China’s NEV sector improves in May but still down annually
Published: Friday, 12 June 2020
China’s output and sales of new energy vehicles (NEVs) continued to increase month on month in May but figures are still down on an annual comparison, reflecting the sharply reduced subsidies.
By Carrie Shi and Susan Zou
produced 84,000 NEVs in May, including pure electric vehicles
(PEVs) and plug-in hybrids. This was up by 5% from April, but
down by 25.8% from May 2019, according to data released by the
China Association of Automobile Manufacturers (CAAM).