From May 1st to 31st, the retail sales of China's passenger cars reached 1.93 million units, an increase of 13% compared to May 2024 and 10% compared to the previous month. Since the beginning of this year, the cumulative retail sales have reached 8.802 million units, an increase of 9% year-on-year; In addition, over May 1st-31st, passenger car manufacturers nationwide wholesale 2.329 million vehicles, an increase of 14% YoY and 6% MoM. Since the beginning of this year, a total of 10.797 million vehicles have been wholesale, an increase of 12% year-on-year.
As for electric passenger vehicles, the retail sales in China reached 1.056 million units, an increase of 30% YoY and 14% compared to the previous month. The retail penetration rate of the China EVs was 53.5%, with a cumulative retail sales of 4.38 million units since the beginning of 2025, an increase of 34% YoY; From May 1st to 31st, Chinese passenger car manufacturers wholesale 1.24 million EVs, an increase of 37% compared to May 2024 and 9% compared to the previous month. The wholesale penetration rate of EV manufacturers is 54.2%, and the cumulative wholesale volume since the beginning of this year is 5.221 million vehicles, an increase of 41% year-on-year.
