Sales of Chinese-made vehicles, including exports, increased by 3.4% to 3.429 million units in November 2025, after rising by 12% to 3.316 million units in the same month of last year, according to passenger car and commercial vehicle wholesale data compiled by the China Association of Automobile Manufacturers (CAAM). Domestic sales declined by over 4% to 2.701 million units last month, while exports surged by over 48% to 728,000 units.
Most Asian stocks fell on Tuesday, extending recent losses as the technology sector saw little respite from concerns over stretched artificial intelligence valuations.
Oil prices fell in early trading on Tuesday, adding to the previous session’s losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions.
China's industrial output in November rose 4.8% year-on-year, slowing from the 4.9% growth in October, while retail sales growth slowed, official data showed on Monday.
The European Commission is expected on Tuesday to reverse the EU's effective ban on sales of new combustion-engine cars from 2035, bowing to intense pressure from Germany, Italy and European automakers struggling against Chinese and U.S. rivals.
Asian markets opened lower in the final full trading week of 2025 as mounting concerns over the earnings outlook for technology companies — and their massive spending on artificial intelligence (AI) — sapped risk sentiment.