New Energy Vehicle Exports Surge 1.1 Times YoY in April

Data from the China Association of Automobile Manufacturers shows that in April, China's auto exports reached 901,000 vehicles, up 3% month-on-month and 74.4% year-on-year. In the first four months of this year, total auto exports amounted to 3.127 million vehicles, with an increase of 61.5% compared to the same period last year. Among these, new energy vehicle (NEV) exports in April stood at 430,000 units, with a year-on-year increase of 1.1 times. From January to April, NEV exports totaled 1.384 million units, rising 1.2 times year-on-year.