Cui Dongshu: Both the production and sales of new energy vehicles are strong in this round, driven by multiple factors.

Chenglian Branch Cui Dongshu wrote that the current round of strong growth in production and sales of new energy vehicles is jointly propelled by multiple factors: firstly, the high oil price trend is forcing domestic consumption demand to switch from fuel vehicles to new energy vehicles, combined with car companies optimizing production schedules and improving supply efficiency, leading to a 7% increase in wholesale sales of new energy vehicles in May; secondly, the Dragon Boat Festival holiday falls in June, with sufficient production workdays in May ensuring the release of production capacity for car companies; thirdly, the high international oil prices driving overseas demand for new energy vehicles to skyrocket, with self-owned brand new energy vehicles leveraging their technological advantages and outstanding cost-effectiveness, performing better compared to fuel vehicles in overseas markets, with export volumes steadily increasing, further boosting the production and sales of new energy vehicles in China.