China’s automobile production and sales declined in March from the previous year, according to China Association of Automobile Manufacturers. Since the pandemic is yet to come under completely come under control , market demand is low.
Auto production March | Production Units | Change (%) Y-O-Y |
| Overall production | 1.422mn | -44.5 |
| Passenger cars | 1.049mn | -49.9 |
| Commercial vehicles | 373,000 | -20.3 |
| Energy vehicles | 50,000 | -56.9 |
Auto sales March | Sales Units | Change (%) Y-O-Y |
| Overall auto sales | 1.43mn | -43.3 |
| Passenger cars | 1.043mn | -48.4 |
| Commercial vehicles | 388,000 | -22.6 |
| Energy vehicle | 53,000 | -53.3 |