CAAM: In May, the national retail sales of passenger vehicles increased by 13% year-on-year, and the retail sales of new energy vehicles increased by 30% year-on-year.

According to the Securities Times APP, the China Passenger Car Association issued a document stating that the national passenger car retail market in May was stable and strong. Preliminary statistics show that in May, the national passenger car market retail sales reached 1.93 million vehicles, an increase of 13% year-on-year and a 10% increase from the previous month. Since the beginning of this year, a total of 8.802 million vehicles have been sold, an increase of 9% year-on-year.