May figure down 3% year-on-year to 2.13m vehicles, the first decline since April 2020
The ministry is also encouraging insurance companies to roll out insurance services that can boost local automakers’ confidence in using indigenously-produced chips, so as to help ease chip shortages.
The China Passenger Car Association was even more optimistic about the full-year performance and hiked its new energy vehicle sales target to 2.4 million units this year.