China's March auto sales forecast at 2.38 million units, up 64% from February
China's March auto sales are estimated at 2.38 million units, up 64 percent from February and 66.8 percent year-on-year, the China Association of Automobile Manufacturers (CAAM) said in a short report on April 8.
Passenger car sales are expected to increase by 73.4% year-on-year, while commercial vehicle sales are expected to increase by 55.5% year-on-year.
China's January-March auto sales are estimated at 6.34 million units, up 72.8 percent from a year earlier.
Passenger vehicle sales were up 74.1 percent year-on-year and commercial vehicle sales were up 71.2 percent year-on-year, the report said.
The three US-listed Chinese electric vehicle startups – NIO, XPeng Motors, and Li Auto, all saw significant increases in deliveries in March compared with February.
NIO delivered 7,257 vehicles in March, up 373.4 percent year-on-year and up 30 percent from February, setting a new high for deliveries in a single month.
NIO delivered 20,060 units in the first quarter, exceeding 20,000 units for the first time in a single quarter.
XPeng Motors delivered 5,102 vehicles in March, up 384% year-on-year and 130% from February.
XPeng delivered 13,340 units in the first quarter, up 487% year-on-year.
Li Auto's sole model, Li ONE, delivered 4,900 units in March, up 238.6 percent year-on-year and 113 percent from February.
In the first quarter of this year, Li Auto delivered a total of 12,579 units, an increase of 334.4% year-on-year.