Production & Sales of New Energy Vehicles in China Increase by Over 60% in Jan-Nov 2018

According to the latest statistics of China Association of Automobile Manufacturers (CAAM), the production and sales of new energy vehicles in China in Jan-Nov 2018 reached 1.0532 million units and 1.0298 million units respectively (up 63.63% and 68% compared to last year), showing a steady growth in the production and sales of new energy vehicles.  

Compared to the nearly 70% growth in new energy vehicles, the growth in China’s automotive market is slowing down. In the first 11 months of 2018, China’s automotive production and sales were 25.3252 million units and 25.4197 million units respectively (down 2.59% and 1.65% compared to same period last year). Production and sales of passengers cars reached 21.4741 million units and 21.4784 million units (down 3.37% and 2.77% compared to same period last year); production and sales of commercial cars reached 3.851 million units and 3.9413 million units, up 1.97% and 5% compared to same period last year.

From Jan. to Nov. the production and sales of electric vehicles reached 0.8066 million units and 0.7909 million units respectively, up 50.30% and 55.66% compared to same period last year; production and sales of plug-in hybrid powered cars reached 0.2466 million units and 0.2386 million units, up 130.27% and 127.58% compared to same period last year.