New Energy Vehicle Sales in China Drop 7.5% YoY in May to 950,000 Units

According to the China Passenger Car Association, new energy vehicle market retail sales reached 950,000 units in May, down 7.5% year-over-year but up 12.4% month-over-month. For the first five months of 2026, cumulative new energy vehicle sales totaled 3.697 million units, declining 15.1% compared with the same period last year.
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