The forecast for the wholesale sales volume of Chinese electric passenger car manufacturers, which increased by 35% year-on-year in May, has been released!
AshleyJun 06, 2024, 10:55 AM
Recently, the China Passenger Car Association (CPCA) made a forecast on the wholesale sales volume of new energy passenger car manufacturers in May 2024. Comprehensive estimated wholesale sales of 910,000 units, an increase of 35% year-on-year, and an increase of 16% sequentially. And estimated data shows that the top five auto companies in terms of wholesale sales volume are BYD, Tesla China, Geely, CHANGAN, GAC-AION.
CPCA stated that the market advantage of leading electric vehicle companies has continued to expand recently, and market differentiation has intensified. According to preliminary data, the sales volume of manufacturers with a wholesale sales volume of more than 10,000 new energy sources in China's passenger car market in April 2024 accounted for 86.6% of the total monthly sales volume of electrified passenger vehicles in April. The estimated sales volume of these companies in May is 790,000 units. According to the forecast of last month's structural share, the sales volume of electrified passenger cars in China in May is about 910,000 units.
According to CPCA's analysis, China's national economy operated smoothly in May. Although it was affected by factors such as holiday shifts and a high base in the same period of the previous year, with the implementation of China's "old-for-new" policy and the introduction and follow-up of corresponding policy measures in various places, the market's consumer enthusiasm was stimulated as the price war of new products in the car market cooled down temporarily. Hence, China's electrified passenger car market entered a relatively good development stage in May.
If any infringement occurs, please contact us for deletion
Trending News
2026 Malaysia EV Road Tax Policy Analysis: Costs and Opportunities After the End of Exemptions
As December 31, 2025, approaches, electric vehicle owners in Malaysia will face a significant policy turning point — the four-year electric vehicle road tax exemption policy is coming to an end. Starting from January 1, 2026, all electric vehicles will be subject to an annual road tax based on a new power-based tiered tax system. This change marks a transition for Malaysia's electric vehicle market from a policy-driven phase to a new stage of market-oriented development, bringing new considerations for both consumers and the industry.
The fifth-generation Geely Emgrand car photos released, with upgrades in body size and power system
As a family sedan with cumulative sales exceeding 4 million units in China, the new generation Emgrand will further consolidate Emgrand's competitive position in the sedan market through stronger product capabilities.
Proton's fourth-generation Saga revolution, brand new 1.5L four-cylinder engine, equipped with ADAS for the first time
By leveraging Geely's technological resources, the fourth-generation Proton Saga has been comprehensively upgraded in terms of design, performance, and safety, while maintaining localized characteristics.
BYD Sealion 7 is not only cheaper than Tesla Model Y, what other differences do they have?
Is it better to buy the BYD Sealion 7 or the Tesla Model Y? This really makes one a bit hesitant, but before you make a decision, I recommend you take a good look at this article.
Toyota Corolla Cross mid-term facelift in China, featuring a new front face and interior design
Toyota released the mid-cycle facelift of the Toyota Corolla Cross in China. In China, this vehicle produced by GAC Toyota is called Frontlander, and it is the same model as the Toyota Corolla Cross produced by FAW Toyota.
Popular Cars
Car Compare
Model Year
car model