GO
| HSI1 | 25,893.54 | +141.14 | 246.32B |
| HSCEI1 | 8,655.04 | +43.21 | 75.28B |
| Back Zoom + Zoom - Block Traded | |
|
CAAM: Mar Auto Sales Surge 60% MoM; NEV Exports Jump 1.3x YoY
2026-04-10 14:06:19 Data released by the China Association of Automobile Manufacturers (CAAM) showed that in March 2026, domestic automobile production and sales reached 2.917 million units and 2.899 million units, representing MoM increases of 74.4% and 60.6%, respectively, highlighting a significant rebound in market activity. Automobile production and sales posted a sharp MoM recovery. Experts noted that the rapid MoM growth in March was in line with historical seasonal patterns and was directly supported by the full implementation of local subsidy policies, the launch of spring auto show promotions, and the rollout of new vehicle models by automakers. Data also showed that exports recorded better-than-expected growth in March 2026. Automobile exports reached 875,000 units, up 30.2% MoM and 72.7% YoY. Among them, new energy vehicle (NEV) exports amounted to 371,000 units, surging 130% YoY. In 1Q26, exports maintained strong growth momentum. Total automobile exports reached 2.226 million units, up 56.7% YoY, of which NEV exports totaled 954,000 units, representing a 120% YoY increase. Chen Shihua, Deputy Secretary-General of CAAM, said the rapid growth in automobile exports was mainly driven by NEVs, which have become the core engine supporting export expansion. In addition, a complete and efficient automotive industry chain ensures stable supply and delivery capabilities. Combined with economies of scale, this has further enhanced the international competitiveness of domestic automobile products. (ta/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |