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CHINA EV SALES

Global ranking, total EV sales
NO. 1
Global ranking, EV market share of national fleet
NO. 8

(1.1% Q4 2016)

 

CHINESE EV INCENTIVES

EV’s in China enjoy exemptions on acquisition tax and excise tax. In January 2017 the Government cracked down on the sector by capping the total subsidies available at the Local Government level at 50% of that of the Central Government, dropping the NEV subsidy by 20% effective 1 January 2017, and raising the technology threshold of distance per charge and energy consumption. The new subsidy at Central Government level is now 44,000 yuan ($6,333) for EVs with a range greater than 250km (156 miles), down from 60,000 yuan ($8,600). The subsidy for buses was capped at 300,000 yuan (43,000) down from 500,000 yuan ($72,000). The sudden crackdown led to a crash in NEV sales for January 2017 of below 8,000 units compared to a full year total for 2016 of around 500,000 units. The sector has since recovered but is not expected to reach the stellar growth that it needs to outpace 2016 by double digits. For instance, the availability of license plates is awarded on a lottery, auction or according to a quota. In Beijing, electric vehicles are allowed to drive in the city any day of the week where gasoline cars are banned one day a week.

Read our blog post on the Chinese New Energy Vehicle Program and the Chinese Governments Strategy to dominate the EV sector.

china ev sales

China-EV-Sales-july-2017

ANALYSIS OF CHINESE EV SALES DATA

China has reached the Top 10 Market Share list for the first time in 2015. The country also overtook the USA in 2015 as the country with the highest EV sales for the year. Click through to our detailed breakdown of EV sales in China filled with charts, tables, and insights. We look at the Top EV brands in China, the gainers, the worst performing EVs in China and the battle between BEV and PHEV models.

