Industry dynamics

China NEV retail rebounds to 804,000 in May, penetration reaches record 47%

Publishtime:1970-01-01 08:00:00 Views:31

China's NEV penetration at retail was a record 47 percent in May, up 14 percentage points from 33 percent a year earlier and up 3.3 percentage points from 43.7 percent in April.

Plug-in hybrids (PHEVs) accounted for 309,000 units of retail sales in May, contributing 38.4 percent of all NEV retail sales. That's up 61.1 percent year-on-year and up 13.6 percent from April.

China's passenger vehicles, including sedans, SUVs and MPVs, retailed 1.71 million units in May, down 1.9 percent year-on-year but up 11.4 percent from April.

China's NEV penetration at retail was a record 47 percent in May, up 14 percentage points from 33 percent a year earlier and up 3.3 percentage points from 43.7 percent in April, the CPCA said.

NEV penetration at retail in May was 71.2 percent for local brands, 28.4 percent for luxury brands and 7.5 percent for mainstream joint venture brands, according to the CPCA.

Wholesale sales of passenger NEVs in China were 897,000 units in May, up 32.1 percent year-on-year and up 13.8 percent from April, the CPCA said.

NEV penetration at wholesale was 44.2 percent in May, up 10.2 percentage points from 34.0 percent a year earlier and up 4.3 percentage points from 39.9 percent in April.

Penetration of local Chinese brands of NEVs at wholesale in May was 59.8 percent, compared to 32.7 percent for luxury brands and 8 percent for mainstream JV brands.

Passenger NEVs exported from China were 94,000 units in May, down 4.0 percent year-on-year and down 18.8 percent from April, contributing 24.8 percent of passenger car exports.

BEVs contributed 78 percent of NEV exports in May, with exports of A0- and A00-class BEVs accounting for 61 percent of China-branded NEV exports, according to the CPCA.

Tesla sells 55,215 cars in China in May, up 76% from Apr