China’s New Energy Vehicle Exports Hit a Record in May as Overseas Sales Become Automakers’ Main Buffer Against Domestic Pressure
China’s passenger car market weakened overall in May, but new energy vehicle penetration climbed to a historic high. At the same time, NEV and EV exports, along with overseas sales by automakers, rose sharply, with BYD, Geely, and Great Wall posting particularly strong results. All three sources confirmed robust exports and a record-high share of NEV exports, though they differed somewhat in coverage, emphasis, and some data details.