Registration Of Top Selling Plug-In Electric Vehicles By Model In China

CHINESE EV SALES TO JULY 2017

CHINA RANK ev sales OVERALL RANK 2017 CHANGE FROM 2016 Type Brand Model Total Market Share 2017 2016 2015 2014 2013 2012 2011 6 1 14 EV ZHIDOU Zhidou D2 35,357 4.38% 22,489 9,091 3,777 13 2 19 EV BAIC BAIC E180 25,411 3.14% 21,283 4,128 9 3 6 EV BYD BYD e5 30,828 3.81% 13,772 15,630 1,426 21 4 New PHEV BYD BYD Song DM 11,907 1.47% 11,907 - 23 5 New PHEV SAIC SAIC Roewe eRX5 10,811 1.34% 10,811 - 8 6 2 EV CHERY Chery eQ 33,690 4.17% 9,869 16,017 7,262 542 11 7 -1 EV GEELY Geely Emgrand 26,878 3.33% 9,697 17,181 3 8 -7 PHEV BYD BYD Tang 39,884 4.94% 8,479 31,405 - 26 9 33 EV CHANGAN Changan Benni EV 7,801 0.97% 7,709 92 15 10 3 EV JMC JMC E100 18,410 2.28% 7,577 10,833 7 11 Unchanged EV ZOTYE Zotye Zhidou E20 34,348 4.25% 7,468 13,154 6,385 7,341 12 12 -7 EV BAIC BAIC EU260 25,619 3.17% 6,814 18,805 19 13 3 EV JAC JAC iEV Series 13,842 1.71% 5,471 8,371 22 14 25 EV TESLA Tesla Model S 11,304 1.40% 5,295 485 3,025 2,499 28 15 20 EV JAC JAC iEV6S SUV 6,283 0.78% 5,196 1,087 - 5 16 -9 EV ZOTYE Zotye Cloud/Z100 EV 36,817 4.56% 4,933 16,417 15,467 - 35 17 New EV TESLA Tesla Model X 4,664 0.58% 4,664 - 18 18 -4 EV BYD BYD Qin EV300 14,918 1.85% 4,262 10,656 25 19 1 EV BAIC BAIC EX260 8,261 1.02% 3,727 4,534 24 20 -2 EV JMC JMC E200 8,388 1.04% 3,676 4,712 4 21 -18 EV BYD BYD e6 38,473 4.76% 3,644 20,605 7,029 3,560 1,544 1,690 401 2 22 -18 EV BAIC BAIC E150/160/200 EV 46,079 5.70% 3,433 18,814 16,488 5,234 1,466 644 29 23 2 EV ZOTYE Zotye Zhi Ma E30 6,187 0.77% 2,716 3,471 40 24 New EV CHERY Chery eQ1 2,695 0.33% 2,695 - 10 25 -15 PHEV SAIC SAIC Roewe 550 PHEV 29,306 3.63% 2,450 15,145 10,711 1,000 1 26 -24 PHEV BYD BYD Qin 70,683 8.75% 1,988 21,868 31,938 14,747 142 42 27 New EV DONGFENG Dongfeng ER30 1,807 0.22% 1,807 - 43 28 New EV BYD BYD Song EV300 1,789 0.22% 1,789 - 34 29 -3 PHEV SAIC SAIC Roewe e950 4,911 0.61% 1,509 3,402 49 30 New PHEV SAIC SAIC Roewe I6 1,322 0.16% 1,322 - 50 31 New EV SAIC SAIC Roewe RX5 EV 1,307 0.16% 1,307 - 48 32 11 EV JMC JMC E160 1,361 0.17% 1,298 63 27 33 -16 EV JAC JAC EV 4 6,485 0.80% 1,204 5,281 45 34 7 EV HORKI Horki E300 1,588 0.20% 1,182 406 - - 32 35 -13 EV ZOTYE Zotye TT EV 4,936 0.61% 979 3,957 30 36 -5 EV DENZA Denza EV 6,155 0.76% 848 2,287 2,888 132 52 37 New EV HAIMA Haima EV160 844 0.10% 844 44 38 -2 PHEV VOLVO Volvo S60L 1,747 0.22% 788 959 53 39 New PHEV GM Velite 5 738 0.09% 738 - 31 40 -12 PHEV GAC GAC GA5 PHEV 5,460 0.68% 724 3,378 1,281 77 54 41 New EV CHANGAN Changan Benni Mini 689 0.09% 689 56 42 New EV LIFAN Lifan 330 EV 466 0.06% 466 - 33 43 -24 EV KANDI Kandi K17 Cyclone 4,912 0.61% 315 4,597 58 44 New EV SICHUAN Sichuan Mustang E70 283 0.04% 283 38 45 -18 EV CHANGAN Changan Eado EV 3,577 0.44% 180 3,397 59 46 New PHEV GAC GAC GA3 PHEV 139 0.02% 139 - 36 47 -24 PHEV CHERY Chery Arrizo 7 3,751 0.46% 108 3,643 60 48 New EV BAIC BAIC EH300 EV 100 0.01% 100 - 61 49 New EV HAWTAI Hawtai xEV260 SUV 80 0.01% 80 65 50 New PHEV GAC GAC GS4 PHEV 49 0.01% 49 - 64 51 -5 PHEV GM Cadillac CT6 PHV 54 0.01% 37 17 66 52 New EV GAC GAC GE3 32 0.00% 32 67 53 New PHEV GEELY Geely Emgrand EC7 PHEV 30 0.00% 30 20 54 -42 EV ZHIDOU Zhidou D1 13,613 1.68% 25 11,201 2,387 62 55 -11 PHEV DAIMLER Mercedes C350e 78 0.01% 20 58 68 55 New EV HAWTAI Hawtai iEV 230 20 0.00% 20 - 63 57 -12 EV SAIC SAIC Maxus EG10 MPV 74 0.01% 18 56 57 58 -18 PHEV BMW BMW 530Li 429 0.05% 8 421 51 59 -22 EV DONGFENG Dongfeng Fengshen E30L 1,197 0.15% 6 680 511 14 60 Discontinued EV KANDI Kandi Panda 24,399 3.02% - 3,127 20,390 882 16 60 Discontinued EV CHERY Chery QQ3 EV 17,550 2.17% - 1,303 3,208 2,016 5,727 3,129 2,167 17 60 Discontinued EV JAC JAC J3/iEV 15,279 1.89% - - 9,000 900 1,309 2,485 1,585 37 60 Discontinued EV JAC JAC Ev 5 3,630 0.45% - 3,630 39 60 Discontinued PHEV BYD BYD F3DM 2,819 0.35% - - 1,005 1,201 613 41 60 Discontinued EV KANDI Kandi K10 2,522 0.31% - 2,522 46 60 Discontinued EV KANDI Kandi K12 1,499 0.19% - 1,499 47 60 Discontinued EV SAIC SAIC Roewe E50 1,495 0.19% - 1,495 55 60 Discontinued EV HAWTAI Hawtai E70 524 0.06% - 524 OTHER Other 69,523 9.13% 23 5,768 33,454 22,317 3,813 755 3,393 808,107 210,992 326,172 176,627 61,247 15,006 9,904 8,159

