Data from the China Association of Automobile Manufacturers (CAAM) reveals that in October, automobile manufacturers actively capitalized on the policy transition window at the year's end, sustaining a relatively brisk production tempo. A slew of new products flooded the market, industry regulation advanced steadily, and the automotive market exhibited ongoing improvement, with monthly production and sales volumes hitting new highs for the corresponding period.
Specifically, passenger vehicles witnessed steady growth, commercial vehicles continued their upward trajectory, and new energy vehicles experienced rapid expansion. In October, production and sales volumes reached 3.359 million and 3.322 million units respectively, marking month-on-month increases of 2.5% and 3%, along with year-on-year surges of 12.1% and 8.8%. From January to October 2025, cumulative production and sales figures stood at 27.692 million and 27.687 million units respectively, representing year-on-year growth rates of 13.2% and 12.4%.
