According to the China Automobile Industry Association on November 11, from January to October 2019, the output of new energy vehicles in China was 983000, an increase of 11.7% year on year, and there was pressure on the industry operation.
According to the data of China Automobile Industry Association, in October 2019, the overall automobile production and sales continued to recover, but the recovery was still low. In the same month, automobile production and sales reached 2.295 million and 2.284 million, an increase of 3.9% and 0.6% month on month. Among them, the consumer demand of passenger car market has not improved significantly, and commercial vehicles continue to maintain a good growth momentum under the role of accelerating the renewal and elimination and investment promotion. From January to October 2019, the production and sales of automobiles will be 20.444 million and 20.652 million, with the decrease rate narrower than that from January to September.