China's Passenger Vehicle Sales Surge in March, NEV Penetration Hits 54.1%

게시됨: Mar 24, 2025 10:50
The China Passenger Car Association (CPCA) preliminarily estimated that the total retail market size of narrow-sense passenger vehicles in March was around 1.85 million units, up 9.1% YoY and up 33.7% MoM. Among these, new energy vehicle retail sales were expected to reach 1 million units, with the penetration rate rebounding to 54.1%.

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