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 of 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 EV’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