CATARC report - February 2016: New Energy Vehicle trends in China
Production of new energy vehicles declines significantly for the first time in 2016
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 new energy vehicles (electric vehicles [EVs], plug-in hybrid vehicles [PHVs], and fuel cell vehicle [FCVs]; vehicles equipped with lead-acid batteries were excluded) in January 2016 in China increased by 1.5-fold year-over-year (y/y) to 16,307 units. By vehicle type, 65% of the production volume of new energy vehicles was EVs of which 76% was passenger cars. Production volume of all vehicle types declined by more than 50% in January compared to that of the previous month. In particular, production volume of special-purpose EVs significantly declined, dropping from over 20,000 units (from the previous month) to 409 units.
Fig. 1 Production volume of new energy vehicles (Aug. 2015 to Jan. 2016)