CATARC report - June 2015: New Energy Vehicle trends in China
Sharp growth in May 2015 production, 1% of all passenger cars made were electric
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 May 2015)
Production volume of electrified vehicles in May 2015 in China increased by 101.9% month-over-month (m/m) and by 3.2-fold year-over-year (y/y) to 21,032 units (700 vehicles equipped with lead-acid batteries were included). Production volume for the month had significantly increased. Production volume of new energy vehicles (electric vehicles [EV] and plug-in hybrid vehicles [PHVs]) that were not equipped with lead-acid batteries was 19,794 units, almost reaching 20,000 units. The vehicle with the highest y/y growth rate was the electric bus (same as the previous month). The vehicle with the highest m/m growth rate was the passenger PHV. Production volume of new energy passenger cars was 15,288 units (EVs, PHVs, and vehicles equipped with lead-acid batteries were excluded), exceeding the milestone of 10,000 units. The production volume accounted for 0.9% of the production share for passenger cars in May.