Sales of New Energy Vehicles in China – September 2017

Sales of New Energy Vehicles in China – September 2017

By looking at the results so far this year in China, it is hard to not notice the upward climb in plug-in vehicle sales. For September, deliveries increased by 79% to 78,000!

Once again, that is 78,000 plug-in sales...in a single month.  More than the rest of the world achieved combined last month.

Sales of New Energy Vehicles in China – September 2017

Sales of New Energy Vehicles in China – September 2017

Breakdown on the sales by category:

  • BEVs: 64,000 (up 83.4%)
  • PHEVs: 14,000 (up 61.9%)
Looking ahead to the rest of 2017, we should see back-to-back record monthly sales results in November and December, as the last couple of months of the year in China are typically best ones.

So far this year, sales of New Energy Vehicles (plug-ins) in China have reached 398,000 (up 37.7%).  If it wasn't for the government butchering the incentives at the start of 2017 (ain't slow moving, bureaucratic red tape great?), then we likely would have already seen 500,000 sold in the region.

Inside the numbers, the plug-in you probably have never heard of, set another single month sales record.  The BAIC EC-Series (EC 180) sold 8,419 copies in September, after notching almost 7,000 sales in August.  The Zhidou D2 EV came in 2nd with 5,084 sales, while the BYD Song EV recorded 3,745 registrations.

...and yes, thanks to the last ~60 days of sales, the BAIC EC will be the top selling plug-in vehicle globally in 2017, standing at 37,152 registrations after the first three quarters.

BAIC is the first automaker to sell

BAIC is the first automaker to sell "more than 8,000" of something that plugs in for a single country!

We should note that CAAM reports sales of all kinds of road legal vehicles with a plug-in powertrain (for example buses), but a large majority is still passenger light vehicles...not that an all-electric bus should be counted/considered less than a passenger EV (it should probably be counted as more valuable).

China Association of Automobile Manufacturers states:

"In September, the production and sales of new energy vehicles reached 77 thousand units and 78 thousand units respectively, increasing 79.7% and 79.1% year on year. To be specific, the production and sales of BEV both reached 64 thousand units, increasing 85.2% and 83.4% year on year; and such figures for PHEV were 13 thousand units and 14 thousand units, increasing 57.6% and 61.9% year on year.

For the first nine months, the production and sales of new energy vehicles reached 424 thousand units and 398 thousand units respectively, increasing 40.2% and 37.7% year on year. To be specific, the production and sales of BEV reached 348 thousand units and 325 thousand units, increasing 51.6% and 50.1% year on year; and such figures for PHEV were 76 thousand units and 73 thousand units, increasing 4.0% and 0.6% year on year."

Sales of New Energy Vehicles in China – September 2017

Sales of New Energy Vehicles in China – September 2017