According to statistics released by the China Passenger Car Association Cars (CPCA) on Friday, the sales volume of domestic passenger cars reached 1.354 million units in May, down 16.9% year-on-year. From January until May, the cumulative sales volume of passenger cars was 7.315 million units, down 12.8% year-on-year.
In the new energy vehicle market, the top 15 new energy vehicle manufacturers in May were BYD, SAIC-GM-Wuling, GAC AION, Chery, Geely, Changan Auto, Li Auto, Great Wall Motor, Hozon Auto, XPeng, Leapmotor, Tesla, FAW-Volkswagen, NIO and SERES.
Specifically, the top three new energy cars with highest sales volumes were Wuling Hongguang Mini EV, BYD Han and BYD Qin, with sales of 29,169, 23,934 and 20,753 units respectively.
The new energy SUVs with highest sales volume in May were BYD Song, BYD Yuan Plus and Li ONE, with sales volumes of 31,977, 11,500 and 11,496 units respectively. Thanks to Huawei’s vigorous promotion, the AITO M5 also entered the top ten with 5,033 units of sales this month. 13,199 units of AITO M5 were delivered in the first five months of this year. Tesla’s ranking declined due to the epidemic, with sales of only 3,950 Model 3s and 5,875 Model Ys.
Exported new energy vehicles totaled 39,000 units in May. With the support of the policy of resuming work and production, 8,212 new energy vehicles were exported by SAIC, 22,340 by Tesla China, 1,786 by Geely and 415 by BYD. Other car companies also increased their exports.
In mid-May, CPCA predicted that the retail sales volume in 2022 in China would be 19 million units, down 6% year-on-year. Now, through the implementation of many new policies such as the preferential purchase tax, the CPCA predicts that the domestic retail sales could reach 21 million vehicles in the remaining seven months of the year as efforts continue to promote consumption.