China's automobile production and sales both increased year-on-year in the first quarter

According to the latest data released by the China Association of Automobile Manufacturers, in the first quarter of this year, China's automobile production and sales were 6.606 million and 6.72 million respectively, up 6.4% and 10.6% year-on-year. Among them, the production and sales of passenger cars were 5.609 million and 5.687 million respectively, up 6.6% and 10.7% year-on-year respectively. In March, the production and sales of passenger cars were 2.25 million and 2.236 million respectively, up 76.7% and 67.8% month-on-month.