By Jiahui Huang
China's vehicle sales continued rising in November, helped by sales of new-energy vehicles, clearance of fossil fuel cars and sales promotions.
Retail sales of passenger cars in the world's biggest auto market rose 26% on year and 2.4% on month to 2.08 million vehicles in November, the China Passenger Car Association said Friday.
Exports in November rose 42% on year, taking year-to-date growth to 60%.
Retail sales of new-energy cars, which include electric and plug-in hybrids, grew 37.3% on year in November.
Tesla delivered 82,432 cars made at its Shanghai plant in November, the data also showed.
The CPCA said December sales could rise slightly, but overall vehicle sales for this year could be much better than expected. It said that so far this year, sales of passenger cars have exceeded 25 million units, while automobile sales have reached nearly 30 million units.
Cooling sentiment toward the property sector and additional government stimulus could support the car market in 2024, the association said.
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(END) Dow Jones Newswires