China's auto market remains hot in November, with production and sales reaching new highs

According to the data from the China Association of Automobile Manufacturers, in November, the automobile market was still hot, the effect of the old-for-new policy was still in effect, and consumers' car purchase needs were further met. The automobile production and sales volume in that month achieved both month-on-month and year-on-year growth, setting a record high. In the passenger car market, sales continued to rise, while the commercial vehicle market was relatively weak. New energy vehicles continued to maintain a rapid growth momentum, which played a strong supporting role in the overall market.