High oil prices have hit sales of internal-combustion-engine vehicles, driving NEVs to a record 62.9% market share in May, even as overall passenger-vehicle sales fell 22.1%
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In May 2026, retail sales of passenger cars in China fell 22.1% year-on-year to 1.51 million units. Photo: IC
Domestic retail sales fell 20% in the first half, while exports surged more than 70%, underscoring a widening divide between…
Monthly sharp decline puts a full-year contraction nearly inescapable even as automakers intensify promotions
EVs now make up nearly all of the top 10 selling cars in the world’s largest auto market.
Reduced subsidies and tax changes drag down early‑2026 vehicle purchases while exports surge to offset weak domestic demand
China’s auto market weakened further in May, with rising oil prices denting demand for gasoline-powered cars and helping electric…
Car sales are down across the China - except for BEVs. The world's largest auto market is running away from anything with an…
China NEV share hits record 62.9% in May
