Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
China Association of Automobile Manufacturers: Mainland NEV Output Up 22.4% YoY in May, Sales Rise 14.4%
Recommend 52 Positive 101 Negative 23 |
||||
|
||||
|
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. 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) Auto-translated by AI 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. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
