China’s NEV sales down 45.4% YoY, but up 1% MoM in October
China Passenger Car Association (CPCA) data shows that China’s wholesale new energy vehicle (NEV) sales declined 45.4% from a year ago to 66,000 units in October. This marked the fourth consecutive month of decline since the latest subsidy cuts took effect in late June.
Wholesale sales of NEVs in China increased 1% from September, showed data from the industry association.
Retail sales of sedans, multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs) amounted to 1.84 million units, marking a 5.7% year-on-year decline.
The passenger car sales stood at 16.63 million units in the first 10 months of 2019. That was down 8.3% from the same period last year.
In another update from Shanghai Metals Market, the China Passenger Car Association (CPCA) said that retail sales of sedans, multi-purpose vehicles (MPVs), sport utility vehicles (SUVs) and minivans stood1.87 million units in October. That was down 6% from a year earlier.
Retail sales of passenger vehicles stood at 1.81 million units in September, down 6.6% from a year earlier.
source: ALCIRCLE.COM
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
