nino can lead to flash floods and other natural disasters, So, such a project was launched," said Liu Hongmin, project manager with China International Water and Electric Corp.
The company has completed nearly 20 projects in Peru in fields including hydropower, flood control, road, bridge, power transmission and mining.
Peru is hosting APEC 2024, with the APEC Economic Leaders' Week underway in Lima.
The week will conclude with the APEC Economic Leaders' Meeting on Nov 15-16.
"The APEC meeting is an important event for our country, and we look forward to all countries, including our good friend China, to come and invest. Investment drives infrastructure construction, infrastructure construction generates more jobs, and employment brings about increases in income, foreign exchange and the development of tourism," said Hernan Yaipen Arestegui, Peruvian Minister of Authority of National Infrastructure.
China builds flood control project in Lima
