That's according to industry data released Tuesday (April 9).

Sales of electric passenger vehicles rose 10.5% in March from the same month a year earlier.

Trade body the China Passenger Car Association (CPCA) said sales totalled 1.03 million EVs for January-March.

That was up 14.7% on year, but the slowest quarterly growth since the second quarter of last year.

It comes as automakers led by BYD deepened discounts and offered financing tools to boost sales.

Authorities have joined automakers in trying to convince consumers to buy cars to help jumpstart a sluggish economy.

The launch of an electric sedan by electronics maker Xiaomi last month saw rivals announce further price cuts and subsidies.

In March, BYD lowered starting prices for nine models.

BYD also forecast lower profit margins this year as the price war intensifies.

But the automaker added it would ensure stable profitability by improving sales.

Tesla hiked Model Y prices in China by $691, starting April 1.

But the U.S. EV giant offered a time-limited zero-interest financing scheme for buyers of the base Model 3 model.

Volkswagen and Nio have also launched auto financing plans with low interest rates to attract buyers.