CATARC report - March 2018: NEV trends in China
New energy vehicle production increases by 286% y/y in February
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.
Although there were only 28 days in February in addition to a seven-day Chinese New Year holiday, 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 February 2018 in China increased by 286% year-over-year (y/y). It marked the second highest year-over-year growth rate following January. By vehicle type, production volume of EVs and PHVs accounted for 72% and 28%, respectively, of the production share, and passenger cars, buses and special-purpose vehicles accounted for 85%, 7%, and 8%, respectively, of the share.