Sales Performance: Exports Soar, Domestic Market Under Pressure
Outstanding Export Performance: In the first quarter of this year, China's automotive exports surged by 56.7% year-on-year. Notably, exports of new energy vehicles (NEVs) skyrocketed by 120%—a 1.2-fold increase—emerging as the most powerful engine driving industry growth.
Domestic Market Cools: Influenced by factors such as slowing demand, the domestic automotive market is facing considerable pressure. During the first half of April (April 1–26), retail sales in the national passenger vehicle NEV market declined by 11% year-on-year.
"Trade-in" Policies Yield Significant Results: As of mid-April, the national volume of vehicles traded in under replacement schemes had exceeded 1.67 million units. Significantly, among consumers participating in these trade-in programs, over 60% chose to purchase new energy vehicles.