Beijing: China's auto output and sales reported double-digit increases in the first four months of the year, indicating vibrant domestic consumption despite global uncertainties.
According to Qatar News Agency, auto production stood at nearly 10.18 million units in the period, up 12.9% from a year ago, while auto sales rose 10.8% to 10.06 million units, the China Association of Automobile Manufacturers (CAAM) said.
New energy vehicles (NEVs) posted strong growth. NEV production surged 48.3% year-on-year to nearly 4.43 million units in the first four months, with sales up by 46.2% year-on-year to 4.3 million units. NEVs accounted for 42.7% of total new vehicle sales in China in the period.
Data also showed that the country's auto exports climbed 6% year-on-year to nearly 1.94 million units in the first four months. Notably, NEV exports soared 52.6% to 642,000 units.