CATARC report - November 2017: NEV trends in China
New energy vehicle production declines slightly in October
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 a lead-acid battery) in October 2017 in China increased by 75% year-over-year (y/y) and declined by 6.2% month-over-month (m/m). The main reasons for the decline in month-over-month production were due to the consecutive holidays (National Day and Mid-Autumn Festival) and due to the reduction of plant working days to reduce air pollution caused by heavy fog. By vehicle type, production volume for all vehicles (except plug-in hybrid buses) declined on a month-over-month basis. Production shares of EVs and PHVs were 85% and 15%, respectively, and that of passenger cars, buses, and special-purpose vehicles were 71%、11%、and 18%, respectively.