China’s NEV sales fell 45.6% YoY in Oct: CAAM

SHANGHAI, Nov 11 (SMM) – China’s sales of new energy vehicles declined 45.6% from a year ago to 75,000 units in October, the China Association of Automobile Manufacturers (CAAM) said on Monday November 11.

This marked the fourth straight month of decline in NEV sales in China, and came in line with a drop of 45.4% reported by the China Passenger Car Association (CPCA) last week.

Data from the CAAM also showed that sales of passenger vehicles in China declined 5.8% year on year to 1.93 million units last month.