China auto sales rise 12.5% in October, 7th straight monthly gain

Sales of new energy vehicles (NEVs) in China surged 105% to 160,000 in October, their fourth consecutive month of gain.
By : Reuters
| Updated on: 11 Nov 2020, 12:26 PM
File photo of electric vehicle being charged (REUTERS)
File photo of electric vehicle being charged (REUTERS)
File photo of electric vehicle being charged (REUTERS)
File photo of electric vehicle being charged

Vehicle sales in China rose 12.5% in October from the same month a year earlier, the seventh straight monthly rise as the world's biggest vehicle market leads the global industry in recovering from lows hit during the Covid-19 pandemic.

Sales reached 2.57 million vehicles last month, data from the China Association of Automobile Manufacturers (CAAM) showed.

(Also read | New energy vehicles to make up 20% of China's new car sales by 2025)

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Sales of new energy vehicles (NEVs) surged 105% to 160,000, their fourth consecutive month of gain. NEVs include battery-powered electric, plug-in petrol-electric hybrid and hydrogen fuel-cell vehicles.

This time of year, known as "Golden September, Silver October", is typically a highpoint in sales for the industry, a time when consumers make purchases after staying away from showrooms during the stifling summer months.

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First Published Date: 11 Nov 2020, 12:26 PM IST
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