CATARC report - January 2015: New Energy Vehicle trends in China

December production of 30,000 units exceeds 1% of total Chinese vehicle production

2015/02/02

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 December 2014)

  Production volume of electrified vehicles in December 2014 in China increased by 3.1-fold year-over-year (y/y) and 2.8-fold month-over-month (m/m). Production volume was 28,012 units (977 vehicles that were equipped with lead-acid batteries were excluded), which hit a new record high. As for the breakdown, production volume of new energy vehicles—electric vehicles (EVs) and plug-in hybrid vehicles (PHVs)—was 27,590 units and that of hybrid vehicles (HVs) was 422 units. Looking at the production volume of electrified vehicles in December by vehicle type, production volume of passenger cars was 15,614 units with a market share of 55.7%. Production volume of buses was 10,242 units with a market share of 36.6%. Production volume of specialty vehicles was 2,156 units with a market share of 7.7%. Production volume of 84,900 units was recorded for new energy vehicles in 2014.

  Production volume of new energy vehicles (EVs and PHVs) in December exceeded 20,000 units, which was 1.3% of the vehicle production in China. As for the production volume of passenger cars, new energy vehicles (passenger EVs and PHVs) accounted for 0.8% of the total production. Of the production volume of new energy vehicles in December, production volume of EV buses had the highest increase. Production volume of EV buses exceeded 6,000 units and increased by approximately 5-fold m/m. Production volume of EV specialty vehicles had the second highest increase to that of EV buses. Production volume of EV specialty vehicles increased by more than 3-fold m/m. In test cities, adoption of EV specialty vehicles in the construction and logistics sectors are being promoted. Thus, it is likely that production share of EV specialty vehicles will further increase. On the other hand, production volume of HVs is on a downward trend because they are not subject to new energy vehicle subsidies that are provided by the central government (refer to Figure 2). Production volume of HVs from two of Toyota’s joint ventures accounted for 85% of the production volume in December.


Fig. 2 Transition of hybrid vehicle and new energy vehicle production shares (January to December 2014)

Fig. 3 Transition of new energy vehicle production shares by vehicle type (January to December 2014)