According to the news of the WeChat public account of the China Automobile Association on March 11, 2022, the production and sales of the automotive industry remained stable as a whole, and continued to grow year-on-year, and showed a 10% increase over the same period in 2019. From the perspective of subdivided models, the production and sales of passenger cars have declined month-on-month, maintaining rapid growth year-on-year, and the production and sales of commercial vehicles have declined month-on-month and year-on-year, and the performance is still sluggish. The overall performance of new energy vehicles this month remained outstanding, declining month-on-month and maintaining rapid growth year-on-year. In addition, although automobile exports this month also showed a certain decline compared with the previous month, they still maintained a growth momentum year-on-year.
Specifically, in February, automobile sales increased by 18.7% year-on-year, and new energy vehicle sales increased by 1.8 times year-on-year.
