FX.co ★ China Car Sales Rise 3.4% in November

In November 2025, vehicle sales in China surged to an 11-month high, reaching 3.429 million units, which represents a 3.4% increase compared to the same month in the previous year. This follows an 8.8% rise recorded in October, as reported by the China Association of Automobile Manufacturers (CAAM). Sales of new energy vehicles (NEVs) saw a significant rise of 20.6% year-on-year, breaking records with a total of 1.823 million units in November—the ninth consecutive month of growth in this sector. Over the first eleven months of 2025, total vehicle sales expanded by 11.4% to nearly 31.13 million units, with NEV sales experiencing a remarkable 31.2% increase. In October, in collaboration with the Ministry of Industry and Information Technology and seven other government departments, a target was set for vehicle sales to reach approximately 32.3 million units by the end of 2025. This target anticipates a 3% annual growth rate, with NEV sales expected to hit 15.5 million units, marking a projected 20% growth from the previous year. On a monthly comparison, total car sales rose by 3.2% in November, showing a slight acceleration from the 3% growth noted in October.