CATARC report - December 2014: New Energy Vehicle trends in China
November energy vehicle production grows due to increase in EV and PHV bus production
Production volumes in China (Summary)
This report is based on a report by Beijing CATARC Automotive Technology Development Company*;
MarkLines has edited and translated the company's report to prepare this report.
Fig. 1 Production volume of electrified vehicles by vehicle type
(January to November 2014)
Production volume of electrified vehicles in China in November 2014 was 10,361 units, which was the next highest production volume to that of the record high in September. Production volume increased by 4.2-fold year-over-year (y/y) and by 14.2% month-over-month (m/m). As for the breakdown, production volume of new energy vehicles—electric vehicles (EVs) and plug-in hybrid vehicles (PHVs)—increased by 7.6-fold y/y and by 2.2-fold m/m to 9,975 units. Of these units, 959 units were passenger EVs equipped with lead-acid batteries, 176 units were specialty vehicles equipped with lead-acid batteries, and 8,838 units were vehicles equipped with lithium-ion batteries. Production volume of hybrid vehicles (HVs) was 386 units. Production scale of EVs and PHVs was greater than that of HVs by 26.7-fold.
Looking at production volume of electrified vehicles in November by vehicle type, production volume of passenger cars was 6,798 units with a market share of 65.6% (of which 6,523 units were passenger EVs and PHVs and 275 units were passenger HVs). Production volume of buses was 3,056 units with a market share of 29.5% (of which 2,945 units were EV and PHV buses and 111 units were HV buses). Production volume of EV specialty vehicles was 507 units with a market share of 4.9%. In addition, from the previous month, production volume of passenger HVs and EVs decreased while production volume of HV, PHV, EV buses, and EV specialty vehicles increased. Because the introduction of EV and PHV buses as public transport has progressed, production volume of these vehicles in November increased by 2.1-fold m/m to 2,945 units, which was the next highest production volume to that of September 2014. Production volume of EV specialty vehicles doubled m/m.
Fig. 2 Transition of hybrid vehicle and new energy vehicle production shares (January to November 2014)
Fig. 3 Transition of new energy vehicle production shares by vehicle type (January to November 2014)