CAAM: Automobile Production and Sales Show Steady Growth in January-February, Highlighted by NEVs

[CAAM: January-February, Automobile Production and Sales Show Steady Growth]

A relevant official from the China Association of Automobile Manufacturers (CAAM) stated that after this February's Chinese New Year, enterprises accelerated their production and business activities, with new product launches and promotional events taking place in full swing, significantly boosting market vitality. From January to February, the intensified expansion and early implementation of a new round of trade-in policies, along with enterprises' technological upgrades and product renewals, stimulated demand, leading to steady growth in automobile production and sales overall. Among them, new energy vehicles (NEVs) stood out, continuing their rapid growth trend in production and sales. The automobile industry's strong start has laid a solid foundation for achieving a good beginning in Q1.