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CN 1Q25 Car/ NEV Sales Grow 11.2%/ 47.1% YoY; Mkt Growth Expected to Persist This Yr: CAAM
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The China Association of Automobile Manufacturers (CAAM) has released the latest information showing that a series of consumption-boosting policy measures have been rapidly implemented YTD to improve the quality of the consumer market, leading to a good start for the automotive industry. In 1Q25, the production/ sales of automobiles in China reached 7.561 million/ 7.47 million units, up 14.5%/ 11.2% YoY. Of which, new energy vehicle (NEV) production/ sales touched 3.182 million/ 3.075 million units, up 50.4%/ 47.1% YoY. In addition, new NEV sales accounted for 41.2% of total new car sales. AAStocks Financial News |
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