China's Auto Production in March 2026: NEV and ICEV NdFeB Consumption Rises YoY and MoM

Published: Apr 13, 2026 08:59
[SMM Rare Earth News Flash] According to data released by CAAM, China's automobile production in March 2026 reached 2.917 million units, of which NEV production was 1.231 million units and internal combustion engine vehicles 1.686 million units. According to the SMM end-use demand model, NdFeB consumption from NEVs in March 2026 was 5,260.8 mt, and NdFeB consumption from internal combustion engine vehicles was 534.2 mt. Both NdFeB consumption from NEVs and internal combustion engine vehicles increased YoY and MoM.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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