Auto Sales Slump in April, NEVs Show Growth Amid Market Challenges

Published: May 11, 2026 14:24

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[SMM Aluminum News] According to CAAM data, auto production and sales in April reached 2.575 million units and 2.526 million units respectively, down 11.7% and 12.9% MoM respectively, and down 1.7% and 2.5% YoY respectively. NEV production and sales in April reached 1.32 million units and 1.344 million units respectively, up 5.5% and 9.7% YoY respectively. NEV sales accounted for 53.2% of total new vehicle sales. According to CAAM's analysis, auto production and sales in April declined slightly compared to the same period last year, with cumulative production and sales declines narrowing further. Specifically, domestic demand still needed improvement and stimulus; exports continued to grow rapidly, providing stable support to the overall market. In detail, the passenger vehicle market decl

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