An IM LS7 is displayed at the 20th Shanghai International Automobile Industry Exhibition in Shanghai, East China, April 24, 2023. [Photo/Xinhua]
BEIJING — Retail sales of new energy vehicles (NEVs) in China jumped 82 percent year on year in May, latest data from the China Passenger Car Association (CPCA) showed.
A total of 483,000 NEVs were sold in China during May 1-28 period, according to the CPCA.
As of May 28 this year, retail sales of NEVs in China rose 43 percent year on year to a total of 2.33 million units, the CPCA said.
Meanwhile, retail sales of passenger vehicles added up to 7.29 million units, up 2 percent year on year.
The CPCA attributed the growth mainly to sales promotions during May Day holiday and consumption subsidy policies introduced by the central and local governments.