China Association of Automobile Manufacturers: In October, the production and sales of passenger cars reached 2.995 million and 2.961 million respectively, with year-on-year increases of 10.7% and 7.5% respectively.

According to the Wisdom Financial APP, the China Association of Automobile Manufacturers has analyzed that in October, new products from companies continue to be intensively launched, comprehensive industry governance work is steadily advancing, and with the added bonus of car companies seizing the window period of policy change at the end of the year, production and supply are maintaining a relatively fast pace, helping to continue the good trend in the passenger vehicle market. In October, passenger vehicle production and sales reached 2.995 million and 2.961 million respectively, with month-on-month growth of 3.3% and 3.6% respectively, and year-on-year growth of 10.7% and 7.5% respectively. From January to October, passenger vehicle production and sales reached 24.237 million and 24.209 million respectively, with year-on-year growth of 13.5% and 12.9% respectively.