CATARC report - February 2015: New Energy Vehicle trends in China
January 2015 production matches average monthly production in 2014
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. Click here for a list of CATARC reports.
Fig. 1 Production volume of electrified vehicles (Jan. 2014 to Jan. 2015)
Production volume of electrified vehicles in January 2015 in China was 8,270 units (vehicles equipped with lead-acid batteries were included). Production volume increased by 2.6-fold year-over-year but decreased by 71% month-over-month. Due to the new energy vehicle policy that the government has implemented, production volume of electrified vehicles in December 2014 rapidly increased. However, because the effect of the policy has faded, production volume in January 2015 decreased. Regardless, production volume of electrified vehicles in January sustained a level close to the monthly average production volume in 2014 (8,555 units).