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

1 min read . Updated: 11 Nov 2020, 12:26 PM IST Reuters

Sales of new energy vehicles (NEVs) in China surged 105% to 160,000 in October, their fourth consecutive month of gain.

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)

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.

This story has been published from a wire agency feed without modifications to the text.