Electric and hybrid vehicles accounted for a third of total sales, with 543,000 units sold in March, up 21.9% over the year.

Tesla, which sold around 77,000 units, came in second place, far behind Chinese automaker BYD, which sold 192,000 units.

BYD is increasingly present in the European market and has surpassed Tesla in the niche of electrified models.

Tesla will set up a second factory in Shanghai to manufacture its Megapack batteries, with production expected to start in the second quarter of 2024.

China aims to have mainly electric and hybrid vehicles by 2035, as part of its efforts to reduce greenhouse gas emissions.

China is the world's largest producer of greenhouse gases in absolute terms, and as such, it is taking steps to reduce its emissions.

One of these steps is to shift its automobile sales towards electric and hybrid vehicles.

In 2035, China aims to have mainly electric and hybrid vehicles on its roads.

While China has had a difficult few years in the automobile industry due to the general economic slowdown and the Covid-19 epidemic, sales have increased in 2021 and 2022.

However, sales suffered a sharp contraction in January 2022, after the cessation of purchase incentives for electric and hybrid vehicles.

In March, 543,000 electric and hybrid cars were sold in China, accounting for a third of total sales.

While this is a significant increase over the year, overall sales of passenger cars were flat, with only a slight increase of 0.3% year on year.

In comparison, automobile sales increased by 14.3% compared to February.

Chinese automaker BYD sold 192,000 units of electrified models, far ahead of Tesla, which sold around 77,000 units.

BYD is increasingly present in the European market, with the company surpassing Tesla in the niche of electrified models.

Tesla will set up a second factory in Shanghai to manufacture its Megapack batteries, with production expected to start in the second quarter of 2024.

The plant will have an initial capacity of 10,000 Megapack batteries per year.

Tesla already has a factory in Shanghai, which started production in 2019.

This move is part of Tesla's efforts to increase its production capacity and expand its presence in China, which is the world's largest automobile market.

China's push towards electric and hybrid vehicles is part of its efforts to reduce greenhouse gas emissions.

China is the world's largest producer of greenhouse gases in absolute terms, and as such, it is taking steps to reduce its emissions.

One of these steps is to shift its automobile sales towards electric and hybrid vehicles.

By 2035, China aims to have mainly electric and hybrid vehicles on its roads.

While this may seem like a lofty goal, the recent increase in sales of electrified models is a positive sign.

In conclusion, sales of passenger cars in China were flat in March year-on-year, with electric and hybrid vehicles accounting for a third of total sales.

Tesla, which sold around 77,000 units, came in second place, far behind Chinese automaker BYD, which sold 192,000 units.

China aims to have mainly electric and hybrid vehicles by 2035, as part of its efforts to reduce greenhouse gas emissions.

Sales of electrified models have shown strong growth in the world's largest automobile market, with a 21.9% increase over the year.

This is a positive sign for China's push towards electric and hybrid vehicles.