The China Passenger Car Association (CPCA) released preliminary data. In May, the nationwide wholesale sales of new energy passenger vehicles in China numbered 1.24 million units, representing a YoY increment of 38% and an MoM elevation of 9%. Among which, Tesla China's wholesale sales of new energy passenger vehicles in May were 61,662 units, down 15% YoY, marking the eighth consecutive month of YoY sales slump.Related NewsG Sachs Elevates LI AUTO-W (02015.HK) TP to $138, Rating Buy