China's passenger car exports fall

China's passenger car exports (including complete vehicles and CKD) in April were 423,000 units, down 2% year-on-year and up 7% month-on-month. Passenger car manufacturers exported 1.55 million units in the first four months, up 1% year-on-year. New energy vehicles accounted for 44.6% of total exports, up 14 percentage points from the same period last year.