China’s auto sales surge 75% in March, 12th straight monthly gain

chinas auto sales surge 75 in march 12th straight monthly gain

Sumary of China’s auto sales surge 75% in March, 12th straight monthly gain:

  • Article content BEIJING — Auto sales in China surged in March for their 12th consecutive month of gains, as the world biggest car market leads the sector recovery from the COVID-19 pandemic..
  • Sales reached 2.53 million vehicles in March, up 74.9% year-on-year, data from the China Association of Automobile Manufacturers (CAAM) showed..
  • Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids and hydrogen fuel-cell vehicles, increased 239% in March to 226,000 units..
  • NEV makers, such as homegrown Nio Inc and Xpeng Inc , as well as foreign groups, such as Tesla Inc, are expanding manufacturing capacity in China as it promotes greener vehicles to cut air pollution..
  • Another Chinese auto industry body, China Passenger Car Association, said on Friday Tesla sold 35,478 China-made cars in March…

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