China's Auto Sales Dip in January, NEVs Show Growth and Strong Export Momentum
According to data released by CAAM, China's automobile production and sales reached 2.45 million units and 2.346 million units, respectively, in January this year. Compared with the same period last year, production increased slightly by 0.01% YoY, while sales decreased by 3.2% YoY. In the segmented market, NEVs performed remarkably, with production and sales reaching 1.041 million units and 945,000 units, respectively, up 2.5% YoY and 0.1% YoY. In addition, NEV exports continued their strong growth momentum, with exports reaching 302,000 units, doubling YoY.