China's domestic auto market is recovering from a downturn. In November, 393,600 passenger vehicles were sold, a remarkable surge of 23% over October, according to statistics from China Automotive Industry Association (CAIA).

The CAIA said the booming sales in November have pushed the 11-month total to 3.5 million units, a 20 percent increase over the same period of last year.

Many China-based auto companies had a hard time this year due to overstock and difficulties in collecting money from debit customers.

The profits of China's auto industry saw a 52.9 percent drop in the first three quarters this year, 13.5 percentage points lower than the first half, according to the National Bureau of Statistics (NBS).