China Expected To Account For 40% Of Worldwide Production Of New Energy Vehicles In 2016
China closed out the year producing nearly 500,000 new energy vehicles (electric vehicles) for the whole of 2016 (while the country sold just over 351,00 of them as passenger EVs) . That figure is estimated to account for some 40% of the worldwide production total for new energy vehicles in 2016.
As Yicai Global reports:
“China’s new energy vehicle production is expected to account for 40 percent of the world’s total this year, according to Xu Yanhua, a deputy secretary general of the China Association of Automobile Manufacturers.”
Production of new energy vehicles in China has risen sharply as of late with some 84,000 made in November 2016 alone. That’s up 44.3% over last November and it brings the January-November total to an estimated 402,800 new energy vehicles produced in China.
Xu Yanhua, deputy secretary general of the China Association of Automobile Manufacturers, stated:
“The continued rise in output and sales of new energy vehicles suggests across-the-board progress throughout the entire industry.”
One of the leading new energy vehicle automakers in China is BYD who’s seen sales rise sharply (almost untraceable volume in late 2013 to 10,000 or so in some months of 2016) over the past few years (see chart).
Source: Yicai Global