EV Data

From June 1-11, Nio sold 2,800 units, Tesla 26,000, Li Auto 11,900 and Xpeng 2,200.

Tesla ranked third in the CPCA's NEV retail sales rankings, with BYD and GAC Aion in first and second place with 38.1 percent and 7.8 percent shares, respectively.

China's auto industry still needs to further recover and expand demand, and the release of consumption potential needs to be accelerated, the CAAM said.

The US overtook Germany as the world's second-largest EV market in the first quarter, while China remained in the lead, Counterpoint said.

NEV penetration at retail in China was 33.3 percent in May, up 6.7 percentage points from 26.6 percent a year earlier and up from 32.3 percent in April.

The preliminary figure was below the CPCA's previous estimate of around 580,000 units, suggesting that the market performed below expectations in the last week of May.

Nio launched the new ES6 on May 24, though the model is likely still in the process of climbing capacity and not contributing much to sales.

As of June 4, China's NEV ownership had exceeded 15 million units, achieving the goal of its 14th five-year plan ahead of schedule, an academician said.

The Lanshan DHT-PHEV, which competes with Li Auto's Li L8, sold 5,136 units in its first full month of sales, and its production capacity is climbing, Great Wall Motor said.

From January to May, China's wholesale sales of passenger NEVs are expected to be 2.78 million units, up 46 percent year-on-year, the CPCA said.