China's retail penetration of NEVs was 43.11 percent in May 1-12, and 38.87 percent year-to-date.

China NEV retail at 241,000 in May 1-12, up 10% from same period last month-CnEVPost

(Image credit: CnEVPost)

Retail sales of new energy vehicles (NEVs) in China rebounded at the beginning of the month, after a continued weak April.

From May 1-12, retail sales of passenger NEVs in China were 241,000 units, up 31 percent from a year earlier and up 10 percent from the same period last month, data released yesterday by the China Passenger Car Association (CPCA) showed.

So far this year, cumulative retail sales of passenger NEVs in China totaled 2,692,000 units, up 33 percent from the same period last year.

May 1-5 was this year's Labor Day holiday. May 11 was an additional workday, albeit a weekend.

Wholesale sales of China's passenger NEVs from May 1-12 were 213,000 units, up 36 percent from the same period last year, but down 5 percent from the same period in April, according to the CPCA.

Cumulative wholesale sales of China's passenger NEVs so far this year stood at 2,953,000 units, up 31 percent from a year earlier.

From May 1-12, retail sales of all passenger vehicles in China were 559,000 units, 9 percent lower than the same period last year, while 28 percent higher than the same period last month.

So far this year, cumulative retail sales of all passenger cars in China totaled 6.926 million units, up 6 percent from a year earlier.

This means that China's NEV penetration at retail stood at 43.11 percent from May 1-12 and 38.87 percent year-to-date.

In May 1-12, the average daily retail sales of passenger cars in China were 46,584 units.

Wholesale sales of all passenger cars in China from May 1-12 were 403,000 units, a daily average of 33,580 units, down 11 percent year-on-year and down 10 percent from the same period last month.

Cumulative wholesale sales of all passenger cars in China so far this year were 7,953,000 units, up 9 percent year-on-year.

China NEV retail falls to 674,000 in Apr, penetration reaches record 43.7%