The soaring pressure due to Covid had an impact on passenger car sales in China in May. Data from China Passenger Car Association Cars (CPCA) shows that domestic passenger car sales volume reached 1.354 million units in May, down 16.9% YoY. Overall from January to May, the cumulative sales volume of passenger cars was 7.315 million units, down 12.8% year-on-year
Meanwhile, for the new energy vehicle (NEV) market the top 15 new energy vehicle manufacturers in May were BYD, SAIC-GM-Wuling, GAC AION, Chery, Geely, Changan Auto, Li Auto, Great Wall Motor, Hozon Auto, XPeng , Leapmotor, Tesla , FAW-Volkswagen, NIO and SERES.
The Wuling Hongguang Mini EV was at the top for new energy vehicle sales with 29,169 units in May. Followed by BYD Han and BYD Qin, with sales of 23,934 and 20,753 units, respectively.
Thanks to Huawei’s incessant promotions, the AITO M5 also entered the top ten with sales of 5,033 units this month. This brings the total sales of the AITO M5 from January to May to 13,199 units. Tesla’s rating has dropped due to production issues due to Covid 19, with sales of only 3,950 Model 3s and 5,875 Model Ys.
New energy vehicles exported reached 39,000 units in May. With the policy of relaxing production affected by Covid-19, 8,212 new energy vehicles were exported by SAIC, 22,340 by Tesla China, 1,786 by Geely and 415 by BYD.
The CPCA expects domestic retail sales to reach 21 million vehicles in the remaining seven months of this year as efforts continue to boost consumption.
