Passenger vehicle retail sales in China are expected to amount to 1.85 million units in May this year, up 8.5 percent year on year, while increasing by 5.4 percent month on month, according to the preliminary statistics issued by the China Passenger Car Association (CPCA).
In May, new energy passenger vehicle retail sales in China are expected to total 0.98 million units, with the market share of NEVs estimated to reach 52.9 percent.