KATHMANDU: China’s vehicle exports saw strong growth in March despite shipment disruptions caused by the Middle East crisis.
According to the China Passenger Car Association, exports increased by 73.7 percent year-on-year to nearly 700,000 units, faster than the 54.1 percent growth recorded in the first two months.
The association’s secretary-general, Cui Dongshu, said exports have entered a phase of “super high growth,” exceeding expectations.
In contrast, domestic sales declined by 15.2 percent to 1.67 million units, marking the sixth consecutive monthly drop. Demand for combustion engine vehicles remained weak, while EV sales were impacted by reduced incentives and a slow economic recovery.
Amid strong competition at home, BYD reported its seventh straight monthly sales decline, although the company continues to see growth in overseas markets and expects exports to exceed 1.5 million units this year.
