China’s Vehicle Production, Sales Plunged in April

What’s new: China produced 41.1% fewer cars in April compared with the same time last year, as fallout from Covid-19 outbreaks across the country continued to pummel the economy, hurting auto sales as well.

A total of 969,000 passenger vehicles rolled off assembly lines last month, according to data (link in Chinese) from the China Automobile Dealers Association (CADA), an industry group.