China's new energy vehicle production and sales in January-November up 30% year-on-year - Chinese report

According to the China Association of Automobile Manufacturers, China's production and sales of new energy vehicles (NEVs) from January to November this year increased by more than 30% compared to the same period last year.
According to the latest data, China's NEV production volume in January-November increased 34.6% year-on-year to 11.345 million units, while sales
Sales volume increased 35.6% to 11,262,000 units. Sales of NEVs accounted for 40.3% of total vehicle sales.
An official from the association said, "The Chinese auto market will remain vibrant in November thanks to the replacement policy.
"As a result, demand for car purchases has further increased," he said. The auto market is expected to remain strong in December as local government authorities and companies continue to step up sales promotion activities.
The annual production and sales volume is expected to reach more than 30 million units in 2024. The stable development of the automobile industry will not only drive the traditional industrial chain, but also promote electrification, smart and connected
As the transition to digitalisation accelerates, it is also supporting the development of many other industries, including transport and energy.