Hyperdrive
China Car Sales Surge on Promotions and Boom in Electric Vehicles
- October sales climb most in five months, car association says
- Electric vehicles accounted for nearly 38% of new car sales
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China’s October auto sales climbed the most in five months as carmakers ramped up promotions to lift deliveries before the year-end.
Sales rose 10.2% from a year earlier to 2.03 million vehicles, data from China’s Passenger Car Association showed Wednesday. Of those, 767,000 were electric vehicles and plug-in hybrids, an increase of 37.5%. Exports rose 49%, with 391,000 cars shipped abroad.