CAAM: In October, China's automobile production and sales increased by 12.1% and 8.8% year-on-year, respectively.

According to the China Association of Automobile Manufacturers, in October, China's automobile production and sales reached 3.359 million and 3.322 million vehicles respectively, representing a month-on-month increase of 2.5% and 3%, and a year-on-year increase of 12.1% and 8.8% respectively. From January to October, China's automobile production and sales reached 27.692 million and 27.687 million vehicles, representing a year-on-year increase of 13.2% and 12.4% respectively. The growth rate of production and sales in October narrowed by 0.1 and 0.5 percentage points compared to September.