China

New-car market rebounds 17% in November, trade group says

Nio cars
Models from EV startup Nio are displayed at a shopping mall in Shanghai. In November, the combined market share of Chinese brands, the main producers of electrified vehicles in the country, reached 64.1 percent, a jump of 8.7 percentage points from a year earlier. (YANG JIANG/AUTOMOTIVE NEWS CHINA)
December 09, 2024 03:32 PM

Retail sales of new passenger vehicles including sedans, crossovers, SUVs and multipurpose vehicles advanced 17 percent year over year to exceed 2.4 million in November, the China Passenger Car Association said, drawing on a final tally.

Staying current is easy with newsletters delivered straight to your inbox.