China-made Tesla Model 3 sales in May were 11,095 units, up 205 percent from April, making it the No. 1 new-energy vehicle sold in China in the month, according to the China Passenger Car Association (CPCA).
By comparison, China's wholesale sales of 70,200 new energy passenger vehicles in May were down 25.8 percent from a year earlier and 25.8 percent from April up 19.5%.
Retail sales in China's passenger car market were 1.609 million units in May, up 1.8% year-on-year, the first year-on-year increase in 11 months Upward.
Since the beginning of the year, the Chinese auto market has grown at a rate of -20%, -78%, -40%, -3%, and 2% from January to May.
The recent stabilization of the auto sales growth rate, which means that the trend of showing a valley V-shaped recovery since the epidemic was confirmed.
The CPCA says the main feature of the car market is the high/low end split, with sluggish demand for vehicles under $80,000.
Luxury cars grew 20 percent year-on-year in May, with Chinese brands under relatively greater pressure to perform, a feature that has yet to be fully reflected in the purchasing power of first-time consumer groups.
From the perspective of the Top 10 passenger car sales in May, FAW-Volkswagen ranked first with a market share of 11.3%, and the year-on-year increase of Up to 22.8%.
SAIC-VW followed with 8.2 percent market share, down 10.4 percent year-on-year.
SAIC-GM ranked third with a 7.5 percent market share, down 18.6 percent year-on-year.
Geely was the most impressive performer among Chinese brands, with a 6.6% market share and a 24.7% year-on-year increase.
The 5th-10th places were Dongfeng Nissan, FAW Toyota, Chang'an, GAC Honda, and Dongfeng Honda.
Changan had the biggest increase of 69.1 percent. In addition, GAC Toyota increased the most among the joint venture brands with 32.1 percent.
