Chinese car sales rise in September as electric vehicles surge

seekingalpha10-12

Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. Retail sales of passenger vehicles...

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Retail sales of passenger vehicles...</p>\n\n<a href=\"https://seekingalpha.com/news/4158053-chinese-car-sales-rise-in-september-as-electric-vehicles-surge\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYDDY","symbol_name":"比亚迪ADR","start_time":0,"source_url":"https://seekingalpha.com/news/4158053-chinese-car-sales-rise-in-september-as-electric-vehicles-surge","article_id":"2474887785","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/2073476474/image_2073476474.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474887785","pubTimestamp":1728735128,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Chinese sales of passenger vehicles rose in September to reverse five months of declines as consumer sentiment improved and the government enacted stimulus policies. 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New-energy vehicles, a category that includes electric cars and plug-in hybrids, outsold internal-combustion-engine cars for three straight months. Penetration of EVs reached 53.3% in September, the association said. NEV monthly sales hit 1.1 million in September, exceeding the 1 million mark for two consecutive months.  Tesla (NASDAQ:TSLA) sales jumped 66% from a year earlier, helping to lift its share in the NEV market to 6.4%, up 0.6 percentage point from a year earlier. BYD (OTCPK:BYDDF) (OTCPK:BYDDY) again sold the most cars, capturing 18.3% of the overall passenger-vehicle market. China shipped 22% more passenger cars overseas in September than a year earlier. The month’s results lifted the total by 32% to 3.6 million for the first nine months of 2024. European Union member states this month voted to levy tariffs of as much as 45% on electric cars made in China.  NEV exports to Europe weakened, but their performance is strong in Latin America and Southeast Asia, the CPCA said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474887785"}