Visitors view a vehicle at the booth of ORA, a sub-brand of Chinese automaker Great Wall Motors during the China Motor Show (Tianjin) 2022 in north China's Tianjin, Nov. 10, 2022. (Xinhua/Zhao Zishuo)
BEIJING, Dec. 2 (Xinhua) -- According to an index jointly released by the China Passenger Car Association (CPCA) and a Shanghai-based consulting firm on Thursday, China's passenger car industry has maintained an overall developing trend in the direction of electrification, intelligence and networking in October.
The index came in at 80.3 in October, up 1.0 point from that in September, showing a continuing rising trend.
In October 2022, retail sales of China's new energy passenger cars came in at 556,000 units, up 75.2 percent year on year, but down 9 percent from the previous month, resulting in the electrification sub-index in October decreasing from the last month to 30.1, according to the CPCA.
The sub-indexes of intelligence and networking both increased from the previous month, registering at 44.3 and 58.8 respectively, as more intelligent connected vehicle models are on sale in the passenger car market.
Monitoring the development process of China's passenger car market, the index is also expected to serve the prediction of future development trend through comparing historical data, according to the CPCA.
(Edited by Yu Huichen with Xinhua Silk Road, yuhuichen@xinhua.org)
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