CATARC report - December 2015: New Energy Vehicle trends in China
November production exceeds 70,000 units, 2015 production to exceed 350,000 units
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 November 2015 in China increased by 42.4% month-over-month (m/m) and by 7.3-fold year-over-year (y/y) to 75,257 units (908 passenger electric vehicles [EVs] and 4 special-purpose EVs, both equipped with lead-acid batteries, were included). Production volume marked a record high for two consecutive months. Of the 75,257 units, production volume of electrified vehicles that were not equipped with lead-acid batteries was 72,377 units, which also marked a record high. Production volume growth of EVs in November 2015 was significant, of which that of electric buses was the most significant.
Considering that the production volume of electrified vehicles from January to November 2015 was approximately 301,800 units (including vehicles equipped with lead-acid batteries), annual production volume for 2015 may exceed 350,000 units. Annual production volume for 2016 may also exceed 350,000 units. On the other hand, improvement of product quality is a challenge for the vehicle makers. They will need to further develop products that are globally competitive.
Fig. 1 Production volume of electrified vehicles (Jun. to Nov. 2015)