China’s NEV sector improves in May but still down annually

By IM Staff
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

China 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).

In May,...

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