Dyshine Industry Co.,Ltd

News

Contact Us

China's New Energy Vehicle Sales Double In October

Nov 16, 2017

Sales of new energy vehicles in China more than doubled in October, while overall auto sales grew steadily, data from the China Association of Automobile Manufacturers (CAAM) showed on Nov 10.

Some 92,000 new energy vehicles were produced in October, up 85.9 percent year on year, and 91,000 were sold, up 106.7 percent from October 2016, according to CAAM.

Total auto sales remained stable, with some 2.7 million vehicles sold last month, up 2 percent year on year. But growth slowed from the 5.7 percent growth in September.

Meanwhile, a total of 2.6 million auto vehicles were produced in October, up 0.7 percent from the same period last year.

However, on a month-on-month basis, auto sales dropped 0.2 percent, while auto production was down 2.5 percent in October.

In the first ten months of the year, auto output and sales increased by 4.3 percent and 4.1 percent year-on-year to 22.96 million and 22.93 million, respectively.

The robust growth came as China has intensified efforts to encourage the use of new energy vehicles to ease pressure on the environment, by offering tax exemptions and discounts for car purchases, and ordering government organizations to buy more new energy cars.

In the latest move, Chinese banking authorities announced new loan policies to allow buyers of new-energy vehicles to borrow a larger portion of the purchase price.

Starting in 2018, NEV buyers can borrow up to 85 percent of the cost from banks, up from the previous 80 percent.


Related News
Products
BOLT
NUT
WASHER
SCREW
Exhibition
Bolt support
Advantages of bolt support
The characteristics and...
Rivet cleaning
Latest News
What Are The...
How Does The...
What Is The...
Why Hexagon Nuts...
Contact information

Room 17A,BLS Building,Haining Road 338# Zhejiang Haining

Tel: +86-573-80705030

allen@dyfastener.net

Copyright © Dyshine Industry Co.,Ltd All Rights Reserved.