On March 12th, the China Passenger Car Association (CPCA) unveiled statistics indicating that from March 1st to 9th, nationwide retail sales of passenger vehicles amounted to 364,000 units, marking a 14% year-on-year increase and a 52% jump compared to the previous month. Since the start of the year, cumulative retail sales have reached 3,539,000 units, reflecting a 2% year-on-year growth. Notably, during the same period, retail sales of new energy passenger vehicles soared to 204,000 units, recording a robust 44% year-on-year increase and a remarkable 116% month-on-month surge. Since January, cumulative retail sales of new energy passenger vehicles have hit 1,630,000 units, indicating a 36% year-on-year rise.
