CATARC report - August 2015: New Energy Vehicle trends in China
Production of new energy passenger vehicles in July drops from June records
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.
Production volume of electrified vehicles in July 2015 in China decreased by 11.7% month-over-month (m/m) and by 3.5-fold year-over-year (y/y) to 24,628 units (976 electric vehicles [EVs] equipped with lead-acid batteries were included). Production volume of electrified vehicles declined m/m because production volume of new energy (EVs and plug-in hybrids [PHVs]) passenger vehicles declined. Production volume of passenger EVs declined by 28.3% m/m and that of passenger PHVs declined by 14.6% m/m. Due to the production volume decline of new energy passenger vehicles, production share of passenger cars in July dropped by 8 percentage points m/m to 62%.
Fig. 1 Production volume of electrified vehicles (Feb. to Jul. 2015)