XPeng Inc. (XPEV) Partners with Dealership Sime Darby Motors to Bring Cars to Hong Kong

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Go back to XPeng Inc. (XPEV) Partners with Dealership Sime Darby Motors to Bring Cars to Hong Kong

China's first-quarter EV sales growth slowest in a year

April 9, 2024 4:15 AM EDT

BEIJING (Reuters) -Sales of electric passenger vehicles in China rose 10.5% in March from the same month a year earlier, industry data showed on Tuesday, as automakers led by popular BYD deepened discounts and offered financing tools to boost sales.

For January-March, sales totalled 1.03 million EVs, up 14.7% on year and the slowest quarterly growth since the second quarter of 2023, the data from the China Passenger Car Association (CPCA) showed.

New energy vehicles (NEV) including all-electric models and plug-in hybrids made up 41.5% of overall passenger car sales in March, which jumped 5.7% to 1.71 million... More