According to the research report of Citic Sec, the wholesale sales volume of the auto industry reached 2.075 million vehicles in May 2024, with a MoM increase of 2.5% and YoY increase of 1.5%. In terms of structure, the export sales volume in May fluctuated due to transportation capacity issues; the penetration rate of new energy continued to rise MoM. With the high-quality supply gradually increasing throughout the year, we are bullish on the continued improvement of the penetration rate of new energy in Beijing.
中信证券：5月产销符合预期，新能源渗透率继续爬升
Citic Sec: May production and sales are in line with expectations, and the penetration rate of new energy continues to climb.
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