New Energy Vehicle Companies See Sales Rebound in May:

On June 1st, several new energy vehicle (NEV) companies reported their May sales figures, showing a notable rebound despite the traditional off-season for car sales. This recovery comes amidst intense price and promotional battles, with several companies posting significant month-on-month and year-on-year increases.

Li Auto

NIO

Leapmotor

XPeng

NETA

Xiaomi

Huawei's AITO

GAC Aion

Zeekr

Lantu

Avatr

The China Passenger Car Association predicts that the narrow passenger car retail market in May will be about 1.65 million units, a 5.3% year-on-year decrease but a 7.5% month-on-month increase. New energy vehicle retail sales are expected to reach 770,000 units, a 32.7% year-on-year increase, with a penetration rate of 46.6%.