According to the latest Vehicle sales figures out of China - there has been a decline in sales this year - but 1 sector had outperformed again
Here are the month by month numbers for the EV sales.
https://www.marklines.com/en/statistics/flash_sales/salesfig_china_2018
I have copied in the last 4 months reported for NEV (New Energy Vehicles) - I'll let you read the rest from the link above.
July 2018
For new energy vehicles (NEVs), production reached 90,000 units, up 53.6% y/y, and sales totalled 84,000 units, up 47.7% y/y. Among NEVs, EV production reached 68,000 units, up 45.4% y/y, while EV sales reached 60,000 units, up 33.6% y/y. Plug-in hybrid vehicle (PHV) production totalled 23,000 units for a y/y increase of 85.3%, while sales totalled 24,000 units for a y/y increase of 101.1%.
June 2018
As for new energy vehicles (NEVs), production reached 86,000 units, up 31.7% y/y, and sales totalled 84,000 units, up 42.9% y/y. Among NEVs, EV production reached 64,000 units, up 18.6% y/y, while EV sales reached 62,000 units, up 29.5% y/y. Plug-in hybrid vehicle (PHV) production totalled 22,000 units for a y/y increase of 93.8%, while sales totalled 22,000 units for a y/y increase of 102.0%.
May 2018
As for new energy vehicles (NEVs), production reached 96,000 units, up 85.6% y/y, and sales totalled 102,000 units, up 125.6% y/y. Among NEVs, EV production reached 77,000 units, up 75.9% y/y, while sales reached 82,000 units, up 112.8% y/y. Plug-in hybrid vehicle (PHV) production totalled 19,000 units for a y/y increase of 138.8%, while sales totalled 20,000 units for a y/y increase of 196.8%.
April 2018
As for new energy vehicles (NEVs), production reached 81,000 units, up 117.7% y/y, and sales totalled 82,000 units, up 138.4% y/y. Among NEVs, EV production reached 64,000 units, up 111.5% y/y, while sales reached 65,000 units, up 126.8% y/y; plug-in hybrid vehicle (PHV) production totalled 17,000 units for a y/y increase of 143.4%, while sales totalled 17,000 units for a y/y increase of 194.6%.
And all this in a year where overall vehicle demand has declined !!
Sk60
(20min delay)