RANKING CHINESE EV BRANDS

YTD JULY 2017

top selling chinese ev brand

RANKING CHINESE EV MODELS

YTD JULY 2017

top selling chinese ev

CHINA EV SALES

Click through to Chinese EV Models

CHINA EV SALES IN THE NEWS

2017 Week 28 - Automakers push back against ZEV plans

The Chinese Governments aggressive electric car quotas are forcing international automakers to fast track electric vehicle plans for the country, fearing penalties such as losing their production licenses. The Chinese Government is expected to implement requirements from 2018 which will require auto companies to sell electric cars to generate ZEV credits. Automakers are complaining that the targets are impossible to meet and will disrupt their businesses. Reuters this week reported on a letter seen by it where auto companies wrote to the China’s Ministry of Industry and Information Technology in June 2018 asking for concessions on the planned initiative. The companies requests include asking for a delay of the program by a year, softening of the penalties and an equal playing field between local and international players.

2017 Week 24 - China May 2017 EV Sales update
EV sales data for May 2017 published this week included data for Germany and China. I will do a complete breakdown of the sales again next month when June figures will allow me to do a deep dive at the halfway mark for the year. Headline data from Germany and China are as follows:

 

 

Germany: EV Sales keep powering ahead EV sales now nearly double that of the same period 2016. Total sales for the year to date stands at just over 17,000 units compared to 8,800 at May 2016. May 2017 EV sales in Germany was nearly treble that of May 2016 as  3,754 EV were added to the fleet compared to only 1,392 units in May 2016.

China: Chinese EV sales are recovering at a decent pace. EV sales in May showed a continuation of the trend started in March 2017. Chinese EV sales are now more than 50% higher than the same period a year ago. May EV sales of over 40,000 units bring the year-to-date sales to 134,000 units. Smaller cars like the Zhidou D2 and BAIC E180 still rules the roost. The new Chery eQ1 has also made the Top 20 list for the month.

2017 Week 24 - China not relaxing EV requirements
In Week 22 we reported on concessions agreed between the German Chancellor and Chinese Premier to delay strict ZEV type mandates to allow German automakers some breathing space. This week the Chinese Legislative Affairs Office published draft legislation ignoring the concessions. The proposed legislation will require automakers to sell new energy vehicles equivalent to 8% of total sales in2018, increasing by 2% annually to reach 12% by 2020. Chinese lawmakers and the Calfornia Resource Board met in China last week to expand cooperation on accelerating the deployment of zero-emission vehicles. The delegation also included officials from Chinese vehicle and battery manufacturers such as BYDBAICGreat WallGeelyDongfengYangtze Motors and a half dozen other vehicle and battery companies.

2017 Week 23 - China call halt to new EV production
Bloomberg released an unconfirmed report on Tuesday that the Chinese Government would place a moratorium on the release of EV production certificates as the country tries to manage the sustainability of the sector. Although the report remained unconfirmed at the time of going to press shares of automakers with issued permits rallied on the news.

In 2016 the Chinese Government announced that it would limit the number of EVs produced by regulating the sector through the issue of production certificates. The National Development and Reform Commission (NDRC), a body that oversees investments in the centrally managed economy, announced that only ten permits would be issued to produce EVs. At the time a much as 200 companies, including 30 IT companies, had business plans to profit from the government’s program to promote electric vehicles. It was estimated that the anticipated production would far exceed 50 million units per year. The Government further feared that the rush of newcomers to the industry would lead to inferior products harming the sustainability of its strategy to dominate the EV sector.

In May 2017 I published an article on the permitting process and the products and strategies of companies with issued production certificates. At the time Shenzhen GreenWheel received the 14th permit, allowing the company to produce 50,000 per annum. Since then a 15th permit, possibly the last for the foreseeable future, was issued to the newly formed JAC/VW joint venture, granting a production certificate of 100,000 per annum.

The Chinese Government targets to add 2 million new energy vehicles to the national fleet per annum by 2020. In 2016 the country sold more than 500,000 taking the total of EVs on the country’s roads to over 800,000 units. Should the report hold true, it leaves the question what would happen to the business plans of companies such as LeEco and NextEV with much-publicised intentions to develop electric vehicles. As recent as February this year LeEco was forging ahead with breaking ground on its 200,000 plant in Deqing, Zhejiang Province, a $1.8 billion project. NextEV made big strides in electric and autonomous vehicle technology through its NIO brand, breaking production records and setting the first autonomous lap record in the process with its NIO EP9 sports car. The moratorium could very well be for a short while until the Chinese EV sectors show signs of recovering from its recent slump. The Chinese EV sector which showed double digit growth until 2016 grew only 7% for the year to date in 2017. If the moratorium is expected to last longer, the incumbents might look at approaching other countries to assist them in developing EV plants.

