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Industry

China's NEV sales surge 82 pct in May

June 05, 2023


Abstract : Retail sales of new energy vehicles (NEVs) in China jumped 82 percent year on year in May, latest data from the China Passenger Car Association (CPCA) showed.

This photo taken on May 27, 2023 shows a new energy vehicle displayed at the exhibition area of Zhongguancun Forum in Beijing, capital of China. (Xinhua/Ren Chao)

BEIJING, June 3 (Xinhua) -- Retail sales of new energy vehicles (NEVs) in China jumped 82 percent year on year in May, latest data from the China Passenger Car Association (CPCA) showed.

A total of 483,000 NEVs were sold in China during May 1-28 period, according to the CPCA.

As of May 28 this year, retail sales of NEVs in China rose 43 percent year on year to a total of 2.33 million units, the CPCA said.

Meanwhile, retail sales of passenger vehicles added up to 7.29 million units, up 2 percent year on year.

The CPCA attributed the growth mainly to sales promotions during May Day holiday and consumption subsidy policies introduced by the central and local governments.

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Keyword: sales NEV

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