China's new energy passer car sales have increased.
With the positive impact of the Chinese government's incentive policies, it was seen that consumption increased and the economy began to improve. Especially between September 2023 and October 2023, the country's passenger car sales increased significantly.
In October 2023, new energy passenger car factories organized promotional activities for China's national holiday, and the fact that the holiday was longer than expected gave time to new energy passenger car sales.
Compared with the sales data of October 2022, a noticeable increase was recorded in the sales of October 2023.
According to the China Passenger Car Association (CPCA), the total sales of 17 automobile factories with sales of over 10,000 units in October were expected to be around 787,000 units. Wholesale volume accounted for approximately 88.4% of full month sales.
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