Chinese automakers smashed another monthly record for production and sales of electric vehicles in October. Car companies produced just under 400,000 vehicles last month, up 133% from the same time last year and almost 10% from September, according to new data from the Chinese Automotive Manufacturers Association.
Even amid the ongoing economic turbulence in China brought on in part by the COVID-19 pandemic, EV sales have surged this year by a stunning 177%. 2.5 million units rolled off the lot in the January to October period, accounting for 12% of all cars sold in the country.
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