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China EV Battery Installations in Oct: CATL Share at 42.78%, BYD 26.73%
China NEV Sales Rise to New Record of 1.43 Million in Oct, CAAM Data Show
Express News | Exclusive-Toyota's New China Strategy to Include Bringing Some Operations Closer Together and Giving Local Execs Freer Hand for Development, Sources Say
byd company limited firmly holds the iron throne
Intensifying competition.
New energy vehicles achieved a record high in retail sales in October, with a consecutive four-month market share of over 50%. China Association of Automobile Manufacturers: Expected to grow nearly 40% for the whole year.
①Caixin reporter's statistics show that in October, 14 A/H-listed vehicle companies achieved year-on-year growth, with 10 companies accounting for over 70%. ②Cui Dongshu predicts that the domestic sales volume of new energy passenger vehicles in the fourth quarter is expected to be 3.55 million units, a 39% year-on-year increase. The cumulative sales volume in 2024 is expected to be 10.68 million units, a 38% year-on-year increase.
Passenger Vehicle Branch: In October, the new energy fund passenger vehicle market retail sales were 1.196 million vehicles, a year-on-year increase of 56.7%.
In October, the new energy passenger vehicle market retail sales reached 1.196 million vehicles, a year-on-year increase of 56.7% and a month-on-month increase of 6.4%. From January to October 2024, the retail sales were 8.327 million vehicles, a year-on-year increase of 39.8%. The domestic retail penetration rate of new energy vehicles in October was 52.9%, an increase of 15 percentage points compared to the same period last year.
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