Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China reports increase in automobile sales in April

May 10, 2021


Abstract : China's major automakers reported increase in sales of vehicles in April this year, while sales of new energy vehicles (NEV) showing a sharp increase, according to data released by the auto makers recently.

XxjpbeE007617_20201204_PEPFN0A001_500x500.JPG

A visitor experiences a new energy vehicle (NEV) at a promotional activity for NEVs in rural areas held in Kunming, southwest China's Yunnan Province, Dec. 4, 2020. (Xinhua/Jiang Wenyao)

BEIJING, May 10 (Xinhua) -- China's major automakers reported increase in sales of vehicles in April this year, while sales of new energy vehicles (NEV) showing a sharp increase, according to data released by the auto makers recently.

Changan Auto announced recently that it has sold more than 200,000 vehicles in April, up 26.78 percent year on year, while its accumulated auto sales in the first four months surged more than 82 percent year on year to over 840,000 units.

GAC Group, a leading automobile maker based in south China's Guangdong Province, reported a year-on-year increase of 12.52 percent in auto sales to nearly 190,000 units, while its auto sales in the first four months totaled more than 680,000 units, up 44.73 percent year on year.

The new energy auto sales also remained strong performance in April. China's leading NEV manufacturer BYD sold nearly 26,000 NEVs in April, more than double the sales from a year earlier.

Particularly, the performance of many emerging auto makers in April also maintained strong growth. Chinese electric car maker, NIO reported its sales hiked 125 percent year on year to 7,100 vehicles in April, bringing its cumulative sales in the first four months to 27,000 ones.

Li Auto Inc., another Chinese NEV manufacturer saw its sales surge 111.3 percent year on year to more than 5,500 units in April, with the company delivering more than 51,000 NEVs by the end of April this year.

Similarly, the sales surge also occurred at Xpeng Motors, whose total sales surged 285 percent year on year to 5,100 vehicles, bringing its total sales to 19,000 units during the January to April period.

Thanks to China's consumption promotion policy, the domestic auto market has maintained a fast growth trend in sales since the year begins. Previous forecast from the China Association of Automobile Manufacturers (CAAM) showed that the auto industry's sales in April are expected to reach about 2.17 million units, up about five percent year on year.

Analysis revealed that China's innovative NEV production technology and strong market demand will continue to promote the sales of NEVs to maintain a high growth in the future.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)

Scan the QR code and push it to your mobile phone

Keyword: NEV

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial