Plug-In Electric Vehicle Sales Rises To 35,000 In China For May
A total of 35,000 sales of New Energy Vehicles (another term for all-electric and plug-in hybrids combined) were registered in China for May according to CAAM.
Apparently, the numbers have become so big that CAAM is now just rounding them to thousands…or maybe they are also having some difficulty all Chinese OEMs to report timely results.
Of the 35k, about 26,000 are all-electric vehicles, while 9,000 are plug-in hybrids.
“According to the statistics made by CAAM, in May, the production and sales of new energy vehicles reached 37 thousand units and 35 thousand units respectively, increasing 131.3% and 128.0% year on year. To be specific, the production and sales of BEV reached 29 thousand units and 26 thousand units, increasing 177.0% and 161.6% year on year; and such figures for PHEV were both 9 thousand units, increasing 49.3% and 68.7% year on year.”
After first five months, sales have already reached 126,000, and quite likely passed 160,000 in June, but reports (as per the norm) are slightly delayed.
“For the first five months, the production and sales of new energy vehicles reached 132 thousand units and 126 thousand units respectively, increasing 131.4% and 134.1% year on year. To be specific, the production and sales of BEV reached 99 thousand units and 92 thousand units, increasing 175.1% and 176.2% year on year; and such figures for PHEV were 33 thousand units and 34 thousand units, increasing 55.8% and 65.0% year on year.”
126,000 after five months isn’t that much compared to the 331,000 in 2015, but typically the bulk of all plug-in sales happen in the second half in China, so we expect 2015’s number to easily be passed when all the data is added up.