China EV market: State of play

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    Still a low uptake of EVs in the Middle Kingdom but the high-end is looking good - particularly if you are a captain of industry or a hip Party official.



    Analysis of NEV imports in 2014

    According to data issued by China Association of Automobile Manufacturers (CAAM), China imported a total of 29,436 new energy passenger cars in 2014. Of those, hybrid passenger cars (including PHEVs) contributed 24,683 units, and all-electric cars totaled 4,753 units.

    (Note: CAAM did not issue data on new energy car imports in the first half of 2013, so there are no YOY changes.)

    2014 new energy passenger car imports
    Column 1 Column 2 Column 3
    0

    All-electric cars

    Hybrid passenger cars

    1
    Jan

    0

    914

    2
    Feb

    0

    0

    3
    Mar

    0

    2,090

    4
    Apr

    53

    2,385

    5
    May

    545

    2,039

    6
    Jun

    958

    2,855

    7
    Jul

    305

    2,394

    8
    Aug

    439

    1,801

    9
    Sep

    1,033

    2,058

    10
    Oct

    132

    3,166

    11
    Nov

    518

    2,663

    12
    Dec

    770

    2,318


    With respect to brands, the Lexus contributed the most to the total quantity of imported new energy cars, accounting for 78% of the gross number. The Lexus cars sold in China were all hybrid passenger cars.

    Top 10 brands by new energy car imports in 2014
    Column 1 Column 2
    0

    2014 imports

    1
    Lexus

    23,080

    2 Tesla
    3,729

    3 Audi
    709

    4 Porsche
    364

    5 BMW
    221

    6 Hyundai
    124

    7 Kia
    97

    8 Honda
    55

    9 VW
    78

    10
    Chevrolet

    19

    Source: China Association of Automobile Manufacturers, February 10, 2015


    NEVs exempt from purchase tax in 2014

    From September to December 2014, the Ministry of Industry and Information Technology (MIIT) and State Administration of Taxation (SAT) published three batches of Catalog of New Energy Vehicles Exempt from Purchase Tax. During this period, a total of 39,400 new energy cars enjoyed purchase tax exemption, including 33,800 passenger cars and 5,615 commercial vehicles. However, no imported models were included.

    Areas with over 1,000 new energy cars exempt from purchase tax
    Column 1 Column 2
    0

    Sep to Dec 2014

    1
    Shanghai

    8,740

    2
    Jiangsu

    5,799

    3
    Beijing

    5,526

    4
    Zhejiang

    5,474

    5
    Guangdong

    2,184

    6
    Shenzhen

    1,845

    7
    Anhui

    1,592

    8
    Hubei

    1,537

    9
    Hunan

    1,504

    10
    Sichuan

    1,430


    Automakers with over 1,000 new energy cars exempt from purchase tax

    Column 1 Column 2 Column 3
    0


    Sep to Dec 2014

    1
    Passenger cars

    BYD

    10,359

    2 Geely
    9,084

    3 BAIC Motor
    4,984

    4 Hunan Jiangnan Automobile Manufacturing Co., Ltd.
    4,309

    5 JAC
    1,954

    6 SAIC
    1,738

    7
    Commercial vehicles

    King Long Motor Group

    1,338

    8 Yutong Bus
    1,315

    Source: Ministry of Industry and Information Technology, February 10, 2015



    Shanghai plugs plate loophole

    Youth Daily reporters learnt from local dealers that NEV purchasers must provide relevant documents to prove they have built charging posts, before applying for plates.

    The Shanghai Commission of Economy and Information explained that some purchasers are taking advantage of eased qualification for NEV licence plates, by running hybrids exclusively on fuel, rather than electricity. That is why the new rule is issued.

    In 2014, there were 8,481 hybrids sold in Shanghai but only 2,405 pure EVs.


    Ynet website/ 163 website, February 3, 2015


    Economy stutters: January CPI and PPI withering
    CPI
    China’s consumer price index YOY growth hit a record low to 0.8% in January, shrinking 0.7 percentage points lower than December. This is the first time that CPI growth has fallen below 1% since November 2009.
    CPI related to automotive fuel and accessories fell 18.3% in January, with the decline widening by 17 percentage points compared to December.
    CPI related to automotive use and maintenance climbed 2.3%, slowing 0.7 percentage points from December.
    PPI
    China’s production price index reported a YOY fall of 4.3% in January, to show a 35-month straight negative growth. PPI regarding automotive manufacturing industry dipped 0.5%, widening 0.1 percentage points from the previous month.
    Source: National Bureau of Statistics
 
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