China’s auto market saw a strong rebound in April, with passenger vehicle sales rising 14.8% year-on-year to 1.78 million units, marking the third consecutive monthly increase. According to data from the China Passenger Car Association (CPCA), total car sales for the first four months of 2025 reached 6.97 million units, up 8.2% compared to the same period last year.
A key driver behind this growth is a government-backed trade-in subsidy program favoring new energy vehicles (NEVs), which include electric vehicles (EVs) and plug-in hybrids. NEVs accounted for 50.8% of total car sales in April, soaring 33.9% from a year earlier. By April 24, the program had subsidized 2.71 million vehicles, helping sustain consumer confidence amid rising U.S. tariffs on Chinese exports.
However, China’s car exports fell for the second straight month, down 2.2% in April following an 8% drop in March, highlighting ongoing pressure from international trade tensions.
On the domestic front, consumer enthusiasm for automated-driving systems appears to be waning. BYD’s move to make its “God’s Eye” driver-assistance system standard across all models initially fueled interest, but a recent government clampdown on misleading marketing terms like “smart” and “autonomous” is reshaping public perception. The shift follows a fatal accident involving a Xiaomi SU7 EV, which caught fire after crashing into a cement pole when a driver tried to override its assisted-driving mode.
While government incentives continue to boost NEV adoption, evolving consumer priorities and regulatory scrutiny over autonomous tech are reshaping how automakers position their products in the world’s largest auto market.


Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns
Asian Currencies Hold Steady as Traders Await Fed Decision; Aussie Dollar Edges Higher
RBA Holds Rates but Warns of Rising Inflation Pressures
Global Markets Steady as Yen Holds Firm After Japan Earthquake Amid Central Bank Focus
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines
Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move
Australia’s Business Conditions Ease in November as Capacity Constraints Persist
Silver Prices Surge to New Record Above $60 as Supply Concerns and Fed Expectations Boost Demand
Australia’s Labour Market Weakens as November Employment Drops Sharply
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate
China Warns of Rising Global Risks as Tariff Pressures Intensify in 2025
Wall Street Futures Steady as Markets Await Fed Decision; Nvidia Gains on China Chip Sales Approval
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen
U.S. Economic Outlook 2026: Growth Seen Strengthening as Fiscal Support Ramps Up
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 



