BUSINESS Sales of Chinese auto brands up 23.5% in October

BUSINESS

Sales of Chinese auto brands up 23.5% in October

China Daily

13:01, November 12, 2022


A SAIC model attracts visitors at the Shanghai auto show in April 2021. (Photo: China Daily)

Sales of Chinese-brand passenger vehicles in October rose 23.5 percent year-on-year, with the market share continuing to increase, industry data showed.

Last month, over 1.18 million Chinese-brand passenger vehicles were sold in the Chinese market, accounting for more than half of the country's total passenger-car sales during the period, according to the China Association of Automobile Manufacturers.

In the first 10 months of 2022, sales of domestic auto brands rose 26.1 percent year-on-year to 9.35 million units, the data showed.

The sales made up 48.7 percent of the country's total passenger-car sales in the period, up 4.8 percentage points from the same period last year.

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