China Car Sales Grow in September, Led by Holiday Shopping and EV Demand
- Car sales in China rose 4.7% in September vs a year ago, boosted by holiday shopping
- New energy vehicle (NEV) sales up 22.1% in September, making up 36.6% of sales
- Overall sales up 2.1% in first 9 months of 2022 to 15.41 million units
- Exports grew 50% in September following 31% gain in August
- Tesla's market share in China's EV market shrank in Q3 amid production disruptions
