China's automobile industry has revealed a growth trend, with its production and sales of vehicles increasing steadily in the first nine months of 2024. Data from the China Association of Automobile Manufacturers showed that from January to September, China's auto production totaled about 21.47 million units, up 1.9% year on year. Auto sales stood at 21.57 million units, an increase of 2.4% from the same period last year, according to China's News Agency (Xinhua). In September, auto production came in at nearly 2.8 million units, down 1.9% year on year, while monthly sales totaled about 2.81 million units, down 1.7% year on year. China's passenger vehicle market has been gradually picking up, with retail sales growing stronger in the third quarter of this year, thanks to government policies encouraging vehicle trade-ins and manufacturers launching new models during "Golden September and Silver October", a peak period for car sales. Source: Qatar News Agency
You are here:
Home » China’s Auto Sector Reports Growth Momentum in First 9 Months
China’s Auto Sector Reports Growth Momentum in First 9 Months
POPULAR POSTS
QLM Profits Fall Back 22.48%
August 11, 2026
US Stock Indexes Open Mixed on Wall Street
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
S. Korea Exports Surge by 57.3% in Q2, Boosted by Semiconductors
August 11, 2026
Oman Crude Oil Price Goes Up by USD 8.13
August 11, 2026