SMMT data shows that of the cars produced in the UK in October, 75,343 were sold to overseas markets, a year-on-year increase of 33.4%, accounting for 82.3% of the total production that month; 16,178 vehicles were sold in the UK, an increase of nearly 24% from the same period last year. %. In overseas markets, exports to the EU surged 58.5% year-on-year, accounting for about two-thirds of the UK’s total exports that month. Therefore, the EU is still the largest market for British-made cars. In addition, the Turkish market is also one of the main driving forces behind the increase in British car exports.

The output of pure electric vehicles, plug-in hybrids and hybrids also rose in the UK last month, with combined output up 52.1% year-on-year, accounting for 40.1% of total vehicle output in the month, close to the highest level in history. Since January this year, the cumulative production of the above three categories has increased by 59.1% year-on-year to 287,408 units, driving the UK’s total vehicle production in the first ten months up by 16.7% year-on-year to 751,422 units.

Recently, the UK’s advanced automotive manufacturing industry has received large investments in a row. Earlier this month, Nissan said its plans to build two electric cars at British plants would require a total investment of up to 2 billion pounds, including building a third battery factory in the UK. In addition, the British government has also committed to investing 2 billion pounds in the automotive industry over the next five years to support the development of zero-emission vehicles.

In light of the strong manufacturing performance and the latest round of investment received by the UK automotive manufacturing sector, the SMMT has revised upwards the UK’s full-year vehicle production to around 1 million units in 2023, up 18% on last year’s production and higher than the previous forecast of 860,000 units.

In July, India’s Tata Group also said it would invest £4 billion to build its first super plant outside India in the UK.