10月新能源新车销量占比超50％

Core Insights - In October, China's automotive production and sales reached 3.359 million and 3.322 million units, respectively, with month-on-month increases of 2.5% and 3% and year-on-year increases of 12.1% and 8.8% [1] - From January to October, automotive production and sales totaled 27.692 million and 27.687 million units, showing year-on-year growth of 13.2% and 12.4%, although the growth rates have slightly narrowed compared to the first nine months of the year [1] - In October, the production and sales of new energy vehicles (NEVs) were 1.772 million and 1.715 million units, respectively, marking year-on-year increases of 21.1% and 20%, with NEVs accounting for 51.6% of total new car sales [1] - Cumulatively, from January to October, NEV production and sales reached 13.015 million and 12.943 million units, reflecting year-on-year growth of 33.1% and 32.7%, with NEVs making up 46.7% of total new car sales [1] - NEV exports in October reached 256,000 units, a year-on-year increase of 99.9%, and total NEV exports from January to October surpassed 2 million units, reaching 2.014 million, a 90.4% increase year-on-year [1] - The China Association of Automobile Manufacturers indicated that the automotive industry's growth rate has exceeded expectations, driven significantly by the "two new" policies, with an annual production and sales forecast of 34 million vehicles [1]