Economic Operation of China's Automotive Industry in May 2023

In May 2023, China's automobile production and sales reached 2.333 million and 2.382 million units, respectively, with a year-on-year increase of 21.1% and 27.9%. Among them, the production and sales of new energy vehicles reached 713,000 and 717,000 units respectively, with year-on-year growth of 53% and 60.2%, respectively.

1、 China's automobile sales increased by 27.9% year-on-year in May

In May, China's automobile production and sales reached 2.333 million and 2.382 million units, respectively, with year-on-year growth of 21.1% and 27.9%.

From January to May, China's automobile production and sales reached 10.687 million and 10.617 million units respectively, with a year-on-year increase of 11.1%.

（1） China's passenger vehicles sales increased by 26.4% year-on-year in May

In May, China's passenger vehicles production and sales completed 2.011 million and 2.051 million units respectively, with year-on-year growth of 18.2% and 26.4%, respectively.

From January to May, China's passenger vehicles production and sales reached 9.063 million and 9.001 million units, respectively, with year-on-year growth of 10.6% and 10.7%.

（2） In May, China's commercial vehicle sales increased by 38.2% year-on-year

In May, China's commercial vehicle production and sales completed 322,000 and 330,000 units respectively, with year-on-year growth of 42.9% and 38.2%, respectively.

From January to May, China's commercial vehicle production and sales reached 1.625 million and 1.616 million units, respectively, with year-on-year growth of 14.2% and 13.7%.

2、 In May, China's sales of new energy vehicles increased by 60.2% year-on-year

In May, China's production and sales of new energy vehicles completed 713,000 and 717,000 units respectively, with year-on-year growth of 53% and 60.2% respectively; The sales of new energy vehicles account for 30.1% of the total sales of new vehicles.

From January to May, China's production and sales of new energy vehicles completed 3.05 million and 2.94 million units respectively, with year-on-year growth of 45.1% and 46.8% respectively; The sales of new energy vehicles accounted for 27.7% of the total sales of new vehicles.

3、 In May, China's automobile exports increased by 58.7% year-on-year

In May, China exported 389,000 complete vehicles, with a year-on-year increase of 58.7%. Export of 108,000 new energy vehicles, with a year-on-year increase of 1.5 times.

From January to May, China exported 1.758 million complete vehicles, with an increase of 81.5% year-on-year. The export of new energy vehicles reached 457,000 units, with a year-on-year increase of 1.6 times.

(Note: the above data are from China Association of Automobile Manufacturers)

Translated by; WONDEE Autoparts

2023/6/21