March 2025 Production & Sales: According to CAAM data, China's fuel cell vehicle (FCV) production and sales reached 365 units and 377 units respectively in March 2025, marking year-on-year increases of 36.2% and 69.1%.
1.Q1 2025 Cumulative Performance:
FCV production and sales totaled 1,000 units each in the first quarter of 2025.
Year-on-year declines of 32.3% and 20.3% were recorded for production and sales, respectively.
2.Large & Medium-Sized New Energy Bus Growth:
In March 2025, sales of new energy buses over 6 meters in length surged by 38.11% year-on-year, outperforming the broader FCV segment by 1.91 percentage points.