CAAM: China's NEV Sales Soared 40.1% YoY in March

According to data released by CAAM, in March 2025, NEV production and sales reached 1.277 million and 1.237 million units, up 47.9% and 40.1% YoY, respectively. From January to March 2025, NEV production and sales totaled 3.182 million and 3.075 million units, up 50.4% and 47.1% YoY, respectively.

In March 2025, NEV sales in the domestic market reached 1.079 million units, up 41.9% MoM and 42.3% YoY. From January to March 2025, NEV sales in the domestic market totaled 2.633 million units, up 47.6% YoY.

In March 2025, NEV exports reached 158,000 units, up 20.1% MoM and 26.8% YoY. From January to March 2025, NEV exports totaled 441,000 units, up 43.9% YoY.

Please note that this news is sourced from https://baijiahao.baidu.com/s?id=1829635197370252804&wfr=spider&for=pc and translated by SMM.