According to the China Association of Automobile Manufacturers (CAAM), between January and May this year, production and sales of new energy vehicles (NEVs) in China were 5.841 million units and 5.802 million units, up 2.5 percent and 3.5 percent year-on-year. During the period, NEV sales accounted for 47.5 percent of total new energy vehicle sales.
In May alone, China's new energy vehicle production and sales totaled 1.554 million units and 1.496 million units, up 22.4 percent and 14.4 percent year-on-year.
In May, China's new energy vehicle exports totaled 446 000 units, 1.1 times more than last year.
In the first five months of this year, China's new energy vehicle exports totaled 1.833 million units, also 1.1 times more than the previous year.
In May, China's domestic sales of new energy vehicles totaled 1.049 million units, up 14.8 percent year-on-year. month-on-month, down 4.1 percent year-on-year.
In the first five months of this year, China's domestic sales of new energy vehicles totaled 3.97 million units, down 16.5 percent year-on-year.
NEV production growth was slower than NEV sales growth. In the first five months, NEV market penetration was 47.5%, with almost every second vehicle sold being an NEV, and NEV sales moving from policy to market.
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