China's new energy vehicle sales up 49.6% year-on-year in October: Chinese report

On the 11th, the China Association of Automobile Manufacturers announced the industrial production and sales situation of new energy vehicles (NEVs) for October.
According to publicly available data, China's NEV production in October increased 4
Sales rose 8% to 1.463 million units, while total vehicle sales increased 49.6% to 1.43 million units. NEV sales accounted for 46.8% of total vehicle sales.
The number of NEV exports in October reached 128,000 units, up 16% from the previous month and 3.6% from the same month last year.
Meanwhile, NEV production volume in January-October increased 33% year-on-year to 9.779 million units, while sales volume increased 33.9% year-on-year to 9.75 million units.
Sales volume accounted for 39.6% of the total. NEV exports during the same period increased 6.3% to 1,058,000 units.