The Zhitong Finance App learned that on November 11, the China Association of Automobile Manufacturers announced the automobile industry production and sales situation for October 2026. According to an analysis by the China Association of Automobile Manufacturers, in October, automobile production and sales increased month-on-month, with a slight year-on-year decline. Exports have maintained strong resilience. The monthly export volume has remained above 1 million vehicles for 5 consecutive months. New energy vehicles have been growing steadily, and the share of sales has continued to increase. The favorable factors effectively support the smooth operation of the industry. Since this year, due to a combination of factors, the domestic market has continued to decline, with domestic sales falling by more than 20% year-on-year for 7 consecutive months.

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