Production & Sales Of New Energy Vehicles In China Soared in July

AUG 24 2015 BY MARK KANE 10

Plug-in car sales in China โ€“ July 2015 (source: EV Sales Blog)

Plug-in car sales in China โ€“ July 2015 (source: EV Sales Blog)

NEVs or New Energy Vehicles (all-electric and plug-in hybrids) without any interruption are expanding on the Chinese market and pulling up battery production.

Gasgoo notes production of 19,307 NEVs and sales ofย 16,884 in July. That’s respectively 2.2 and 3.3 times more than in July 2014.

Plug-in hybrids are growing faster than pure electric – especially thanks to about 5,000 Qin and Tang from BYD.

“In specific, pure EVโ€™s July production and sales increased 1.7 folds and 3.3 folds from a year earlier to 11,252 units and 8,970 units. Plug-in hybrid EV witnessed both 3.4 folds growth in July production and sales up to 8,055 units and 7,914 units.”

Annual NEVs production pace is now at 200,000.

According to the EV Sales Blog’s preliminary estimates, July plug-in car sales stand at some 10,750. After China engaged five digit monthly sales, it’s not likely we’ll see four digits again.

Source: Gasgoo, EV Sales Blog

Categories: Sales

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10 Comments on "Production & Sales Of New Energy Vehicles In China Soared in July"

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Nix

I guess China’s leaders are smarter than ours, so China will beat us in the race to end the dependence on oil as a transport fuel.

Whoever wins that race will win economically the next time there are massive oil price spikes. Whatever nation’s economy is hurt the least by crippling oil price spikes, will have a massive economic advantage, and will capitalize on that advantage while all other nations are left behind.

It is only a matter of “when”, not “if” the next cycle of oil price spikes happen.

Micke Larsson

China generally put engineers and economists in charge. It should almost be a demand everywhere to be allowed to be in charge for a country.

In too many places there are uneducated and even worse, lawyers, often in charge.

kdawg

Looks like YTD China is about 5,000 cars ahead of the US.

Assaf

Well, let’s see if the Chinese economic slowdown puts any dent into this…

I hope not.

Alok

I think our hopes will get fulfilled… ๐Ÿ™‚

I just checked, and the passenger car market in China is already a bit down Y-on-Y, in July (maybe previous months also…), and manufacturers are slowing down production.

On the other hand, plug-in production seems to be set for a continuous growth for sometime. (This opening market is currently clearly heavily production limited)

The result of all this (if the 16,884 figure for July plug-in sales is correct) is a great market share: about 1.34% !!
First time above 1%, I guess.
(Total passenger car sales were about 1.27 m)

And the July plug-in sales are, by far, the all-time, all-country monthly record.
Previous record (to my knowledge): 13,038 sales in US, December 2014.

And it’s just the beginning… ๐Ÿ™‚
Ciao!

Micke Larsson

Those numbers often include buses, trucks and such vehicles too. But with the 10746 “confirmed” sales it’s still 0,85% which is not bad even though we have to wait for the first chinese 1% month.
But soon every month will be above 1% and China will start challenging the top selling countries (on percentage) for real.

Alok

Very right, Mikael.
(I usually have in mind that difference – passenger against total – but in my enthusiasm I forgot it this time ๐Ÿ™‚ ).

Anyway, I just checked total vehicle sales (cars + buses + trucks…) in China in July: about 1.5 millions.

That should mean about 1.1% share of all plug-in vehicles (passenger + large commercial) on the corresponding all-motorization total (16,884 on about 1.5 m).

Great.
Cheers. ๐Ÿ™‚

wavelet

Mark,
IIRC, some in some previous InsideEVs reports about China, the totals for New Energy Vehicles included non-highway-capable city-only cars (ones that would be classified neighborhood-electric in the US).
For other countries, neighborhood-limited cars aren’t counted (unless explicitly mentioned, as for the Twizy).

What the case for the current report?

BraveLilToaster

Well, it’s worth noting that they specifically list the vehicle models in the sales figures, so it wouldn’t exactly be difficult to find out.

Micke Larsson

(Almost?) none of them are LSEVs (low speed electric vehicles). Almost all or even all are highway capable with a top speed of 80 km/h (50 miles/h) or more.

You need to have at least that top speed to be considered a “real” car in China and to be able to get (most) EV incentives.

If you would start to count the low speed EVs instead then the numbers would be massive. There are lots of no-name small manufacturers making such vehicles.