NEV share of new car sales rises

New energy vehicles continued to gain ground in China's auto market in October, accounting for a larger share of new car sales, industry data showed. NEVs accounted for 64.3 percent of new car sales last month, up from 61.6 percent in September, while the cumulative share for the first 10 months climbed to 54.8 percent, according to the China Association of Automobile Manufacturers.

Patent transfers see steady growth

China has continued to make progress in patent transformation and applications, with patent transfers and licensing filings nationwide reaching 496,000 in the first three quarters, up 7.1 percent year-on-year. China's total imports and exports of intellectual property royalties reached 331.59 billion yuan ($49.7 billion), maintaining steady growth, authorities said.

XINHUA-CHINA DAILY