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In the first quarter, China imported less than 0.1 million Autos, a year-on-year decrease of nearly 40%! Imports of Autos from the USA were less than 0.01 million.
① In China, the import of Autos from January to March was 0.095 million units, a year-on-year decrease of 39%, marking a significant decline in this period that is rarely seen. ② The import of vehicles from the USA fell to 8,870 units from January to March; representing a 66% year-on-year decrease, and this decline continued in March.
Cui Dongshu: From January to March, 0.095 million Autos were imported, a decrease of 39% year-on-year.
From January to March 2025, the number of imported Autos was 0.095 million units, a decrease of 39% year-on-year, which is a significant decline rarely seen in recent years for the period of January to March.
When Autos "roll" towards the sky: Xpeng Huitian, Fengfei, GAC and others showcase eVTOL for the first time at the Shanghai Auto Show | New Forces in the Auto Show.
① The 2-ton level eVTOL from Fengfei Aviation, Xiaopeng Huitian's "land aircraft carrier", and GAC high domain's GOVY-Aircar all made their appearance at the Shanghai Auto Show; ② Reports indicate that these manufacturers' eVTOLs/flying cars are making their debut at the Shanghai Auto Show.
The Shanghai Auto Show witnesses the "mutual rush" of Chinese and foreign enterprises: multinational car companies are deeply cultivating the Chinese market while domestic supply chain enterprises are accelerating their move towards Global.
① The 2025 Shanghai Auto Show focuses on smart electric vehicles, with foreign car companies accelerating their integration into the China supply chain, and local innovative forces rising; ② Under the pressure of transformation, Toyota deepens its local layout by establishing a wholly-owned factory in Shanghai, betting on localization and supply chain synergy; ③ Joint venture brands strengthen collaboration in local innovation chains, as China supply chain companies accelerate their dominance in the Global smart electric vehicle industry.
Electric vehicle sales are strong, with BYD's Q1 revenue increasing by 36.35% year-on-year and net income soaring by 100% compared to last year.
The new energy business continues to be strong, helping BYD achieve a 36.35% year-on-year increase in revenue in Q1, a 100.38% year-on-year increase in net income attributable to the parent company, setting a record high for a single quarter, and a 117.80% year-on-year increase in net income after stripping out non-recurring items.
Express News | BYD achieved revenue of 170.36 billion yuan in Q1, a year-on-year increase of 36.35%.