China’s auto industry recorded production of 24.446 million vehicles and sales of 24.624 million from January to October, reflecting 1.9% and 2.7% growth, respectively, compared to last year, as reported by China Radio International.
According to the China Association of Automobile Manufacturers, spending has risen significantly due to trade-in policies, with Deputy Secretary-General Chen Shihua noting the impact of ongoing auto shows and promotional events in boosting sales.
