According to the statistical analysis of China Automobile Industry Association, the overall performance of passenger car sales in March 2022 was lower than expected due to the frequent epidemic, tight chip supply, rising prices of raw materials and other factors. In March 2022, the production and sales of passenger cars were 1.881 million and 1.864 million, with a month on month increase of 22.4% and 25.1%, and a year-on-year decrease of 0.1% and 0.6%. From January to March 2022, the production and sales of passenger cars were 5.499 million and 5.545 million, with a year-on-year increase of 11.0% and 9.0%.