CPCA

In the January-May period, BYD was No. 1 in China's NEV market with a 34.0 percent share, while Tesla was No. 3 with 6.7 percent.

China's NEV penetration at retail was a record 47 percent in May, up 14 percentage points from 33 percent a year earlier and up 3.3 percentage points from 43.7 percent in April.

China's NEV penetration at retail stood at 46.88 percent in May and 40.26 percent year-to-date, according to preliminary data from the CPCA.

In May, the start of car trade-in subsidies and the cooling of price wars have stimulated spending among groups that were previously on the sidelines, the CPCA said.

China's retail penetration of NEVs stood at 47.51 percent in May 1-26, and 39.93 percent year-to-date.

China's overall passenger vehicle retail sales in May is expected to be around 1.65 million units, down 5.3 percent year-on-year, the CPCA said.

China's retail penetration of NEVs stood at 45.78 percent in the May 1-19 period, and 39.4 percent year-to-date.

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

In the January-April period, BYD came in first in China's NEV market with a 34.3 percent share, while Tesla was No. 4 with a 6.7 percent share.

The NEV segment fared better than the overall automotive market, while PHEVs outperformed BEVs.