In particular, retail sales of new energy vehicles in China are likely to reach 900,000 units, with the NEV market penetration rate of about 52.9 percent in March, exceeding 50 percent again, signaling that NEV has become the main driver of the market recovery, and their market share is growing week by week. a week after the Chinese New Year holiday. The momentum is fueled by the implementation of the trade-in subsidy policy and the concentrated launch of new spring models.
CPCA: Passenger car sales in China totaled 1.7 million units in March 2026
The Chinese Passenger Car Association (CPCA) said that retail sales of passenger cars in China are expected to reach 1.7 million units in March this year, up 64.5 percent month-on-month and down 12.4 percent year-on-year.
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