CATARC report - April 2016: New Energy Vehicle trends in China
50,000 vehicles produced in 1Q 2016; passenger EVs account for half of March share
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 March 2016 in China increased by 54% year-over-year (y/y) and by 168% month-over-month (m/m) to 22,129units. Production volume of new energy vehicles in the first quarter of 2016 increased by 1.72-fold y/y to 46,700 units. Passenger EVs accounted for nearly half of the new energy vehicle production share in March 2016. Production volume on a year-over-year and month-over-month basis for special-purpose EVs and passenger PHVs increased, but that for plug-in hybrid buses declined. By vehicle type, passenger cars accounted for 76%, buses accounted for 16%, and special-purpose vehicles accounted for 8% of the new energy vehicle production share in March 2016.
Fig. 1 Production volume of new energy vehicles (Oct. 2015 to Mar. 2016)