China NEV Penetration Hits 62.9% in May, Export Share Smashes Record 54%
China’s passenger-car market faced pressure in May with weak domestic demand, while exports surged. Despite a drop in overall sales, NEV penetration reached a record 62.9%.
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China’s passenger-car market faced pressure in May with weak domestic demand, while exports surged. Despite a drop in overall sales, NEV penetration reached a record 62.9%.
Nissan and Chery signed a non-binding MOU for future vehicle production cooperation at Sunderland plant, starting in 2027, enhancing Chery’s European expansion.
In May 2026, UK EV registrations surged, with battery-electric vehicles growing 31%, capturing 27% market share amid declining gasoline registrations.
Tata Motors will license vehicle technology from Chery for its Avinya EV program, adapting to changes in their production strategy.
In May 2026, Australia’s new-vehicle market fell 2.3%, but electric vehicle sales surged, with BEVs and PHEVs significantly boosting overall industry performance.
In May, Italy saw new vehicle registrations rise 7.64%, with Chinese brands increasing their market share significantly, led by BYD.
MG, owned by SAIC Motor, plans to open its first European manufacturing plant in Spain by 2028, investing €200 million.
China’s auto industry stabilized in May, with several brands achieving record deliveries amid competitive pressures.
Global NEV sales in Q1 2026 reached 3.94 million units, with Chinese brands dominating the BEV and PHEV markets amid rising competition.
In April 2026, EU vehicle registrations rose 5.1%, driven by Chinese EV growth and a shift towards new-energy vehicles amid rising oil prices.