China's NEV sales see fast growth in first three quarters

China's new energy vehicles (NEVs) sales witnessed robust growth in both domestic and overseas markets in the fist three quarters of this year, according to China Association of Automobile Manufacturers on Monday.

The association released the sector's performance data in the first nine months, showing a positive growth momentum.

It showed that since June, China exported over 1 million vehicles to overseas markets for three consecutive months. NEVs accounted for more than half of total auto exports for three months in a row.

China's NEV sales see fast growth in first three quarters

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 17 pips to 6.7313 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 6.7313 against USD Monday