CATARC report - June 2018: NEV trends in China
New energy vehicle production stabilizes at over 80,000 units in May
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 May 2018 declined by 0.79% month-over-month (m/m) and increased by 49.56% year-over-year (y/y). Production volume continued to exceed 80,000 units from the previous month. By vehicle type, production volume of EVs and PHVs accounted for 80% and 20%, respectively, of the production share, and passenger cars, buses and special-purpose vehicles accounted for 75%, 19% and 6%, respectively, of the share. Up to 2017, production of new energy vehicles was boosted by regulations on the purchase of internal-combustion-engine vehicles and subsidy policies, but production in 2018 has been expanding due to the new energy vehicle market.