In June, Over 78,000 Plug-In Electric Cars Were Sold In China

JUL 22 2018 BY MARK KANE 13

In June plug-in electric car sales in China surprisingly were lower than in May, but no panic necessary – as year-over-year growth amounted to 77%.

In total, some 78,260 New Energy Cars were sold at 3.1% market share. It could be more, but it seems that small, low-range BEVs took a hit from changes in subsidies that now favor more long-range models. That would explain the rush in recent months and a softer June.

Manufacturers will need a while to fully adjust the offer, but there are several solid new models coming on the Chinese market that we have peace of mind about China. It’s the world’s largest plug-in car market with nearly 373,000 cars sold during the first six months.

Plug-in electric car sales in China – June 2018

In terms of best selling models, in June we note only 3 BAIC EC-Series, which is kind of shocking as nearly 40,000 were sold in the first five months of 2018.

The three best-selling models last month were: BAIC EX-Series (5,708), Roewe Ei5 EV (4,661) and BYD Qin PHEV (4,606).

The EX-Series is offered from $28,500 before subsidies, offering 415 km / 260 miles of NEDC range using 48 kWh battery. The Roewe Ei5 EV sells for $33,200 and can go 301 km/188 miles on 35 kWh battery.

The other surprise is the Tesla Model X, which with 2,350 deliveries in June sets a new record and a result that 783 times better than BAIC EC-Series).

Plug-in electric car sales in China – June 2018 (Source: EV Sales Blog)

Source: EV Sales Blog

Categories: China, Sales

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13 Comments on "In June, Over 78,000 Plug-In Electric Cars Were Sold In China"

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7% in december? And first double digit month in 2019? Soon will we see China reach levels only Norway, Iceland the Netherlands and Sweden will have done before them.

China backs the WINNERS.
Trump saves the Losers.

The longer Trump is in office the Worse this is for America’s Economy.
Trump is giving away solar, wind, battery and EV’s to China by trying to keep the Loses in business in America.
This will mean LOST JOBS for DECADES.

Actually it was Oboma who saved the looser called GM, Ford, and FCA by stealing billions or was it trillions of dollars of my tax money and gifting it to them when they should have all gone into bankruptcy and been bought for pennies on the dollar by people who can correctly run billion dollar business…
And that doesn’t piss me off half as much as him gifting Wall Street…

Trump is wrong in not trying to be a leader in clean energy and batteries but…
Trump is right in fighting China on free trade after Clinton sold out the US with the China free trade agreement he signed which DID RESULT in “Loses in business in America” and “LOST JOBS for DECADES”…
Surprising the Republicans and Democrats both suck and sell out the US in equally different ways…
Hooray for equality!!!

Yo wrong again: https://en.wikipedia.org/wiki/Effects_of_the_2008– 10_automotive_industry_crisis_on_the_United_States#Federal_government_bailout_process_and_timelineBush approves bailout[edit] On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, “allowing the U.S. auto industry to collapse is not a responsible course of action.”[80] Bush provided $13.4 billion now, with another $4 billion available in February 2009. Funds would be made available from the Emergency Economic Stabilization Act of 2008.[81] General Motors would get $9.4 billion, and Chrysler $4 billion.[82] However, it had been argued that the Treasury lacked the statutory authority to direct TARP funds to the automakers, since TARP is limited to “financial institutions” under Section 102 of the TARP. It was also argued that providing TARP funds to automaker’s financing operations, such as GMAC, runs counter to the intent of Congress for limiting TARP funds to true “financial institutions”.[83] On December 19, 2008, President Bush used his executive authority to declare that TARP funds may be spent on any program he personally deems necessary to avert the financial crisis, and declared Section 102 to be nonbinding.[citation needed] The federal loan would prevent General Motors from going into… Read more »

Well you are right about the auto bail outs right and I got my timeline wrong but I have no love for Bush and the Republicans either…
But Obama was a full supporter and I have no lover for him either…
http://thehill.com/policy/transportation/228836-obama-auto-bailout-was-the-right-thing-to-do

And Clinton still did betray/sign away the American middle class to China or is that wrong too??
http://www.cnn.com/2000/ALLPOLITICS/stories/10/10/clinton.pntr/index.html
https://www.epi.org/publication/issuebriefs_ib137/

Bush provided a couple months worth of cash to GM and Chrysler to avoid immediate collapse. Obama too office the following month and put together the actual bailout.

Mark,

“there are several solid new models coming on the Chinese market”

Which new models will be the few ones (out of these several solid new models) that then will prove to be most popular and sell in high quantities?

Name a few.

The first and foremost is the BAIC EC series which only sold 3 last month…
It was the number one selling plugin last year but qualifies for me because it will sell a lot later this year…
This model can sell 10k to 20k per month…
BAIC stopped production of it and is upgrading its range and specifications so it will receive subsidies again and it should be on sale again later this year…

The second one came out last month and it is the BYD Yuan “With fight price”…
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&sp=nmt4&tl=en&u=https://www.china-auto.news/post/byd-mit-kampfpreis/126&xid=17259,15700021,15700124,15700149,15700168,15700186,15700191,15700201,15700208&usg=ALkJrhiFyA3uenmnQvljm-ocul2ijWWopQ

The VW/JAC partnership producing the SOL will come out later this year but probably not in volume till next year when the Chinese sales mandates for plugins take effect…
Since VW is the number one selling brand by a 2 to 1 margin over the number two brand in China they will have to sell lots and lots of plugins next year and their SOL will be what they use to meet that…

Pretty sure Tesla’s “record” sale were due to last chance purchases before 40% tariff kicks in on July 6, after all you have to be pretty deep in denial to still expect China to negotiate after Trump pulled out of the agreement he signed with them in May.

Its hard to believe that #1 selling BAIC EC180 sold only 3 units because its affordably priced and should be able to sell well even without subsidies. Anyway removing subsidies is good as EV makers have to adjust to the reality by removing unwanted extras.

Just sell with an electric powertrain and it’s smooth enough and should provide enough motive for customers to buy, no need for any sunroof/moonroof/marsroof like options.

Overall very happy to see that 78,000 units are sold even without subsidies for some segment of the industry.

And EV websites are so enamoured by Tesla that everything else is treated as a footnote.

Why are the subsidy changes affecting sales only now? Didn’t they become effective at the beginning of the year?…

If China can prove that electric vehicles can be sold without subsidies, then other countries should start following them. They have cut the subsidies for solar panels too. Its already become cheap, all that every homeowner, company has to do is just install them on their roof tops 1 KW at a time or one company at a time.