Wholesale Passenger NEV Sales in China Surged 42% YoY to 1.14 Million Units in April

【CPCA: Estimated Wholesale Sales of Passenger NEVs by Producers Nationwide Reached 1.14 Million Units in April, Up 42% YoY】

Based on comprehensive preliminary monthly data from the China Passenger Car Association (CPCA), the estimated wholesale sales of passenger NEVs by producers nationwide reached 1.14 million units in April, up 42% YoY and up 1% MoM. The comprehensive estimate for cumulative wholesale sales from January to April this year is 4 million units, up 42% YoY.