New energy vehicle sales increased by 141.6% in the first five months of this year

According to the latest statistics from the China Association of Automobile Manufacturers, from January to May this year, China's new energy vehicle production and sales reached 328,000 units, an increase of 122.
9% and 141.
6%
respectively over the same period of the previous year.

From January to May this year, China's automobile sales completed 11.
792 million units, a year-on-year increase of 5.
7%, and the sales growth rate was 2 percentage points higher than the same period last year, and the overall growth trend
was still slight.
Among them, passenger car sales reached 9.
901 million units, a year-on-year increase of 5.
1%; Commercial vehicle sales totaled 1.
892 million units, up 9.
1%
y/y.

Compared with the slight increase in sales of traditional fuel vehicles, new energy vehicles still continue the rapid growth trend
.
In the first five months, pure electric vehicles achieved sales of 250,000 units, a year-on-year increase of 124.
7%; Plug-in hybrid vehicles sold 78,000 units, up 218.
4%
y/y.