From January to May, China's automobile production and sales increased by 11.1% year-on-year | Automobile | China
Beijing, June 9th (Xinhua) - According to the China Association of Automobile Manufacturers, from January to May, China's automobile production and sales reached 10.687 million vehicles and 10.617 million vehicles, both increasing by 11.1% year-on-year.
According to Chen Shihua, Deputy Secretary General of the China Association of Automobile Manufacturers, in May, China's automobile production and sales reached 2.333 million and 2.382 million respectively, with a month on month increase of 9.4% and 10.3%, and a year-on-year increase of 21.1% and 27.9%, respectively. Affected by recent policies and promotional measures for car purchases in many regions, China's automobile production and sales in May achieved steady growth both month on month and year on year, and market demand showed a mild recovery trend.
According to data from the China Association of Automobile Manufacturers, from January to May, the production and sales of new energy vehicles in China reached 3.05 million and 2.94 million, with year-on-year growth of 45.1% and 46.8% respectively, and a market share of 27.7%. Among the main varieties of new energy vehicles, the production and sales of the three major categories of vehicles have all shown varying degrees of growth compared to the same period last year.
Chen Shihua said that recently, with the promulgation of the Implementation Opinions on Accelerating the Construction of Charging Infrastructure to Better Support the New Energy Vehicles Going to the Countryside and Rural Revitalization, the executive meeting of the State Council proposed to consolidate and expand the development advantages of new energy vehicles, continue and optimize the tax relief policy for the purchase of new energy vehicles, which will be conducive to further stabilizing market expectations and greater releasing the consumption potential of new energy vehicles.