Sales of auto in China fell by 9.4% in October

The data showed today, Wednesday, that the sales of auto in China in October fell for the sixth consecutive month, 9.4% from the previous year, in light of production disruptions due to the continuing global shortage of semiconductors.

Data from the China Association of Automobile Manufacturers indicated that total sales in the world’s largest auto market reached 2.33 million vehicles in October.

This time of year, known as “September of gold and October of silver”, is usually the hottest time in sales of auto, as consumers start buying after being away from showrooms during the sweltering summer months.

One of the positive points shown by the data is the enormous popularity of new energy vehicles, which have grown by 135 percent. in October to 383,000 units, thanks to the government’s promotion of green vehicles to reduce pollution. They include battery electric vehicles, gasoline-electric hybrid vehicles and hydrogen fuel cell vehicles.

Export data released by the China Passenger Car Association on Monday showed Tesla sold 54,391 auto Chinese-made in October, slightly lower than the previous month’s sales of 56,006, when it had its highest monthly sales in China since production started. two years ago.

Chen Shihua, an official with the Chinese Association of Automobile Manufacturers, said the supply of chips became cheaper in the fourth quarter, which helps to gradually increase the production of chips. auto of the country.

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