en.Wedoany.com Reported - WeDoAny.com (10th) — According to information from the China Association of Automobile Manufacturers, China's automobile market saw increased activity in March this year, with both production and sales experiencing significant month-on-month growth. Additionally, exports continued their strong growth trend in the first quarter.
Latest data shows that in March this year, China's automobile production and sales reached 2.917 million and 2.899 million units respectively, representing month-on-month increases of 74.4% and 60.6%. Experts stated that the rapid month-on-month growth in automobile production and sales in March aligns with historical seasonal patterns and is directly related to the comprehensive implementation of local subsidy policies, the launch of promotional activities at spring auto shows, and the successive release of new vehicle models by automakers.
Furthermore, automobile exports in March also showed growth exceeding expectations. Exports reached 875,000 units, up 30.2% month-on-month and 72.7% year-on-year. Among these, new energy vehicle exports amounted to 371,000 units, a 130% year-on-year increase. Moreover, from January to March, automobile exports totaled 2.226 million units, a 56.7% year-on-year increase. Within this period, new energy vehicle exports reached 954,000 units, surging 120% year-on-year.
Chen Shihua, Deputy Secretary-General of the China Association of Automobile Manufacturers, stated that the rapid growth in China's automobile exports is the result of multiple favorable factors working together. Firstly, new energy vehicles have become the core driver of growth in automobile exports. Secondly, a complete and efficient automotive industry chain ensures stable supply and delivery capabilities, which, combined with economies of scale, further enhances the international competitiveness of Chinese automotive products. It can be said that the rapid growth in automobile exports is a concentrated reflection of the transformation, upgrading, and enhanced comprehensive strength of China's automobile industry.
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