In June, price wars in China's auto market cooled down, spurring consumer sentiment among groups that had been on the sidelines, the CPCA said.
China's new energy vehicle (NEV) sales rebounded further last month, as sentiment among consumers picked up.
Wholesale sales of passenger NEVs in China were estimated at 970,000 units in June, up 28 percent year-on-year and up 8 percent from May, the China Passenger Car Association (CPCA) said in a report today.
Manufacturers with wholesale sales of more than 10,000 units of passenger NEVs contributed 88.8 percent of all NEV wholesale sales in May, CPCA said.
These carmakers had estimated sales of 860,000 units in May, and based on last month's structure, China's June wholesale sales of passenger NEVs will be at 970,000 units, the CPCA said.
In China, NEVs include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell vehicles. Their breakdown numbers are expected to be announced later this month.
In June, price wars in China's auto market cooled off, spurring consumer sentiment among groups that had been on the sidelines, the CPCA said.
Among major carmakers, BYD was the top wholesale seller of passenger NEVs in June, at 340,211 units, according to the CPCA.
Tesla China came in second at 71,007 vehicles and Geely was third with 65,959 vehicles.
Data released yesterday showed that most of the major EV companies saw a rise in deliveries in June.
Nio (NYSE: NIO) delivered a record 21,209 vehicles in June, up 98.09 percent from 10,707 vehicles in the same month last year and up 3.24 percent from May.
Xpeng (NYSE: XPEV) delivered 10,668 vehicles in June, up 23.76 percent from a year ago and up 5.14 percent from May.
Li Auto (NASDAQ: LI) delivered 47,774 vehicles in June, up 46.66 percent year-on-year and up 36.42 percent from May.
Zeekr (NYSE: ZK) delivered a record 20,106 vehicles in June, up 89.32 percent year-on-year and up 8 percent from May.
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