CATARC report - February 2018: NEV trends in China
New energy vehicle production increases by 821% y/y in January
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 January 2018 in China increased by 821% year-over-year (y/y) to approximately 40,000 units, marking a record high for year-over-year growth rate. Up to last year, production at the start of the year tended to decline; however, in 2018, production of new energy vehicles expanded due to sales regulations of combustion engine vehicles. By vehicle type, production volume of EVs and PHVs accounted for 64% and 36%, respectively, of the production share, and passenger cars, buses and special-purpose vehicles accounted for 85%, 7%, and 8%, respectively, of the share.