NBS: China NEV production dropped 39.7% YoY in Oct

SHANGHAI, Nov 14 (SMM) – China’s production of new energy vehicles stood at 85,000 units in October, down 39.7% from a year ago and 9.6% from a month ago, according to data from the National Bureau of Statistics (NBS) released on November 14.

NEV production in January-October amounted to 961,000 units, up 11.5% from the same period last year.

NBS data also showed that China produced 2.28 million automobiles, down 2.1% from October 2018.

For the first 10 months of 2019, production of automobiles totalled 20.29 million units, down 11.1% on a year-over-year basis.