Cui Dongshu: In October, China's automobile exports reached 0.59 million units, a year-on-year increase of 11%.

Cui Dongshu, the secretary-general of the Passenger Car Association, stated that in October 2024, China's automobile exports reached 0.59 million units, an 11% year-on-year increase from October 2023 and a 3% decrease compared to last month, with stable year-on-year and month-on-month trends.

Zhitong FinanceNov 24 05:57 ET

Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.

Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.

Zhitong FinanceNov 22 00:39 ET

European Car Sales Flat in October, EVs Gain Ground, ACEA Says

The Edge MarketsNov 21 23:14 ET

China's Passenger Car Sales Jump 11% in October

MT NewswiresNov 21 22:47 ET

Retail Sales Of Cars In China Rose 11.3% In October

Business TodayNov 21 10:09 ET

Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.

①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.

cls.cnNov 21 04:21 ET