China's vehicle sales rose by 26% year-on-year and 2.4% month-on-month in November, driven by the sales of new-energy vehicles, clearance of fossil fuel cars, and sales promotions. The retail sales of passenger cars exceeded 25 million units, and automobile sales reached nearly 30 million units. Tesla delivered 82,432 cars in November. The China Passenger Car Association predicts that December sales may rise slightly, but overall vehicle sales for the year could surpass expectations. The association also mentioned that cooling sentiment toward the property sector and additional government stimulus could support the car market in 2024.

China's Car Sales Surge in November