China

Nov. new-car sales jump 18% behind government scrappage program, trade group estimates

Leapmotor delivery center
A Leapmotor delivery center at the company's headquarters in Hangzhou, China. The country's new-car market has expanded 5 percent to 20.3 million through November, with sales of electrified vehicles surging 41 percent to exceed 9.6 million (BLOOMBERG)
December 04, 2024 09:08 PM

SHANGHAI — China’s new-vehicle market, stimulated by a government scrappage program, has rebounded three straight months, with sales increasing 18 percent in November from a year earlier, according to a preliminary tally by the China Passenger Car Association.

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