News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
China Association of Automobile Manufacturers: Mainland NEV Output Up 22.4% YoY in May, Sales Rise 14.4%
According to an analysis by the China Association of Automobile Manufacturers, mainland China’s automobile production and sales in May increased MoM but edged down YoY. Affected by...
Reset
Send
The window will close in 5 seconds
China Association of Automobile Manufacturers: Mainland NEV Output Up 22.4% YoY in May, Sales Rise 14.4%
Close
Recommend
61
Positive
116
Negative
30
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

According to an analysis by the China Association of Automobile Manufacturers, mainland China’s automobile production and sales in May increased MoM but edged down YoY. Affected by multiple factors including policy adjustments, changes in market structure and macroeconomic pressures, the domestic market continued to record a double-digit YoY decline. Exports remained strong, sustaining rapid growth momentum. By vehicle type, passenger vehicle sales saw a slight YoY decline, commercial vehicle sales continued to grow, and the new energy vehicle (NEV) market stabilized and rebounded.

In May, automobile production and sales reached 2.616 million units and 2.629 million units, up 1.6% and 4.1% MoM, respectively, and down 1.2% and 2.1% YoY, respectively. In the first five months, automobile production and sales totaled 12.235 million units and 12.207 million units, down 4.6% and 4.2% YoY, respectively, with the declines narrowing further compared with the first four months.

Related News G Sachs: XIAOMI-W (01810.HK) 2Q Results May Be Relatively Weak, Weighing on Short-term Share Price Performance
In May, NEV production and sales reached 1.554 million units and 1.496 million units, up 22.4% and 14.4% YoY, respectively. NEV sales accounted for 56.9% of total new vehicle sales. In the first five months, NEV production and sales totaled 5.841 million units and 5.802 million units, up 2.5% and 3.5% YoY, respectively.

Automobile exports reached 930,000 units in May, up 68.7% YoY, marking the second consecutive month with exports exceeding 900,000 units.

NEV exports amounted to 446,000 units in May, up 3.8% MoM and 1.1 times YoY. In the first five months, NEV exports totaled 1.833 million units, up 1.1 times YoY. (jl/u)

Related News HSBC Research Ratings and TPs on China Autonomous Driving-related Stocks (Table)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.