Passenger Vehicle Sub-Association: From May 1st to 11th, the national new energy passenger vehicle market sold 294,000 vehicles, an increase of 32% year-on-year and 29% month-on-month.

According to the Wisdom Financial APP, on May 14, the Association of Passenger Cars issued a document stating that from May 1st to 11th, the national passenger car new energy market retail sales totaled 294,000 vehicles, a 32% increase compared to the same period last May, and a 29% increase compared to the same period last month. The retail penetration rate of the new energy market is 51.3%, with a total of 3.618 million vehicles sold so far this year, a 35% increase compared to the same period last year. From May 1 to 11, national passenger car manufacturers sold 257,000 new energy vehicles, a 30% increase compared to the same period last May, and a 1% increase compared to the same period last month. The wholesale penetration rate of new energy manufacturers is 55.3%, with a total of 4.238 million vehicles sold so far this year, a 41% increase compared to the same period last year.