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South China Morning Post
South China Morning Post
AsiaPac · 4 hrs ago
78◉ Centre
Chinese EV makers recover in May but competition remains fierce amid overcapacity woes
78Quality
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AI Analysis
Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline

Chinese electric vehicle sales recovered in May with premium brands like Zeekr and Leapmotor setting monthly delivery records, though the sector faces ongoing overcapacity challenges and intense competition.

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Chinese EV makers recover in May but competition remains fierce amid overcapacity woes
Sales of electric vehicles (EVs) in China recovered on solid footing in May, as new models fitted with higher-performance batteries and more advanced driver assistance systems drew consumers amid intensified competition. Zeekr, a premium EV brand owned by Geely Auto, the country’s second-largest carmaker, and Stellantis-backed Leapmotor rewrote their monthly delivery records, the latest sign that local government subsidies have whetted consumers’ buying appetite for big-ticket items. Although...
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