CATARC report - March 2016: New Energy Vehicle trends in China
New energy vehicle production in February falls below 10,000 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 new energy vehicles (electric vehicles [EVs], plug-in hybrid vehicles [PHVs], and fuel cell vehicle [FCVs]; excluding vehicles equipped with lead-acid batteries) in February 2016 in China declined by 50% month-over-month (m/m) and increased by 64.3% year-over-year (y/y) to 8,262units. Cumulative total for January through February 2016 was 24,600 units. Year-over-year production of passenger EVs was at its highest and that of passenger PHVs declined by more than 50%. By vehicle type, production volume of passenger cars, buses, and special-purpose vehicles in February 2016 accounted for 79.8%, 17.7%, and 2.5% of the production share, respectively.
Fig. 1 Production volume of new energy vehicles (Sep. 2015 to Feb. 2016)