China Association of Automobile Manufacturers: In October, production and sales of new energy vehicles reached 1.463 million and 1.43 million units respectively, an increase of 48% and 49.6% year-on-year respectively.

According to the analysis of the China Association of Automobile Manufacturers, in October 2024, new energy vehicles continued to maintain rapid growth, with monthly production and sales reaching new highs. In October 2024, production and sales of new energy vehicles reached 1.463 million and 1.43 million respectively, representing a year-on-year increase of 48% and 49.6% respectively. From January to October, production and sales of new energy vehicles reached 9.779 million and 9.75 million respectively, representing year-on-year increases of 33% and 33.9% respectively. In October 2024, domestic sales of new energy vehicles reached 1.302 million, representing a month-on-month increase of 10.7% and a year-on-year increase of 56.5%. From January to October, domestic sales of new energy vehicles reached 8.692 million, representing a year-on-year increase of 38.3%. In October 2024, exports of new energy vehicles reached 128,000, representing a month-on-month increase of 16% and a year-on-year increase of 3.6%. From January to October, exports of new energy vehicles reached 1.058 million, representing a year-on-year increase of 6.3%.