BYD Qin EV300

BYD Qin EV300

New Energy Vehicle (plug-in electric vehicles) sales in China more than doubled in June, to about 44,000 - which is over 2.1% of all vehicle sales that month.

As always, all-electrics (BEVs) continue to dominate the plug-in demographics, notching over three-fourths the total (34,000), while the remaining 10,000 are plug-in hybrids (PHEVs).

The largest manufacturer is BYD, which sold no less than 10,000 plug-in cars (plus buses and trucks) on its own.

"According to the statistics made by CAAM, in June, the production and sales of new energy vehicles reached 45 thousand units and 44 thousand units respectively, increasing 107.4% and 107.3% year on year.

To be specific, the production and sales of BEV reached 35 thousand units and 34 thousand units, increasing 126.1% and 126.6% year on year; and such figures for PHEV were both 10 thousand units, increasing 61.3% and 61.8% year on year."

Some 170,000 plug-ins have now been sold this the year - 126% more than year ago. June's surge also sees China's market account for more than 1 out of 2 EVs sold worldwide overall in 2016 ...and the first six months of the year are the slow ones in China!

"For the first half, the production and sales of new energy vehicles reached 177 thousand units and 170 thousand units respectively, increasing 125.0% and 126.9% year on year. To be specific, the production and sales of BEV reached 134 thousand units and 126 thousand units, increasing 160.8% and 161.6% year on year; and such figures for PHEV were 43 thousand units and 44 thousand units, increasing 57.1% and 64.2% year on year."

We should note that the total CAAM tally does include some plug-in sales not "classically" included in the traditional EV sales totals reported worldwide (buses, commercial/heavy), so it is not a true "apples-to-apples" comparison.

Sales of New Energy Vehicles in China – January-June 2016

Sales of New Energy Vehicles in China – January-June 2016