CATARC report - April 2017: NEV trends in China
New energy vehicle production significantly increases in March; electric bus production spikes
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.
Production volume of new energy vehicles (electric vehicles [EVs], plug-in hybrid vehicles [PHVs], and fuel cell vehicles [FCVs]; excluding vehicles equipped with lead-acid batteries) in March 2017 in China increased by 3.5-fold month-over-month (m/m) and by 44% year-over-year (y/y). Production volume of electric buses especially increased, exceeding 100 units; production volume in March was approximately 20 times more than that of January through February. Ratio of EV to PHV was 8:2; the majority of new energy vehicles produced was EVs. By vehicle type, production volume of passenger cars, buses, and special-purpose vehicles accounted for 93%, 5.1%, and 2.2%, respectively, of the production share.