MIIT: NEV Sales Accounted for 42.4% of China's Total Auto Sales in March

On April 11, 2025, the First Department of Equipment Industry of the Ministry of Industry and Information Technology released the economic operation of the auto industry in March 2025.

I. Auto Sales Increased 8.2% YoY in March

In March, auto production and sales reached 3.006 million 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 and 7.47 million units, up 14.5% and 11.2% YoY, respectively.

(i) Passenger Vehicle Sales Increased 10.4% YoY in March

In March, passenger vehicle production and sales reached 2.574 million and 2.468 million units, up 14.4% and 10.4% YoY, respectively.

From January to March, passenger vehicle production and sales reached 6.513 million and 6.419 million units, up 16.1% and 12.9% YoY, respectively.

(ii) Commercial Vehicle Sales Decreased 2.4% YoY in March

In March, commercial vehicle production and sales reached 431,000 and 447,000 units, down 1.4% and 2.4% YoY, respectively.

From January to March, commercial vehicle production and sales reached 1.048 million and 1.051 million units, up 5.1% and 1.8% YoY, respectively.

II. NEV Sales Increased 40.1% YoY in March

In March, NEV production and sales reached 1.277 million 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 and 3.075 million units, up 50.4% and 47.1% YoY, respectively. NEV sales accounted for 41.2% of total auto sales.

III. Auto Exports Increased 1% YoY in March

In March, auto exports reached 507,000 units, up 1% YoY. NEV exports reached 158,000 units, up 26.8% YoY.

From January to March, auto exports reached 1.42 million units, up 7.3% YoY. NEV exports reached 441,000 units, up 43.9% YoY.

(Note: The above data is from CAAM.)

Please note that this news is sourced from https://mnewenergy.in-en.com/html/newenergy-2440526.shtml and translated by SMM.