Key Allies China analysis on NEV market in May 2020

NEV (New Energy Vehicles) monthly sales data and market analysis

2020/07/02

Analysis of NEV industry (Summary)

This report was based on the “research report on new energy vehicle (NEV) industry” prepared by the Chinese consulting firm Key Allies, and the report was edited and translated by MarkLines.

   

In the new energy vehicle market in May 2020, both production and sales fell sharply year on year 

 According to statistics by the China Association of Automobile Manufacturers (CAAM), production and sales volumes of new energy vehicles (NEVs) in May 2020 declined by 25.8% year-over-year (y/y) to 84,000 units and by 23.5% y/y to 82,000 units, respectively.