Sales of electric vehicles (EVs) in China rebounded in May, fueled by consumer excitement for new technology and local government cash incentives. This uptick follows fierce competition,as manufacturers race to win over buyers with fresh models boasting better battery performance and advanced driver assistance features.
Leading the way,Zeekr,a premium brand under Geely Auto,reported record deliveries of 34,377 units in May,up 8.2% from April's previous high. Compared to last year,that's impressive 81.8% jump. company recently rolled out new models,including an updated 009 multipurpose vehicle and a limited edition 001 sedan, hoping to draw buyers away from established names like Tesla.
Leapmotor,backed by Stellantis,sold 81,569 EVs in May,beating its previous record of 71,387 units set in April by 14.3%. Year-over-year,that’s an 81% increase,showing the brand's rising popularity. Still, experts warn not all manufacturers will reap benefits of government incentives . Steve Shi,a manager at Juchen Auto Trade, pointed out that overcapacity is a major hurdle for the industry, which could limit advantages of subsidies for some players.
