China Vehicle Exports Reach 9271000 Vehicles in First 10 Months

People's Daily reported statistical data released by the China Association of Automobile Manufacturers indicating that China's vehicle exports sustained rapid expansion in October. Exports in that single month reached 1066000 vehicles, reflecting a 1.3% increase compared with the prior month alongside a 60.2% increase compared with the same period a year earlier. Across the entire span from January to October, cumulative automobile exports reached 9271000 vehicles, registering a 65.1% year-on-year increase. In October, exports of new energy vehicles reached 606000 vehicles, representing a month-on-month rise of 6.2%. Meanwhile, outbound shipments of traditional fuel vehicles totaled 460000 vehicles during the month, which reflected a 4.6% decline relative to the previous month alongside a 12.3% year-on-year rise. Furthermore, the proportion of exported new energy vehicles remained above 50% for 5 consecutive months. Across the full ten-month timeframe from January to October, total outbound shipments of new energy vehicles reached 4612000 vehicles. Over the exact same period, export shipments of traditional fuel vehicles totaled 4659000 vehicles, which represented a 29.4% increase compared with the previous year. For domestic production and commercial distribution between January and October, new energy vehicles reached 14509000 vehicles produced and 14411000 vehicles sold, rising year on year by 11.5% and 11.3% respectively. Sales of new energy vehicles accounted for 54.8% of aggregate new vehicle sales across the country over those ten months.