China’s new energy vehicle sales surpass gasoline cars for the first time in October

According to data released by the China Association of Automobile Manufacturers, China’s new energy vehicle (NEV) market reached a major milestone in October, with NEV sales hitting 1.715 million units and accounting for 51.6% of total new car sales — surpassing gasoline vehicles for the first time. NEV production and sales in the month rose 21.1% and 20% year-on-year, respectively. From January to October, cumulative NEV sales reached 12.94 million units, up 32.7% year-on-year. The data indicates that China’s NEV industry is rapidly replacing the traditional fuel vehicle market, driven by policy support, technological advancements, and growing consumer demand. [IThome, in Chinese]