The data of the Chinese Automobile Manufacturers Association showed that in China’s production and sales in China, in the first quarter of this year, about 7.561 million and 7.47 million units, an annual increase of 14.5 percent and 11.2 percent, while the production and sales of the new energy -energy car increased by 50.4 percent and 47.1 percent, respectively.
The Chinese “Xinhua” agency said that thanks to motivational policies, the auto sector witnessed a remarkable popularity, as the production and sales of passenger cars in the first quarter amounted to 6.513 million and 6.419 million units, with an annual increase of 16.1 percent and 12.9 percent, respectively, and policies such as replacing old cars with new ones and distributing purchase vouchers and tax exemptions in pushing consumers towards buying cars contributed New.
The data showed that the support requests related to the replacement of old cars with a new one exceeded 1.769 million applications until March 28.
She pointed out that the cars working in the new energy continue to grow, as their production in the first quarter amounted to 3.182 million units, while its sales amounted to 3.075 million, to make up more than 40 percent of the total sales of new cars.
She pointed out that Chinese brands witnessed remarkable growth, as sales of Chinese marks with 4.369 million units, an annual increase of 28.8 percent, and its market share reached 68.1 percent.
