CPCA: May narrow passenger car retail expected to be 1.52 million units, new energy expected to be 950,000 units
The China Passenger Car Association (CPCA) estimates that retail sales for narrow passenger cars in May will reach approximately 1.52 million units. Within this total, new energy vehicles are projected to account for around 950,000 units, with their market penetration expected to exceed 62.5%. The report also notes the establishment of Hefei Sabway Catering Management Co., Ltd., a wholly-owned subsidiary of Sabway Catering Management (Shanghai) Co., Ltd. AI