BEIJING, Nov 9 (Reuters) – China’s car exports maintained momentum in October while a persistent decline in domestic sales piled pressure on automakers to push deeper into overseas markets, fanning the prospect of fiercer competition abroad.
Passenger vehicle shipments overseas jumped 68.2% to 932,000 last month from a year earlier, easing from September’s rise of 73.2%, data from the China Passenger Car Association showed on Monday.
Sales at home dropped 27.3% year on year to 1.65 million cars, narrowing from a 28.1% fall in September, for a 12th straight month of declines.
(Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; Editing by Clarence Fernandez)
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