A total of 104,000 new new-energy cars were sold in China in May 2019, increasing 1.8% on year, according to China Association of Automobile Manufacturers (CAAM).
China-based makers produced 112,000 new-energy cars, consisting of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs) and fuel cell electric vehicles (FCV), in May, growing 16.9% on year, CAAM said.
A total of 480,000 new-energy cars were produced in China and 464,000 sold there during January-May, rising 46.0% and 41.5% respectively on year, CAAM noted.
As the China government will cut subsidization for purchases of new new-energy cars on June 26, 2019, prices for such cars are likely to rise, affecting sales, according to media reports.
China new-energy car sector
Source: CAAM, compiled by Digitimes, June 2019