China's Passenger Vehicle Sales Up 12% YoY, New Energy Vehicles Surge 32% in Early May

Published: May 22, 2025 13:46

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China Passenger Car Association (CPCA): From May 1 to 18, nationwide passenger vehicle retail sales increased 12% YoY and 18% MoM.

The CPCA released data indicating that from May 1 to 18, nationwide passenger vehicle retail sales reached 932,000 units, up 12% YoY compared to the same period in May last year and up 18% MoM. Cumulative retail sales since the beginning of the year totaled 7.804 million units, up 8% YoY. During the same period (May 1-18), nationwide new energy passenger vehicle retail sales reached 484,000 units, up 32% YoY compared to the same period in May last year and up 15% MoM. The retail penetration rate of the nationwide new energy vehicle market was 52%. Cumulative retail sales since the beginning of the year totaled 3.808 million units, up 35% YoY.

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