AITO New Energy Vehicles - 06/14/2024

AITO new energy vehicles M7 and M9, a collaboration between Huawei and SERES, on display in Yichang, Hubei province, China, June 14, 2024. According to the China Association of Automobile Manufacturers, from January to May 2024, China's automobile production and sales reached 11,384 million and 11,496 million, respectively, up 6.5% and 8.3% year-on-year. Among them, the production and sales of new energy vehicles reached 3.926 million and 3.895 million, respectively, an increase of 30.7% and 32.5%, and the market share reached 33.9%.