[Automotive: XPeng Group Reports Q1 Revenue Of 13.03 Billion Yuan, Gross Margin Of 20.6%]

The China Association of Automobile Manufacturers (CAAM) released data on the 10th showing that in May 2026, China’s NEV market stabilized and rebounded, with production and sales reaching 1.554 million and 1.496 million units, up 22.4% and 14.4% YoY respectively. The share of NEV sales in total new vehicle sales further rose to 56.9%. In May, China’s auto production and sales reached 2.616 million and 2.629 million units, up MoM and slightly down YoY, though the decline narrowed further. Overall, in the first five months, auto production and sales totaled 12.235 million and 12.207 million units, with NEV production and sales totaling 5.841 million and 5.802 million units, up 2.5% and 3.5% YoY respectively.

[Japan's May New Car Sales Edge Up Nearly 3% YoY] Data on vehicle registrations recently released by the Japan Automobile Manufacturers Association showed that in May this year, domestic new car sales in Japan reached 332,997 units, edging up 2.75% YoY. Sales in the same period last year were 324,069 units, up 10% YoY. By category, passenger car sales were 276,910 units, up 2.75% YoY, and truck sales reached 55,168 units, up 2.2% YoY.