China’s EV sector reaches 10 million production milestone, overcapacity fears deepen

Quick Summary:

Chinese EV makers have delivered 9.75 million units to mainland buyers between January and October, a year-on-year jump of 34 per cent.

The mainland has an overall manufacturing capacity of 40 million vehicles a year and sales of around 22 million units, according to Shanghai-based consultancy Automobility.

CAAM did not name the carmaker.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Million Production China’s Petrol Year Sector Industry Vehicles Capacity Shanghai-based Cars

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 19:56:34 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 212 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23584704

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