Published: 12:11, April 14, 2024 | Updated: 12:59, April 14, 2024
Chinese-brand passenger vehicle sales surge in Q1
By Xinhua
More than 2,500 Chinese vehicles are to be loaded onto ships through foldable multilayered vehicle carriers at Taicang Port in Suzhou, Jiangsu province, in March, 2023 . (PROVIDED TO CHINA DAILY)

BEIJING - Sales of Chinese-brand passenger vehicles soared 26.4 percent year on year in the first quarter (Q1) of 2024, industry data showed.

In March alone, nearly 1.33 million such vehicles were sold, with the market share up 7.2 percentage points from a year earlier to 59.3 percent

About 3.39 million such vehicles were sold during this period, according to the China Association of Automobile Manufacturers.

The market share of domestic-brand passenger vehicles rose 7.4 percentage points year-on-year to 59.6 percent during the period.

In March alone, nearly 1.33 million such vehicles were sold, with the market share up 7.2 percentage points from a year earlier to 59.3 percent.