China passenger new-energy vehicle wholesale sales are estimated at 1.22 million
units in April, up 7% from a year earlier and 7% from March, according to
preliminary data from the China Passenger Car Association, extending both
year-on-year and month-on-month gains.
The CPCA said higher oil prices accelerated the shift from gasoline vehicles to
EVs in both domestic and overseas markets, while optimized production schedules
helped lift April sales growth to a record 7% month-on-month increase for the
period. The association also cited stronger demand driven by the Beijing auto
show, new and facelifted model launches, and rising EV travel demand ahead of
the May Day holiday.
The group added that overseas demand for Chinese NEVs remained strong amid
elevated fuel prices, with Chinese brands benefiting from leading product
competitiveness and pricing advantages that continued to support export growth.
