<div id="readability-page-1"><blockquote><ul><li>China NEV retail sales rose 27% sequentially in the first 10 days of May, indicating recovering demand following the Beijing Auto Show and Labor Day holiday.</li><li>Despite a double-digit year-on-year decline in sales, NEV penetration continues to climb, with the wholesale penetration rate topping 60%.</li></ul></blockquote><figure id="attachment_140843"><img src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051402194343.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051402194343.jpg"/><figcaption id="caption-attachment-140843">(A Chery Jetour T1 i-DM hybrid SUV on display at the Beijing Auto Show in April 2026. Image credit: CnEVPost)</figcaption></figure><p>Retail sales of passenger new energy vehicles (NEVs) in China reached 226,000 units between May 1 and May 10, down 13% from the same period last year but up 27% from the same period last month, according to data released Wednesday by the China Passenger Car Association (CPCA).</p><p>The figures suggest the market is gradually recovering from its previous slump. NEVs continue to dominate China's passenger vehicle market, with a retail penetration rate of 55.5% in the first 10 days of May.</p><p>Year-to-date, cumulative retail sales of passenger NEVs in China stood at 2.984 million units, a 17% decrease compared to the same period last year.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>Wholesale shipments of passenger NEVs were 193,000 units from May 1-10, down 16% year-on-year but up 23% from the same period in April.</p><p>For the year to date period, cumulative wholesale shipments of passenger NEVs totaled 4.147 million units, down 2% year-on-year.</p><p>The wholesale penetration rate for NEVs climbed to 60.3% in the first 10 days of May, reflecting a continued shift in production focus by automakers, the CPCA said.</p><p>The broader passenger vehicle market also showed signs of warming up in early May. Total passenger vehicle retail sales in China from May 1-10 were 407,000 units, down 21% year-on-year but up 36% from the same period last month.</p><p>This indicates that wait-and-see orders accumulated during the Beijing Auto Show in late April and early May may have started translating into actual sales.</p><p>Year-to-date, cumulative retail sales of all passenger vehicles in China totaled 6.012 million units, a 19% drop from the same period last year.</p><p>In the first week of May (May 1-5), average daily retail sales of passenger vehicles in China were 30,934 units, down 26% year-on-year but up 26% from the same period in April.</p><p>In the second week of May (May 6-10), average daily retail sales of passenger vehicles in China were 50,536 units, down 17% year-on-year but up 43% from the same period in April.</p><p>Wholesale shipments of passenger vehicles in China from May 1-10 were 320,000 units, down 23% year-on-year but up 7% month-on-month.</p><p>From May 1-5, average daily wholesale shipments of passenger vehicles in China were 19,328 units, down 44% year-on-year and down 24% from the same period last month.</p><p>From May 6-10, average daily wholesale shipments of passenger vehicles in China were 44,728 units, down 8% year-on-year but up 29% from the same period last month.</p><p>Year-to-date, cumulative wholesale shipments of passenger vehicles in China reached 8.3 million units, a 7% decrease compared to the same period last year.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051104453461-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cnevpost.com/wp-content/uploads/2026/05/2026051104453461-768x432.jpg"/>                            </p>        </div>        <div>            <p>China's April NEV retail sales continue to fall, while penetration tops 60% for first time</p>            <p>China's BEV retail sales rose 2.4% year-on-year in April, while PHEV sales plunged 25.2%.</p>                    </div>    </div>                                                                                    </div>

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<p>China's NEV retail sales increased by 27% in early May compared to April, reaching 226,000 units, despite a 13% year-on-year decline. The wholesale penetration rate for NEVs surpassed 60%, indicating a shift in production focus. Overall passenger vehicle sales also showed improvement, with a 36% month-on-month increase. Year-to-date, cumulative retail sales of passenger NEVs are down 17%, while total passenger vehicle sales have decreased by 19% compared to last year. The market is gradually recovering from previous lows, driven by demand following the Beijing Auto Show and Labor Day holiday.</p>

- China's retail sales of new energy vehicles (NEVs) reached 226,000 units from May 1 to May 10, marking a 27% increase from April despite a 13% year-on-year decline.  
- The wholesale penetration rate for NEVs hit 60.3%, indicating a production focus shift among automakers, while total passenger vehicle retail sales also increased by 36% month-on-month.  
- Year-to-date retail sales of passenger NEVs are down 17%, totaling 2.984 million units, signaling a gradual recovery in the market following recent events.

China's early May NEV sales rebound from April lows despite yearly drop