The National Passenger Car Market Information Association (referred to as: Passenger Association) released the May 2023 Automobile Intelligent Network Insight Report on the 27th, showing that China's new energy vehicle market continued to perform well in May, and the market penetration rate increased steadily .
According to the Passenger Federation, China's new energy vehicle market will sell 715,000 vehicles in May 2023, a month-on-month increase of 12.6%, a year-on-year increase of 60.7%, and a penetration rate of 30%. Among them, the sales of passenger cars were 689,000, a month-on-month increase of 13.2%, and the sales of commercial vehicles were 25,000, a month-on-month decrease of 3.3%, and a year-on-year increase of 42.4%.
In May 2023, new energy cars accounted for 49.3% of the total new energy vehicles, 5.8 percentage points lower than the same period last year; new energy MPVs and SUVs increased significantly year-on-year, accounting for 462% and 81.3% respectively. New energy MPV is still the fastest growing variety.
From the perspective of loading ratio, the loading ratio of new energy passenger vehicles above L2 level is significantly higher than that of fuel vehicles. In the first quarter of 2023, the proportion of L2+ assisted driving of new energy passenger vehicles will increase, which is 4.2 percentage points higher than that of the same period last year. From the perspective of price, more than 70% of new energy passenger vehicles with a price of more than 240,000 yuan will reach the L2 level or above in the first quarter of 2023.
In addition, in terms of regional distribution, L2+ passenger cars are mainly sold in Jiangsu and Zhejiang. Among the top ten cities with the highest proportion of L2+ level, only Shenzhen is not located in Jiangsu and Zhejiang. At present, the total sales volume of the top ten cities has reached half of the country's total.