Robert Besser
15 May 2025, 10:14 GMT+10
SHENZHEN, China: China's passenger car sales climbed for the third consecutive month in April, increasing 14.8 percent from a year earlier, as government-subsidized auto trade-ins helped offset the impact of U.S. tariffs on consumer sentiment, data from the China Passenger Car Association (CPCA) showed.
Passenger vehicle sales reached 1.78 million units last month, bringing the total for the first four months of 2025 to 6.97 million units, an 8.2 percent rise from the same period in 2024.
Sales of new energy vehicles (NEVs), including electric cars and plug-in hybrids, surged 33.9 percent year-on-year, accounting for 50.8 percent of total car sales in April. A government program offering higher subsidies for trade-ins of old cars for NEVs than for gasoline vehicles covered 2.71 million cars as of April 24, cushioning the impact of increased U.S. tariffs on Chinese exports.
However, car exports declined 2.2 percent in April, extending an 8 percent drop recorded in March, the CPCA said.
Meanwhile, automated driving systems are losing traction as a sales driver in the domestic market. The shift comes after BYD announced in February it would include its "God's Eye" driver-assistance system as free standard equipment across its lineup.
The appeal of these systems has waned following a fatal crash involving a Xiaomi (1810.HK) SU7 sedan in March. The EV caught fire after hitting a cement pole, seconds after the driver tried to regain control from the car's assisted-driving system, prompting a government crackdown on marketing terms like "smart" and "autonomous" to describe such technology.
Get a daily dose of Bangladesh Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Bangladesh Sun.
More InformationMathura (Uttar Pradesh) [India], May 15 (ANI): In a unique initiative to boost the physical and mental health of inmates, Jail Premier...
New Delhi [India], May 15 (ANI): Former Sri Lanka and Canada international Pubudu Dassanayake has been appointed as the new head coach...
New Delhi [India], May 15 (ANI): Head coaches are the cornerstone of any football team, the master strategists and cultural architects....
New Delhi [India] May 15 (ANI): West Indies all-rounder Romario Shepherd and England's Liam Livingstone have returned to India and...
Virat Kohli announced his retirement from Test cricket on Monday. While his Instagram message just said this was the right time,...
New Delhi [India], May 14 (ANI): Virat Kohli, a modern-day Test icon who impressed in SENA (South Africa, England, New Zealand, Australia)...
SHENZHEN, China: China's passenger car sales climbed for the third consecutive month in April, increasing 14.8 percent from a year...
NEW YORK, New York - U.S. stocks were bought up on the Nasdaq Composite and Standard and Poor's 500 while the Dow Jones industrial...
WASHINGTON, D.C.: U.S. worker productivity fell in the first quarter of the year for the first time in nearly three years, leading...
TAIPEI, Taiwan: Taiwan's China Airlines has placed an order for 14 Boeing 777X wide-body aircraft, consisting of 10 777-9 passenger...
HOUSTON, Texas: Citgo Petroleum, the Houston-based refiner owned by Venezuela, posted a net loss of US$82 million for the first quarter,...
TAIPEI, Taiwan: Taiwan's exports grew much more than expected in April, as buyers rushed to purchase its high-tech products before...
