From January to April, China's automobile production and sales both exceeded 10 million units for the first time.

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 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 sales of new cars.

In terms of exports, from January to April this year, China exported 1.937 million vehicles, up 6% YoY. Among them, the exports of NEVs reached 642,000 units, up 52.6% YoY.

A relevant official from the China Association of Automobile Manufacturers (CAAM) stated that since the beginning of this year, various macro policies have worked in coordination, and the economy has shown a positive trend, providing strong support for the stable growth of China's auto market. Meanwhile, the timely implementation of policies such as the program of large-scale equipment upgrades and consumer goods trade-ins, the continuous upgrading of enterprises' product technologies, and the relative stability of product prices have jointly promoted the sustained release of market vitality.