China Sales Drop 21.6%, Exports Surge 80%

China's domestic passenger car sales fell 21.6% YoY in April to 1.4 million units, marking a seventh consecutive month decline.
Electric vehicle and plug‑in hybrid sales, representing 60.6% of total, dropped 6.8% YoY, extending a four‑month decline.
Vehicle exports rose 80.2% YoY in April, with EV and plug‑in hybrid exports surging 111.8%, driven by higher global fuel prices.
BYD, China's top‑selling automaker, is shifting focus toward export markets amid sluggish domestic demand.