Auto Production and Sales Surge, with NEVs Leading the Growth

According to data released by the Equipment Industry Department of the MIIT, the auto production and sales figures are as follows:

- In March, auto production and sales reached 3.006 million units and 2.915 million units, up 11.9% and 8.2% YoY, respectively.

- From January to March, auto production and sales reached 7.561 million units and 7.47 million units, up 14.5% and 11.2% YoY, respectively.

In terms of NEVs, the figures are as follows:

- In March, NEV production and sales reached 1.277 million units and 1.237 million units, up 47.9% and 40.1% YoY, respectively. NEV sales accounted for 42.4% of total auto sales.

- From January to March, NEV production and sales reached 3.182 million units and 3.075 million units, up 50.4% and 47.1% YoY, respectively. NEV sales accounted for 41.2% of total auto sales.