CATARC report - January 2016: New Energy Vehicle trends in China
2015 production hits 380,000 units; 500,000 unit target mostly achieved
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. Click here for a list of CATARC reports.
2015 was the final year for the 12th Five-Year Plan and second policy for the prevalence of new energy vehicles. Production volume of new energy vehicles (plug-in hybrid vehicles [PHVs] and electric vehicles [EVs]) in 2015 increased by 4.3-fold year-over-year (y/y) to 366,000 units. Production volume of electrified vehicles, including energy-efficient vehicles (hybrid vehicles [HVs]), in 2015 increased by 4.1-fold y/y to 381,000 units. Production volume of new energy vehicles rapidly increased after it exceeded 50,000 units in October 2015. In the fourth quarter of 2015, production volume of 221,000 units was recorded. Production volume of new energy vehicles from 2009 to 2015 was 486,000 units. Production volume target by 2015 was 500,000 units and thus 97% of the target was met. Furthermore, sales of new energy vehicles in China in 2015 exceeded 300,000 units. Sales of new energy vehicles in the U.S. in 2015 was 115,000 units; therefore, production and sales of new energy vehicles in China in 2015 was the largest globally.
Production volume of electrified vehicles, including energy-efficient vehicles (HVs), in December 2015 was 101,800 units. Of the 101,800 units, 95,710 units were new energy vehicles. Production volume of new energy vehicles exceeded that of 2014 and it marked a record high. Production volume of passenger EVs, electric buses, and electric special-purpose vehicles have all exceeded 20,000 units. EVs accounted for 83% of the new energy vehicle production share. Production volume of passenger PHVs exceeded 10,000 units for the first time and it also marked a record high.
Fig. 1 Production volume of electrified vehicles (Jul. to Dec. 2015)