Monthly Data

This means that the penetration of NEVs at retail is expected to be 36.6 percent in June, up from 33.3 percent in May.

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.

CATL remains the largest power battery maker in China, but BYD's lead in the LFP market expanded in May.

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.

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.

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.

In January-April, CALB's power battery installations of 8.4 GWh surpassed Samsung SDI's 7.5 GWh, according to SNE Research.

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.

From January to May, Tesla sold 382,859 China-made vehicles, up 77.37 percent from 215,851 units in the same period last year.