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July 18, 2017

New energy vehicle output and sales soar in China

June production and sales of new energy vehicles in China reached 65,000 units and 59,000 units respectively, increasing 43.4% and 33.0% respectively year on year.

June production and sales of new energy vehicles in China reached 65,000 units and 59,000 units respectively, increasing 43.4% and 33.0% respectively year on year.

Production and sales of battery electric vehicles (BEV) totalled 54,000 units and 48,000 units, increasing 52.9% and 41.4% year on year. PHEV production and sales both reached 11,000 units, increasing 10.1% and 5.3% year on year.

In the first half, production and sales of new energy vehicles reached 212,000 units and 195,000 units respectively, increasing 19.7% and 14.4% year on year. BEV volumes were 175,000 units and 160,000 units, increasing 30.4% and 26.2% year on year; PHEV tallies were 37,000 units and 35,000 units, decreasing 14.4% and 19.7% year on year.

Media reports earlier this year said the government had targeted annual EV deliveries to account for 6.7% of total vehicle sales in China by 2020 while EVs were expected to take 20% of total sales by 2025.

The government will introduce tough EV quotas in 2018 to prod automakers to expand the number of EV models on sale and boost output.

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