China car production rose 3.8% YoY in November

SHANGHAI, Dec 10 (SMM) – About 2.59 million automobiles were manufactured in China in November, up 13% from a month ago and 3.8% from a year ago, marking the first year-over-year increase in 16 months, the China Association of Automobile Manufacturers (CAAM) reported on Tuesday.

China’s auto sales grew much slower than production last month, increasing 7.6% from October to 2.46 million units, keeping the year-over-year growth in negative territory. The sales slipped 3.6% from a year earlier, smaller than a decline of 4% in the previous month.

For the first 11 months of 2019, China’s production of automobiles totalled 23.04 million units, down 9% year on year, while auto sales fell 9.1% to 23.11 million units.

For new energy vehicles, production and sales came in at 110,000 and 95,000 units in November, down 36.9% and 43.7% year on year, respectively.

Pure electric vehicles accounted for 81,000 units of the total sales, down 41.2% on a yearly basis, while sales of plug-in hybrids slumped 54.4% during the same period to 14,000 units.

In January-November, China’s production of NEVs rose 3.6% year on year to 1.09 million units, while sales inched up 1.3% to 1.04 million units.