Passenger car sub-association: It is estimated that the total market for narrow passenger cars in May will be around 1.52 million units, and the penetration rate of new energy vehicles is expected to exceed 62.5%.

Wisdom Financial APP learned that the China Passenger Car Association issued a document stating that the preliminary estimate for the total narrow passenger car market in May is about 1.52 million vehicles, of which new energy retail sales can reach around 950,000, with a penetration rate expected to exceed 62.5%. The "May Day" golden week, combined with local car shows and manufacturer promotions, has led to an increase in the heat of the car market; the new models launched before and after the Beijing Auto Show are gradually starting terminal deliveries, providing strong support for the new energy market. In summary, the car market in May will show a "high first and low later" trend, with moderate growth for the whole month.