The automotive market (passenger cars and commercial vehicles) in China expanded noticeably in May, by 14.5% year-over-year to almost 2.2 million (including 1.67 million passenger cars – up 7%).
The China Association of Automobile Manufacturers (CAAM) reports that plug-in car sales also are improving month-over-month, although it is still far from its high levels in May/June 2019 when sales surged ahead of the decrease in incentives.
In total, some 82,000 plug-in vehicles were sold (down 23.5% year-over-year) at 3.7% of the market. In the case of the passenger cars category – 74,000 plug-in cars were sold (down 24.4%) accounting for 4.4% of the total.
The New Energy Vehicle (NEV) production and sales numbers for passenger cars and commercial vehicles like trucks/buses are as follows:
- Total NEVs: production of 84,000 (down 25.8%) and sales of 82,000 (down 23.5%)
- BEVs: production of 63,000 and sales of 64,000
- PHEVs: production of 21,800 and sales of 17,700
Total NEVs (Jan-May): production of 295,000 (down 39.7%) and sales of 289,000 (down 38.7%)
* some data on the chart are estimated
Sales of New Energy Vehicles in May 2020
Production of New Energy Vehicles in May 2020
Sales of Automobiles in May 2020