China Association of Automobile Manufacturers: A brief summary of automobile industry production and sales in October 2021

According to statistics and analysis by the China Association of Automobile Manufacturers, in October 2021 , automobile production and sales continued to grow month-on-month, and the year-on-year decline narrowed compared with the previous month. The chip supply situation this month has eased slightly compared with September . Although the National Day holiday has resulted in a relatively small number of effective working days, market demand continues to grow, with the growth rate of new energy vehicles being even more obvious.

In October 2021 , automobile production and sales reached 2.33 million and 2.333 million respectively, an increase of 12.2% and 12.8% month-on-month , and a decrease of 8.8% and 9.4% year -on-year .

From January to October 2021 , the production and sales of automobiles were 20.587 million and 20.97 million, up 5.4% and 6.4% year-on - year , and the growth rate continued to decline slightly compared with January to September .

In October 2021 , the production and sales of passenger cars were 1.988 million and 2.007 million, up 12.5% ​​and 14.6% month-on-month , and down 4.7% and 5.0% year -on-year .

From January to October 2021 , the production and sales of passenger cars were 16.648 million and 16.871 million, up 8.6% and 8.8% year - on-year .

In October 2021 , the new energy vehicle market as a whole continued its good performance, with production and sales continuing to grow both month-on-month and year-on-year. Production and sales hit new historical highs, reaching 397,000 and 383,000 vehicles respectively , up 12.5 % ​​and 7.2 % month-on-month , and up 1.3 times year-on-year.

From January to October 2021 , the production and sales of new energy vehicles reached 2.566 million and 2.542 million respectively, both an increase of 1.8 times year -on-year .