Yahoo Sports

China's April car sales swing to contraction despite NEV milestone

China's car sales fell 5.8% in April from a year earlier, industry data showed on Friday, as a ferocious price war and incentives failed to shake off consumers' caution about spending on big items during a shaky economic recovery. While the share of new energy vehicle sales scaled a new high, paving the way for the world's largest auto market to fast-track its green goal, sales of electric vehicles are still far slower than those of plug-in hybrids (PHEVs). Sales of passenger vehicles were 1.55 million units in April, down 9.6% from March, the China Passenger Car Association (CPCA) said.