China Association of Automobile Manufacturers: YoY growth of 60.2% in sales of new energy vehicles in May.

On June 9th, the China Association of Automobile Manufacturers released data showing that sales of new energy vehicles in May increased by 60.2% YoY.

In addition, in May, automobile production and sales reached 2.333 million and 2.382 million respectively, with MoM growth of 9.4% and 10.3% respectively, and YoY growth of 21.1% and 27.9% respectively. From January to May, automobile production and sales reached 10.687 million and 10.617 million respectively, with a YoY growth of 11.1%.

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