China’s passenger car sales surged 14.4% YoY in March to 1.94 million units, marking the fastest March growth in a decade, driven by government subsidies and reduced price competition. Compared to February, sales jumped 40%, with new-energy vehicle (NEV) sales — including EVs and plug-in hybrids — rising 38% to 991,000 units. While overall passenger car exports dipped 8%, NEV exports increased 6.4%. Tesla saw an 11% drop in local sales, selling 78,828 vehicles and exporting 4,701.