China Auto

BEVs accounted for 607,000 units of retail sales in May, up 22.6 percent year-on-year and up 7.4 percent month-on-month.

China's May Vehicle Inventory Alert (VIA) Index stood at 52.7 percent, indicating that the automotive industry remains in a contractionary range.

China's auto dealers' inventory factor was 1.41 in April, implying that dealers' inventory levels were in a reasonable range.

In Jan-April, China's passenger NEV production amounted to 4,075,000 units, up 47.97 percent year-on-year.

Retail sales of BEVs in April were 559,000 units, up 38 percent year-on-year, but down 13.5 percent from March.

China's Vehicle Inventory Alert (VIA) Index stood at 59.8 percent in April, implying that the automotive industry continues to be in contractionary territory.

China's auto dealer inventory factor stood at 1.56 in March, implying that dealer inventory levels are above a reasonable range.

In the first quarter, China's passenger NEV production was 2,924,000 units, up 49.80 percent year-on-year.

BEVs had retail sales of 646,000 units in March, up 50.6 percent year-on-year and up 51.2 percent from February.

China's Vehicle Inventory Alert (VIA) Index stood at 54.6 percent in March, implying that the automotive industry continues to be in contractionary territory.