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China Association of Automobile Manufacturers: In March, the national new energy passenger car market retail sales reached 784k units, a year-on-year decrease of 21%.
According to the China Passenger Car Association, preliminary statistics show that from March 1 to 31, the retail sales of new energy passenger vehicles nationwide reached 784k units, a 21% decrease year-on-year compared to March last year, and a 69% increase compared to the previous month. Year-to-date, cumulative retail sales have reached 784k units, a 24% decrease year-on-year; from March 1 to 31, the wholesale volume of new energy passenger vehicles by manufacturers nationwide was 1.84M units, unchanged from March last year, and a 56% increase compared to the previous month. Year-to-date, cumulative wholesale volume has reached 1.13M units, a 5% decrease year-on-year.