Automotive Industry Thrives in Q1 with Boosted Production and Sales

The Automotive Industry Started Well in Q1

The latest information released by CAAM on the 11th shows that since the beginning of this year, a series of policies and measures to boost consumption have been accelerated, the consumer market has improved, and the automotive industry has started well. In Q1 this year, China's auto production and sales reached 7.561 million and 7.47 million units, up 14.5% and 11.2% YoY, respectively.

Among them, NEV production and sales reached 3.182 million and 3.075 million units, up 50.4% and 47.1% YoY, respectively. NEV sales accounted for 41.2% of total new auto sales. Vehicle exports continued to grow, and overseas influence continued to increase. Among them, NEV exports reached 441,000 units, up 43.9% YoY.