CATARC report - March 2015: New Energy Vehicle trends in China
Decrease in February 2015 production smaller than corresponding 2014 decrease
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 (Jan. 2014 to Feb. 2015)
Production volume of electrified vehicles in February 2015 in China increased by 234.6% year-over-year (y/y) and decreased by 28.6% month-over-month (m/m) to 5,903 units (334 vehicles equipped with lead-acid batteries were included). Although production volume in February decreased m/m due to the Lunar New Year (Chinese New Year), the production volume decrease was less than that of the previous year. Production volume of all vehicles decreased in February 2015 in China; however, the ratio of new energy vehicles (electric vehicles [EVs] and plug-in hybrid vehicles [PHVs]) has been flat m/m at 0.33%.