On March 11, the China Automobile Association released the news that China's february automobile sales increased by 18.7% year-on-year and 0.9% month-on-month, and China's new energy vehicle sales in February increased by 184.3% year-on-year.
According to the disclosure, from January to February 2022, the production and sales of the automotive industry remained stable overall, continuing to maintain growth year-on-year, and showing 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.
(Proofreading/New)