China passenger car sales to hit 1.52M in May, NEVs at 950K

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

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• China Passenger Car Association
• Hefei Sabway Catering Management Co., Ltd.
• Lagou.com
• Model S
• narrow passenger cars
• new energy vehicles
• Sabway Catering Management (Shanghai) Co., Ltd.
• Samsung
• Tesla
• Model X
• Warren Buffett

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