Caam: China's Auto Sales Rose 27.4% Year On Year in November And Exports Rose 46.3%

On December 11, the China Association of Automobile Manufacturers (referred to as the "China Association of Automobile Manufacturers") held an information conference, in November, China's auto production and sales were completed 3.093 million and 2.97 million, an increase of 7% and 4.1% respectively, an increase of 29.4% and 27.4% year-on-year. In November, the production and sales of new energy vehicles in China completed 1.074 million and 1.026 million, respectively, an increase of 39.2% and 30%, and the market share reached 34.5%. In November, China's domestic auto sales reached 2.488 million units, up 5.2% month-on-month and 24.3% year-on-year. Exports were 482,000 units, down 1.1% from the previous month and up 46.3% year on year.