New data and new insights

Original title: The year-on-year growth of production and sales of new energy vehicles in the first five months exceeded 30% (new data and new ideas) (theme)

Continue the trend of rapid growth (subtitle)

Data source: China Association of Automobile Manufacturers Drawing: Zhang Fangman

People's Daily, Beijing, June 14 (Reporter Wang Zheng) Data released by the China Association of Automobile Manufacturers on the 14th showed that in the first five months of this year, China's automobile production and sales reached 11.384 million and 11.496 million respectively, with year-on-year growth of 6.5% and 8.3% respectively, and automobile production and sales maintained a steady year-on-year growth. The production and sales of new energy vehicles continued to grow rapidly. In the first five months, the production and sales of new energy vehicles were 3.926 million and 3.895 million, up 30.7% and 32.5% year on year, respectively, and the market share reached 33.9%.

In May, the pace of new energy vehicles replacing traditional fuel vehicles in China continued to accelerate. The production and sales of new energy vehicles were 94000 and 955000, up 31.9% and 33.3% year on year respectively. The market share climbed to 39.5% after reaching 36% in April.

Recently, the automobile market policy has been continuously favorable, providing strong support for the sustained and rapid growth of new energy vehicles. The Ministry of Finance allocated special funds to support the scrapping and renewal of old cars, and the work of replacing old cars with new ones started well. Five departments, including the Ministry of Industry and Information Technology, announced the launch of the 2024 New Energy Vehicles to the Countryside Campaign to speed up the improvement of the consumption and use of new energy vehicles in rural areas. With the accelerated implementation and sustained efforts of relevant policies, it will fully release the consumption potential and promote the stable development of the industry.