Softer US Manufacturing Data Boosts Rate Cut Odds

[Chery Group Exported Nearly 150,000 Vehicles in March] On April 2, Chery Group announced that, after becoming the first Chinese-branded automaker to surpass 6 million in cumulative exports in February, it exported 148,777 vehicles in March, up 72% YoY, setting a new record for monthly automobile exports from China; cumulative exports in Q1 reached 393,311 vehicles, up 53.9% YoY. As of then, Chery had exceeded 100,000 vehicle exports in a single month for 11 consecutive months.

[Three Consecutive Monthly Sales Championships, SAIC Sold 973,000 Vehicles from January to March] SAIC released its latest sales data. In March, it achieved vehicle sales of 376,000 units, successfully securing “three consecutive monthly sales championships” since the start of this year; from January to March, cumulative wholesale sales reached 973,000 units, up 3% YoY, maintaining a steady upward trend; retail sales reached 1.008 million units, making it the only automaker in China’s auto industry to surpass 1 million sales in Q1.