China's Auto Production and Sales Surpass 10 Million Units in First Four Months, New Energy Vehicle Sales Soar

[China's Auto Production and Sales Both Surpass 10 Million Units for the First Time in the First Four Months]

Data released by the China Association of Automobile Manufacturers (CAAM) on the 12th showed that in the first four months of this year, China's auto production and sales both exceeded 10 million units for the first time in history. According to statistics, from January to April this year, China's auto production and sales reached 10.175 million units and 10.06 million units respectively, up 12.9% and 10.8% YoY. Among them, the production and sales of new energy vehicles (NEVs) reached 4.429 million units and 4.3 million units respectively, up 48.3% and 46.2% YoY. The sales of new NEVs accounted for 42.7% of the total new auto sales. In terms of exports, from January to April this year, auto exports reached 1.937 million units, up 6% YoY. Among them, NEV exports reached 642,000 units, up 52.6% YoY.