China’s passenger car exports surge nearly 85% in April as domestic sales slump
Gasoline-vehicle deliveries plunged as electric car demand and exports rose, but they did not offset the weakest April sales since 2022, the China Passenger Car Association said.
- China's passenger car sales fell 21.5% in April after gasoline vehicle deliveries plunged due to the Iran oil shock, according to data from the China Passenger Car Association.
- Internal combustion engine car sales dropped by a third, while new energy vehicle sales fell 6.8% amid rollbacks of trade-in subsidies and reintroduction of purchase taxes on EVs.
- Total car sales in China hit 1.4 million last month, the lowest April level since the 2022 Covid lockdowns, while EV penetration reached over 60% of new car sales.
- Overall exports grew 112%, driven by overseas EV and plug-in hybrid shipments, while BYD posted a 16% April sales decline though overseas sales surged 71%; Tesla Inc. shipped 79,478 EVs from Shanghai.
- Li Yanwei, an advisor to the China Automobile Dealers Association, warned that if auto-related purchases remain below 8% for the year, the industry could face a deep structural downturn amid job losses.
27 Articles
27 Articles
What Is Driving China’s Massive Car Export Growth
China saw a sharp rise in passenger car exports in April even as domestic auto sales continued to weaken, according to data released by the China Association of Automobile Manufacturers. The report said China exported nearly 796,000 passenger vehicles last month, marking an 85% jump from a year earlier. Exports of new energy vehicles, including electric cars and plug-in hybrids, surged more than 120% to roughly 420,000 units. China’s exports of …
Associated Press News
China’s passenger car exports surge nearly 85% in April as domestic sales slump
China’s exports of passenger cars have surged in April, according to an industry group. The China Association of Automobile Manufacturers reported an almost 85% increase from a year ago, reaching around 796,000 vehicles.
China’s Car Sales Slump as Gasoline Demand Craters
Car sales in China fell by 21.5% in April, driven by lower demand for gasoline-powered vehicles amid higher fuel prices. EV demand failed to offset the drop in internal combustion engine vehicle sales, as well. According to data cited by Bloomberg, total car sales in China last month hit 1.4 million. This was the lowest since 2022, when China was still in the grip of Covid lockdowns. Internal combustion engine car sales suffered a decline of ove…
The oil crisis reaches the Chinese car market. Sales in April fell by more than 20 percent year-on-year. Burners in particular are less in demand.
China's car sales drop for seventh month in April, exports roar
BEIJING: China's car sales fell again in April as export growth stayed strong, with automakers increasingly targeting overseas markets to offset intense competition at home, where a push toward higher-end models has yet to reverse a broader slowdown.
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
