Fresh momentum for NEV makers in China

Sales performance rising above expectations for both domestic and international brands

Chinese and international new energy vehicle makers are breaking their sales records as the sector gains momentum in the world's largest vehicle market.

Cui Dongshu, secretary-general of the China Passenger Car Association, said retail sales of NEVs could reach 750,000 units in October, which would mark a rise of 34.6 percent year-on-year. The CPCA usually releases tallied statistics in the middle of every month.

Warren Buffet-backed BYD said on Wednesday that it delivered 301,800 vehicles in October, up 38.4 percent from the same month last year. The performance helped it make history, becoming the first Chinese brand ever to sell more than 300,000 vehicles in a month.