According to data from the China Association of Automobile Manufacturers, in September 2023, China’s auto production and sales hit a record high for the same period in history, and new energy vehicles and auto exports continued to perform well. In September, the output and sales of automobiles stood at 2.85 million units and 2.858 million units, respectively, both up 10.7% MoM, and up 6.6% YoY and 9.5% YoY. For January-September, the output and sales of automobiles stood at 21.075 million units and 21.069 million units respectively, up 7.3% YoY and 8.2% YoY.
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