Click for a list of the Chinese automakers with EV production certificates and their models.

2017 Week 22 - China delays EV quota by a year
  1. Chinese Premier, Li Keqiang, and German Chancellor, Angela Merkel met on Thursday to discuss various trade issues between the two countries, amongst others the impact of the China’s ZEV-like quota on German automaker’s expansion plans in the Asian country. The Chinese Government proposed that car manufacturer had to achieve a level of 8% EV sales by 2018. Although not confirmed Reuters on Friday reported that the Chinese Government agreed to delay the quota to 2019 for German companies but that they should ramp up EV deliveries at a later date.

2017 Week 7 - China EV Sales Slowdown
  1. 1.The Wall Street Journal reported on the Chinese Electric Vehicle market hitting a road block, with new electric vehicles sales down over 60% for January. China up till now has been the mainstay of the sector with sales increases in 2015 of 300% and 50% on top of that in 2016. The recent clampdown on corruption in the sector which led to a range of new regulations being forced on the Chinese market since December 30, 2016, is seen to be the reason for the sharp slowdown. The Wall Street Journal reported on fines of  $150 million imposed on some companies in September 2016. The fines were as a result of subsidy fraud. The Chinese Government also indicated earlier the year that they want to lift barriers to entry and limit the market to around ten manufacturers, down from over 200 currently, in a bid to improve quality and safety of the end product.

2016 Week 51 - China considers opening electric vehicle manufacturing to foreigners
  1. In a bid to fast-track its electric vehicle strategy in an effort to curb pollution, the Chinese Government has called for comments on a proposal to invite foreign automakers to manufacture in the country. Current laws are designed to protect local manufacturers by forcing foreign companies to partner with the local automakers. The Chinese Government now propose to relax these conditions for new energy vehicles, providing the likes of Tesla an opportunity to produce locally and protecting their technology by not having to share it with a local partner.

2016 Week 44 - Nissan China EV Strategy
  1. In related company news, Reuters quoted Nissan CEO, Carlos Ghosn on Thursday announcing that the company has a goal of an $8000 EV for China. The ambitious goal is made possible by the aggressive EV subsidies of the Chinese Government according to Ghosn, speaking at an industry event in Paris.

2016 Week 41 - Bumper Year for Chinese EV sales

1. With the 2016 calendar year quickly coming to and end, it seems from various analysis and reports released this week that it would be a bumper year for electric vehicles. CNBC reported that sales of electric vehicles in Europe would top 500,000 units on the road by the end of the year. Citing a report from non-governmental organization Transport & Environment (T&E) Europe, the second largest market for electric vehicles after China will see an addition of well over 200,000 EV’s sold for the year, a significant improvement on the 145,000 sold in 2015. The Guardian reported that the international electric vehicle stock would be more than 2.1M units by the end if 2016, with the Nissan LeafTesla Model S and BYD’s Tang and Qin being the most popular. Although the EV stock is still only around 1% of total vehicles on the road, it’s now growing 10X faster than traditional combustion vehicles despite low oil prices.

2016 Week 36 - Subsidy Fraud

1. The Wall Street Journal reported that the Chinese Government fined five vehicle manufacturers for subsidy fraud related to the country’s electric vehicle promotion scheme. The fraud totaled around $150M and the penalties levied involved the company’s to pay back the subsidies and a 50% fine on the fraudulently received subsidies. The Chinese Government started tightening the regulations around the country’s electric vehicle program after recent media reports eluded to the fraud. Four of the companies involved inflated their sales figures while a fifth, Gemsea Bus Manufacturing Co. in Suzhou, entirely fabricated an electric vehicle program and had its auto manufacturing license revoked. On top of the fines, the four remaining companies were taken off the list of manufacturers eligible for subsidies.  When reading the announcement, it’s clear that more companies abused the system, but these five were the most blatant.

2016 Week 34 - Targeted Incentives

1. The Chinese Government is considering new targeted incentives for EV production to weed out mediocre products. The incentives will reward true innovation and design. The incentives will go further and require a certain percentage of plug-in electric cars of total production per year from the manufacturers.

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