China's Automobile Production and Sales Exceed 20 Million for the First Time

On September 11th, according to CCTV News, data from the China Association of Automobile Manufacturers shows that in the first eight months of this year, China's automobile production and sales both exceeded 20 million units for the first time.

According to the latest data, from January to August this year, China’s automobile production and sales reached 21.051 million and 21.128 million units respectively, representing year-on-year increases of 12.7% and 12.6%. Among them, the production and sales of new energy vehicles reached 9.625 million and 9.62 million units respectively, up 37.3% and 36.7% year-on-year. Sales of new energy vehicles accounted for 45.5% of total new automobile sales.

From January to August, automobile exports reached 4.292 million units, a year-on-year increase of 13.7%. Among them, exports of new energy vehicles totaled 1.532 million units, representing a year-on-year increase of 87.3%.