China’s March auto sales forecast at 2.38 million units, up 64% from February

China’s January-March auto sales are estimated at 6.34 million units, up 72.8 percent from a year earlier.
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China’s March auto sales are estimated at 2.38 million units, up 64 percent from February and 66.8 percent year-on-year, the China Association of Automobile Manufacturers (CAAM) said in a short report on April 8.

Passenger car sales are expected to increase by 73.4% year-on-year, while commercial vehicle sales are expected to increase by 55.5% year-on-year.

China’s January-March auto sales are estimated at 6.34 million units, up 72.8 percent from a year earlier.

Passenger vehicle sales were up 74.1 percent year-on-year and commercial vehicle sales were up 71.2 percent year-on-year, the report said.

The three US-listed Chinese electric vehicle startups – Nio, Xpeng Motors, and Li Auto, all saw significant increases in deliveries in March compared with February.

Nio delivered 7,257 vehicles in March, up 373.4 percent year-on-year and up 30 percent from February, setting a new high for deliveries in a single month.

Nio delivered 20,060 units in the first quarter, exceeding 20,000 units for the first time in a single quarter.

Xpeng Motors delivered 5,102 vehicles in March, up 384% year-on-year and 130% from February.

Xpeng delivered 13,340 units in the first quarter, up 487% year-on-year.

Li Auto’s sole model, Li ONE, delivered 4,900 units in March, up 238.6 percent year-on-year and 113 percent from February.

In the first quarter of this year, Li Auto delivered a total of 12,579 units, an increase of 334.4% year-on-year.

China’s estimated auto sales in February fell 42 percent from January, association data show

China's March auto sales forecast at 2.38 million units, up 64% from February-CnEVPost

(Photo: CnEVPost)

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