China's new-energy passenger car sales surge in November

China's new-energy passenger vehicle market continued to experience strong growth in November, with retail sales reaching nearly 1.27 million units, according to industry association data released on Monday.

This figure represents a 50.5 percent year-on-year increase and a 5.9 percent rise from the previous month, as reported by the China Passenger Car Association (CPCA).

In November, production of new-energy passenger vehicles reached about 1.48 million units, reflecting a 49.3 percent year-on-year increase and a 7.1 percent rise from the previous month.

The penetration rate of new-energy vehicles – an indicator of their popularity – in the domestic market climbed to 52.3 percent last month, according to the data.

During the first 11 months of the year, total retail sales of new-energy passenger cars amounted to 9.59 million units, marking a 41.2 percent increase from the previous year, the CPCA data showed.

On the export front, China shipped about 80,000 new-energy passenger vehicles last month, a 6.3 percent decline year-on-year.

From January to November this year, total exports of new-energy passenger vehicles reached about 1.17 million units, a 24.6 percent increase compared to the same period in 2023, the association added.