China Reports 331,092 New Energy Vehicles Sold In 2015 (Excluding Imports)
Chinese New Energy Vehicles production and are sales surging to the point at which it takes global lead (basing on absolute values).
In 2015, Chinese manufacturers produced 340,471 all-electric and plug-in hybrid vehicles (cars, buses, trucks) and sold 331,092. That’s not all, because sales of imported cars (like Tesla Model S) are not included in those figures.
The growth is tremendous compared to 2014 – well over 300% up.
Most of those sales comes from pure electric vehicles, which grew more than twice as much as plug-in hybrids in China:
“To be specific, the production and sales of BEV reached 254,633 units and 247,482 units, increasing 4.2 times and 4.5 times year on year; and such figures for PHEV were 85,838 units and 83,610 units, increasing 1.9 times and 1.8 times year on year.”
The bulk of NEVs sales are passenger cars – 207,382, while the rest are classified as commercial vehicles.
It’s interesting that the commercial segment is growing much faster – up by over 1,000% year-over-year and mostly (5:1) those are BEVs.
“As for new energy passenger cars, the production and sales of BEV reached 152,172 units and 146,719 units, increasing 2.8 times and 3 times year on year; and such figures for PHEV were 62,608 units and 60,663 units, both increasing 2.5 times year on year.
In terms of new energy commercial vehicles, the production and sales of BEV reached 102,461 units and 100,763 units, increasing 10.4 times and 10.6 times year on year; and such figures for PHEV were 23,230 units and 22,947 units, increasing 91.1% and 88.8% year on year.”
The largest manufacturer in China and the company with the top selling NEV in China is BYD.
Their Qin model attracted 31,898 sales in 2015 and 46,787 combined with 2014 sales and December 2013.
BYD is also the first manufacturer that crossed 10,000 sales of plug-in electric passenger cars a month, but they sells other types of EVs too – mostly buses.