According to the latest data released by the China Association of Automobile Manufacturers today, China's automobile production and sales both exceeded 3 million units, showing a certain increase over the previous month. Among them, the NEV market's share of sales continued to rise. According to the latest data, in October, production and sales of new energy vehicles in China reached 2.17 million units and 1.94 million units, respectively, up 13.8% and 13.1% year-on-year, respectively. New energy vehicle sales reached 64.3% of total new vehicle sales. Since this year, China's dominant position in the NEV market has continued to be consolidated, and the cumulative sales share has continued to increase, reaching 54.8% from January to October. Taking new energy passenger vehicles as an example, the domestic market accounted for more than 70% in October. Experts said that China's share of NEV sales continues to rise. It is not a short-term phenomenon; it is the result of a combination of industrial technology iteration, improved product strength, and increased market acceptance. The latest data from the China Association of Automobile Manufacturers also shows that China's automobile exports have exceeded 1 million vehicles for five consecutive months, and NEV exports account for more than 50% for five consecutive months. Among them, in October, 606,000 new energy vehicles were exported, an increase of 1.4 times over the previous year.

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