China's auto production and sales sustained sound performance in November, with supply remaining brisk and growth in both month-on-month and year-on-year terms, according to data released by the China Association of Automobile Manufacturers (CAAM) on Thursday.
The latest data show that China's monthly auto output exceeded 3.5 million units in November for the first time, marking a new historical high.
In the first 11 months of the year, auto production and sales both surpassed 31 million units, up more than 10 percent year on year.
CAAM figures also indicate that from January to November, the country's production and sales of new-energy vehicles (NEVs) each approached 15 million units, representing year-on-year growth of over 30 percent.
During the period, China exported 2.315 million NEVs, doubling from a year earlier.
Auto output, sales maintain robust growth momentum in November
Auto output, sales maintain robust growth momentum in November
European Union (EU) countries gave final approval on Thursday to an amendment of the European Climate Law, setting a binding intermediate target to cut the bloc's net greenhouse gas emissions by 90 percent by 2040 compared with 1990 levels, reinforcing the EU's path toward climate neutrality by 2050.
Under the amended law, from 2036 EU member states will be allowed to count "high-quality international credits" towards meeting the 2040 target, capped at 5 percent of the EU's 1990 net emissions. This means at least 85 percent of the emissions reductions must be achieved within the bloc, the Council of the EU said in a statement.
The credits must be based on credible greenhouse gas reduction activities in partner countries and be aligned with the Paris Agreement, the statement added.
The amended law also delays the launch of the EU's emissions trading system covering road transport, buildings and other sectors, shifting its start date from 2027 to 2028.
The adoption of the amendment marks the final step in the legislative process. The amended regulation will enter into force 20 days after its publication in the Official Journal of the EU and will apply directly across all EU member states.
The European Climate Law was first adopted in 2021, setting a legally binding target of climate neutrality by 2050 and a 2030 goal to cut net emissions by at least 55 percent from 1990 levels.
EU countries approves 2040 target to cut net emissions by 90 pct
