CATARC report - April 2015: New Energy Vehicle trends in China
Increased production in March 2015 driven by electric passenger cars
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. to Mar. 2015)
Production volume of electrified vehicles in March 2015 in China increased by 144.2% month-over-month (m/m) and by 200% year-over-year (y/y) to 14,417 units (548 vehicles equipped with lead-acid batteries were included). Production volume was sluggish until February 2015; however, it rapidly increased in March, exceeding 10,000 units in a single month. Production volume of electrified vehicles exceeded 10,000 units in 2014 in the months of September, November, and December.
Production volume in the first quarter of 2015 exceeded 28,000 units. Average monthly production volume was a little under 10,000 units. Looking at the trend up to March 2015, there is a possibility that production volume of electric vehicles for 2015 will exceed 150,000 units.