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CN NEV/ PV Retail Sales Surge 30%/ 13% YoY in May
According to preliminary statistics released by the China Passenger Car Association, China's passenger vehicle (PV) market retailed 1.93 million vehicles in May, up 13% YoY or ...
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CN NEV/ PV Retail Sales Surge 30%/ 13% YoY in May
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According to preliminary statistics released by the China Passenger Car Association, China's passenger vehicle (PV) market retailed 1.93 million vehicles in May, up 13% YoY or 10% MoM. In 1-5M25, the cumulative retail sales in the PV market grew by 9% YoY to 8.802 million vehicles.

In terms of new energy vehicles (NEVs), a total of 1.056 million vehicles were retailed in May, up 30% YoY or 14% MoM, with a retail penetration rate of 53.5%. In 1-5M25, the cumulative retail sales in the NEV market reached 4.38 million units, up 34% YoY.

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