BEIJING (Reuters) – Car sales in China increased by 14.4% in March compared to the previous year, exchanges subsidized by the government that supported the demand for electric vehicles (VE) and rechargeable hybrid, despite the worsening of deflationary pressures on the largest automotive market in the world.
Sales of private vehicles reached 1.97 million units last month and increased by 6.1% to 5.18 million units in the first quarter, according to data from the Chinese Cars Association (CPCA) published on Wednesday.
The VEs and rechargeable hybrids exceeded petrol cars for the first time in four months and represented 50.4% of total sales in March.
The American “bonus” bonus program “rewards the transition to the VE with higher subsidies and covered 2 million cars at the start of this year, while families were cautious in their expenses due to employment and income concerns.
The Chinese giant of the VE Byd, which depends on its domestic market for 90% of its world sales, beat Tesla in terms of world VE deliveries for the second consecutive quarter during the January-March period.
Byd launched a VE VE Prize war in February, which prompted a series of car manufacturers, including Leapmotor, Geely and Toyota, to offer affordable intelligent driving technology as a standard equipment rather than as a higher characteristic on their new cars.
Nevertheless, a fatal accident involving one of the SU7 sedans of Xiaomi at the end of last month aroused a debate on the security of intelligent driving systems, which prompted the founder Lei Jun to promise to “respond to the concerns of families and society”.
Xiaomi, who has been on the rise since the launch of the SU7 in March of last year, noted in mid-March its delivery target for electric vehicles for 2025 to 350,000 units.
Car exports dropped 8% last month compared to the previous year, reversing the 11% increase recorded in February.
(Written by Qiaoyi Li, Zhang Yan and Brenda Goh, Mara Vîlcu for the , edited by Augustin Turpin)
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