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New energy vehicle sales double in Oct

Sales of new energy vehicles more than doubled in October, while overall auto sales grew steadily, data from the China Association of Automobile Manufacturers showed. Some 92,000 new energy vehicles were produced in October, up 85.9 percent year-on-year, and 91,000 were sold, up 106.7 percent from October 2016, according to CAAM. Total automobile sales remained stable, with some 2.7 million vehicles sold last month, up 2 percent year-on-year, though growth slowed from the 5.7 percent surge of September. Meanwhile, a total of 2.6 million automobiles were produced in October, up 0.7 percent from a year ago. However, on a month-on-month basis, automobile sales dropped 0.2 percent, while production was down 2.5 percent in October.

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