CHINA CAR SALES GROWTH SPEEDS UP IN NOVEMBER AS PRICE WAR INTENSIFIES

China's passenger vehicle sales rose 25.5% in November from a year earlier, faster than the prior month and extending growth to a fourth month, industry data showed on Friday, as automakers stepped up a price battle to meet sales goals.

Car sales totalled 2.1 million units last month, data from the China Passenger Car Association (CPCA) showed, while growth accelerated from October's 9.9% jump. Sales of new energy vehicles - electric vehicles and plug-in hybrids - grew 39.8% in November from a year earlier, surpassing a 37.5% rise in October and accounting for 40% of total car sales as promotions and discounts intensified towards the year-end.

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