Smart and Sustainable Electric Mobility
China's NEV penetration at retail was a record 47 percent in May, up 14 percentage points from 33 percent a year earlier and up 3.3 percentage points from 43.7 percent in April.
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China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.
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In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.
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Nio vehicles saw a record 6,700 insurance registrations in China last week, up 24.07 percent from 5,400 the week before.
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Xiaomi said cumulative deliveries of the SU7 series amounted to 15,764 units in 2024, implying that deliveries in April were also revised slightly upwards.
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The Song and Qin families continue to be BYD's best-sellers. The Yuan family was the third best-selling BYD model in May, with 40,231 units sold.
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BYD's PHEVs have continued to hit record highs over the past three months, performing significantly better than BEVs, reflecting the overall market's greater acceptance of hybrid models.
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Leapmotor's two SUV models, the C11 and C10, delivered a total of 11,992 vehicles in May, or 66 percent of total deliveries.
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Zeekr delivered a record number of vehicles in May for the second consecutive month, surpassing April's 16,089 vehicles.
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In the January-May period, Nio delivered 66,217 vehicles, up 50.99 percent year-on-year, with SUVs contributing 58.58 percent.
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