China's NEV sales reach 1.94 million units in October

(ECNS) -- China's automobile production and sales both topped 3 million units in October, up from September, the China Association of Automobile Manufacturers (CAAM) said Wednesday.

China produced 2.017 million new energy vehicles (NEVs) and sold 1.94 million in October, up 13.8% and 13.1% from a year earlier, respectively. NEVs accounted for 64.3% of new vehicle sales in the month.

NEVs have continued to consolidate their leading position this year, with their share of total vehicle sales reaching 54.8% in the first 10 months.

CAAM data also showed that China's automobile exports have topped 1 million units a month for five straight months, and NEVs have made up more than 50% of vehicle exports over the same period.

In October alone, China exported 606,000 NEVs, up 140% from a year earlier.

(By Gong Weiwei)