GAC Group's sales volume fell in March, with poor performance in the new energy vehicle sector

Recently, GAC Group announced the production and sales data of automobiles in March. The data showed that the company's automobile production in March was 160,500 units, a year-on-year decrease of 38.36%; the cumulative production this year was 402,800 units, a year-on-year decrease of 28.57%. The automobile sales in March were 179,300 units, a year-on-year decrease of 22.62%; the cumulative sales this year were 409,700 units, a year-on-year decrease of 24.11%. Among them, the sales of new energy vehicles in March were 33,600 units, a year-on-year decrease of 23.76%; the cumulative sales this year were 66,800 units, a year-on-year decrease of 23.23%.