China NEV Export

In May, China's NEV sales reached 1,307,000 units, up 36.9 percent year-on-year, according to data from the CAAM.

BEV sales in April were up 58.4 percent year-on-year, higher than the 21.9 percent growth rate for PHEVs.

March's performance ended the previous two months of sequential declines, as the slow season for Chinese auto sales at the beginning of the year winds down.

China's BEV sales in February totaled 544,000 units, up 85.1 percent year-on-year but down 5.2 percent from January.

China's January NEV exports totaled 150,000 units, marking the second consecutive month of record highs, boosted by higher BEV exports.

Greenland aims to achieve annual exports of 100,000 NEVs over the next three years.

China's export growth for BEVs is expected to slow to 9 percent this year, with its contribution to passenger car exports falling to 19.0 percent in 2024 from 22.5 percent in 2023, Canalys said.

Xpeng had overseas sales of 1,783 units, Nio 388 units and Leapmotor 271 units in the first quarter.

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