Despite the unfavorable overall international economic environment and the relatively sluggish export performance of energy storage batteries, the new energy vehicle industry, which represents the largest consumer of lithium batteries, has seen a significant increase in export volume.

On April 10th, the latest data from the China Association of Automobile Manufacturers (CAAM) showed that the economic operation of the automobile industry had a steady start in the first quarter, achieving a good opening. Specifically, the production and sales of automobiles showed rapid growth, with both passenger vehicles and commercial vehicles performing well. The momentum of rapid growth in the new energy vehicle sector continued, with a stable market share of 30%. The export of complete vehicles remained at a high level, continuing to play a positive role in driving industry growth, while Chinese brands continued to rise, maintaining a high market share.

In March, China's automobile production and sales reached 2.687 million and 2.694 million vehicles, respectively, representing a month-on-month increase of 78.4% and 70.2%, and a year-on-year increase of 4% and 9.9%. After the holiday, a large number of new cars were launched, and offline activities such as auto shows gradually resumed. Some regions introduced policies to promote sales, such as trade-in programs, which drove a rapid increase in automobile sales on a monthly and yearly basis.

In the first quarter, China's automobile production and sales reached 6.606 million and 6.72 million vehicles, respectively, representing a year-on-year increase of 6.4% and 10.6%, achieving a good start in the first quarter.

In the first quarter, China's sales of new energy vehicles reached 2.09 million units, with 307,000 units exported.

Regarding new energy vehicles, in March, China's production and sales of new energy vehicles reached 863,000 and 883,000 units, respectively, representing a year-on-year increase of 28.1% and 35.3%, with a market share of 32.8%. In March, domestic sales of new energy vehicles reached 758,000 units, an increase of 92.1% month-on-month and 32% year-on-year. The export of new energy vehicles reached 124,000 units, representing a month-on-month increase of 52% and a year-on-year increase of 59.4%.

In the first quarter, China's production and sales of new energy vehicles reached 2.115 million and 2.09 million units, respectively, representing a year-on-year increase of 28.2% and 31.8%, with a market share of 31.1%. Among them, domestic sales of new energy vehicles reached 1.783 million units, an increase of 33.3% year-on-year, while exports reached 307,000 units, an increase of 23.8% year-on-year.

According to CAAM's analysis, in the first quarter, sales of new energy passenger vehicles in China showed positive growth in all segments. Currently, sales are mainly concentrated in the B segment, with a cumulative sales of 681,000 units, a year-on-year increase of 57.2%.

In addition, in the first quarter, except for the 200,000-250,000 and 400,000-500,000 price ranges, which experienced a year-on-year decline in sales, other price ranges showed positive growth. Currently, sales are still mainly concentrated in the 150,000-200,000 range, with a cumulative sales of 535,000 units, a year-on-year increase of 18.2%.

In terms of companies, in the first quarter, the top ten enterprise groups in terms of sales of new energy vehicles totaled 1.806 million units, a year-on-year increase of 31.4%, accounting for 86.4% of the total sales volume of new energy vehicles, a decrease of 0.3 percentage points from the same period last year.

Regarding exports, in March, China exported 100,000 pure electric vehicles, representing a month-on-month increase of 50.9% and a year-on-year increase of 41%. The export of plug-in hybrid vehicles reached 24,000 units, representing a month-on-month increase of 56.7% and a year-on-year increase of 2.4 times.

In the first quarter, China exported 248,000 pure electric vehicles, an increase of 7.3% year-on-year, and 59,000 plug-in hybrid vehicles, an increase of 2.6 times year-on-year.

According to data released by the China Passenger Car Association (CPCA), in March, the production of new energy passenger vehicles in China reached 788,000 units, a year-on-year increase of 25.2% and a month-on-month increase of 84.9%. The wholesale sales volume of new energy passenger vehicles reached 810,000 units, a year-on-year increase of 31.1% and a month-on-month increase of 81.3%. The retail sales of new energy vehicles reached 709,000 units, a year-on-year increase of 29.5% and aI'm sorry, but I don't have access to real-time data as my knowledge was last updated in September 2021. Therefore, I cannot provide you with the most recent information on China's automobile industry or the specific data for April 2024. I recommend referring to reliable news sources or industry reports for the latest updates on the Chinese automobile industry.