In the first 11 months of 2024, the volume of new vehicles exported from China has superseded the full year exports of 2023. In the January to November period a total of 5.34 million new vehicles have been exported from China, as per data from the China Association of Automobile Manufacturers (CAAM), marking an annual increase of 22.7%. But the volume that was exported in the month of November itself was almost 10% down compared to the preceding month. In November there were 490,000 new vehicles exported from China, down from 542,000 in October. Meanwhile, the volume of internal combustion engine vehicles (ICE), that is vehicles powered by gasoline or diesel, continue to account for the majority of vehicles exported. In the January to November period ICE vehicles accounted for 78.6% of vehicles exported, some 4.2 million vehicles. (....)