Diamond Member Pelican Press 0 Posted May 11, 2025 Diamond Member Share Posted May 11, 2025 This is the hidden content, please Sign In or Sign Up ******** passenger car sales rise for a third month in April SHENZHEN, China (Reuters) -China’s car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of U.S. tariffs on consumer sentiment. Passenger vehicle sales totalled 1.78 million units last month and for the first four months of 2025 were up 8.2% from the same ******* a year earlier at 6.97 million units, data from the China Passenger Car Association (CPCA) showed on Sunday. Sales of electric vehicles and plug-in hybrids, known collectively as new energy vehicles, increased 33.9% year-on-year to make up 50.8% of total car sales last month. A government scheme that hands out larger subsides to trade-ins of old cars for NEVs than for gasoline vehicles had covered 2.71 million cars as of April 24, official data showed, cushioning the impact on ******** consumer confidence as the increase in U.S. tariffs on ******** exports disrupt trade between the world’s two largest economies. Car exports slid 2.2% in April from a year earlier, extending an 8% decline in March, CPCA data showed. For domestic buyers, however, automated-driving systems are fading as a catalyst for sales, according to the association. The focus of a years-long price war in the world’s largest auto market shifted toward next-generation automated-driving features after BYD announced in February to offer its “God’s Eye” driver-assistance system as free standard equipment across its lineup. But the fervour to tout driver-assistance systems is cooling following a government crackdown on marketing terms using “smart” or “autonomous” to describe their technology after a fatal ****** involving a Xiaomi SU7 sedan in March. The EV caught fire after hitting a cement pole, seconds after the driver tried to assume control from the car’s assisted-driving system. (Reporting by David Kirton, Jenny Wang, Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Edmund Klamann and Christian Schmollinger) This is the hidden content, please Sign In or Sign Up #******** #passenger #car #sales #rise #month #April This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/245836-chinese-passenger-car-sales-rise-for-a-third-month-in-april/ Share on other sites More sharing options...
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