SHANGHAI, May 5 (SMM) – About 298,900 units of new energy vehicles (NEVs) were sold in China in the first three months of 2019, up 109.7% from a year ago, according to data from the China Association of Automobile Manufacturers (CAAM) released on April 12.
Pure electric cars accounted for 227,000 units, up 121.4% year on year, and sales of plug-in hybrid rose 79.1% to 72,000 units.
However, overall sales of cars in China posted an 11.3% year-over-year decline in January-March, and stood at 6.37 million units.
The year-on-year drop in auto sales in March was much smaller than the declines in January and February, showing signs of recovery in the market.
![This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]](https://imgqn.smm.cn/usercenter/obeMy20251217171735.jpg)
![Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]](https://imgqn.smm.cn/usercenter/LVqfJ20251217171736.jpg)
