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China Automobile Association: 717000 new energy vehicles were sold in May, with Market penetration exceeding 30%

Publish Date: 2023.06.10

  On June 9th, the China Automobile Association announced the production and sales data of new energy vehicles for May. The data showed that in May, the sales of new energy vehicles reached 717000 units, a year-on-year increase of 60.2% and a month on month increase of 12.7%.

  

  From January to May 2023, the production and sales of new energy vehicles reached 3.05 million and 2.94 million respectively, with year-on-year growth of 45.1% and 46.8%, respectively.

  

  The Market penetration of 717000 vehicles sold in May exceeded 30%

  

  In May, the production and sales of new energy vehicles in China were 713000 and 717000, up 53% and 60.2% year on year, 11.4% and 12.7% month on month, respectively, and the Market penetration reached 30.1%.

  

  中汽协:5月新能源汽车销71.7万辆,市场渗透率超30%

  

  Among them, the production and sales of pure electric vehicles completed 517000 and 522000 units respectively, with year-on-year growth of 42% and 50.4% respectively; The production and sales of plug-in hybrid vehicles completed 195000 and 194000 units respectively, with year-on-year growth of 91.7% and 94.4%; The production and sales of fuel cell vehicles completed 10000 and 0400 units respectively, with year-on-year growth of 206.2% and 310.7%.

  

  From January to May 2023, China's production and sales of new energy vehicles reached 3.05 million and 2.94 million respectively, with a market share of 27.7%.

  

  中汽协:5月新能源汽车销71.7万辆,市场渗透率超30%

  

  Among them, the production and sales of pure electric vehicles reached 2.199 million and 2.146 million, respectively, with year-on-year growth of 33.9% and 35.3%; The production and sales of plug-in hybrid vehicles reached 803000 and 793000 units respectively, with year-on-year growth of 88% and 90.5% respectively; The production and sales of fuel cell vehicles completed 2000 and 1000 units respectively, a year-on-year decrease of 42.4% and 55.7%.

  

  The China Automobile Association stated that recently, the National Development and Reform Commission and the National Energy Administration issued the "Implementation Opinions on Accelerating the Construction of Charging Infrastructure to Better Support the Rural Revitalization of New Energy Vehicles". The executive meeting of the State Council proposed to consolidate and expand the development advantages of new energy vehicles, continue and optimize the policy of tax reduction and exemption for new energy vehicle purchases, which will further stabilize market expectations, Greater release of the consumption potential of new energy vehicles.

  

  Rapid year-on-year growth in commercial vehicle production and sales

  

  In commercial vehicles, the production and sales of passenger cars and trucks have both decreased month on month and increased rapidly year-on-year. In May, the production and sales of commercial vehicles completed 322000 and 330000 units respectively, a decrease of 9.3% and 4.9% month on month, and a year-on-year increase of 42.9% and 38.2%, respectively.

  

  中汽协:5月新能源汽车销71.7万辆,市场渗透率超30%

  

  Among them, the production and sales of trucks reached 285000 and 294000 units respectively, a decrease of 9.3% and 5.1% month on month, and a year-on-year increase of 45.2% and 39.8%, respectively.

  

  From January to May 2023, the production and sales of commercial vehicles reached 1.625 million and 1.616 million, respectively, with a year-on-year increase of 14.2% and 13.7%.

  

  中汽协:5月新能源汽车销71.7万辆,市场渗透率超30%

  

  Among them, the production and sales of trucks reached 1.445 million and 1.442 million respectively, with a year-on-year increase of 13%.

  

  Power battery: installed capacity of 28.2GWh, a year-on-year increase of 52.1%

  

  According to data from the China Automotive Power Battery Industry Innovation Alliance, in terms of power battery installation volume, in May, a total of 35 power battery enterprises in China's new energy vehicle market achieved vehicle installation support, with a power battery installation volume of 28.2GWh, a year-on-year increase of 52.1% and a month on month increase of 12.3%. Among them, the installed capacity of ternary batteries is 9.0GWh, accounting for 32.0% of the total installed capacity, with a year-on-year increase of 8.7% and a month on month increase of 12.8%; The installed volume of Lithium iron phosphate battery was 19.2 GWh, accounting for 67.8% of the total installed volume, up 87.2% year on year and 11.8% month on month.

  

  中汽协:5月新能源汽车销71.7万辆,市场渗透率超30%

  

  From January to May 2023, a total of 43 power battery enterprises in China's new energy vehicle market achieved vehicle installation and matching, with a cumulative installed capacity of 119.2 GWh of power batteries, a year-on-year increase of 43.5%. Among them, the cumulative installed capacity of ternary batteries is 37.9GWh, accounting for 31.8% of the total installed capacity, with a cumulative year-on-year increase of 11.4%; The cumulative loading of Lithium iron phosphate battery is 81.2 GWh, accounting for 68.1% of the total, with a cumulative year-on-year growth of 65.9%.

  

  Summary: In May, the production and sales of new energy vehicles continued to grow rapidly. The sales volume of new energy vehicles exceeded 700000, and the Market penetration reached 30.1%, which is the first time since 2023 that the penetration rate exceeded 30%.

  

  The China Automobile Association stated that during the May Day holiday, many regions have launched car purchase promotion measures, as well as held marketing activities such as car consumption festivals and car carnivals, to help market demand recover moderately. In addition, the same period last year was still in a stage of significant impact from the epidemic, with a low base.

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