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China 2018 NEV sales

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    Hot off the press:

    "In 2018, sales of new energy vehicles totaled 1.256 million units, an increase of 61.7% over the same period of the previous year. Among them, the sales of pure electric vehicles completed 984,000, an increase of 50.8% over the same period of the previous year; the sales of plug-in hybrid vehicles completed 271,000, an increase of 118% over the same period of the previous year; the sales of fuel cell vehicles completed 1,527."

    "In terms of new energy categories, the sales of pure electric passenger vehicles completed 788,000, an increase of 68.4% over the same period of the previous year; the sales of plug-in hybrid passenger vehicles completed 265,000, an increase of 139.6% over the same period of the previous year. The sales volume of pure electric commercial vehicles was 196,000, and the sales volume increased by 6.3% compared with the same period of the previous year. The sales of plug-in hybrid commercial vehicles all reached 0.6 million, which was 58% lower than the same period of the previous year."



    The reset in June to new range base subsidies plainly obvious, and most likely responsible for the growth rates BEV vs Hybrid virtually swapping 68% vs 140% on previous years.

    With 2019 State subsidies reducing significantly and switching to total auto emissions rather than just NEV I'll punt we'll not only see those hybrid vs BEV growth rates maintained but a new category 48VMH will be added at some point.

    Big picture NdFeB demand auto continues to build critical mass.

    Production:

    "In terms of new energy categories, the output of pure electric passenger vehicles was 792,000 units, an increase of 65.5% over the same period of the previous year; the output of plug-in hybrid passenger vehicles was 278,000 units, an increase of 143.3% over the same period of the previous year."



    Growth rate hybrid vs BEV further extended in production number reflecting the impact H2.

    48VMH likely to show up strongly 2019 in the mass electrification of ICE to avoid punitive credit system.
    Last edited by ausheds: 21/01/19
 
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