Industry Data

Xiaomi enters the game, accelerating changes in China’s market

GlobalData report shows China light vehicle wholesales reach 2.1 million units in March

May 3, 2024

China’s automobile market experienced flat growth in the first quarter of 2024, with intensifying competition. In March, domestic sales of Light Vehicles (LV), excluding exports, reached 2.1 million units, reflecting a 4.6% year-on-year (YoY) increase.

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