3 6 Ke·2025-06-04 12:46Core Insights - May was a significant month for the automotive industry, marked by numerous new car launches and strategic announcements, alongside the release of Q1 financial reports from listed automakers [1] - The month also saw a resurgence in the price war among car manufacturers, prompting official intervention to halt the trend [1] - Overall, May was a month of rapid growth for China's new energy vehicle (NEV) sector, with major traditional automakers showing solid performance [1] Company Performance - BYD sold 382,500 NEVs in May, a year-on-year increase of 15.3%, with cumulative sales for the first five months reaching 1.7634 million units, up 38.7% [1] - Geely's NEV sales in May reached 138,021 units, a staggering 135.2% increase year-on-year, with total sales exceeding 600,000 units in the first five months, up 137% [1] - Chery's NEV sales were 63,169 units in May, a 47.7% increase, with cumulative sales for the first five months at 287,798 units, up 111.5% [2] - Great Wall Motors sold 32,638 NEVs in May, with a total of 124,009 units sold in the first five months [2] New Energy Vehicle Startups - New energy vehicle startups saw significant growth, with Leap Motor and Li Auto both exceeding 40,000 units in deliveries for May [3] - Leap Motor delivered 45,100 units in May, a 148% year-on-year increase, while Li Auto delivered 40,900 units, up 16.7% [5] - Xpeng Motors delivered 33,525 units in May, a remarkable 230.4% increase, with cumulative deliveries for the first five months at 162,578 units, up 293% [6] New Model Launches and Technological Advancements - May saw a flurry of new model launches and technological upgrades among new energy vehicle manufacturers, including the release of the 2026 model C10 by Leap Motor [9] - Li Auto launched an upgraded version of its L series, featuring significant enhancements in design and technology, including the latest NVIDIA Thor-U chip for advanced driver assistance [11] - Xpeng's new MONA M03 models were launched, emphasizing smart features and maintaining competitive pricing [13] Industry Challenges and Price Wars - The automotive industry is facing significant profitability pressures, with a new round of price wars impacting margins [19] - The total profit for the automotive manufacturing sector in the first four months was 132.55 billion yuan, a year-on-year decline of 5.1% [25] - The Ministry of Industry and Information Technology has expressed opposition to unrestrained price wars, advocating for normal market competition [25]