After a few months threatening to break the all-time record (102,635 units, set last December), the Chinese plug-in electric vehicle (PEV) market finally hit a new high, with some 104,900 plug-in vehicles being registered in September, up 66% and in line with previous months’ growth rates.
Welcome to the next issue of China × Cleantech, September edition. This monthly report is how we attempt to keep you informed on the rapid changes that are happening in China. In case you missed previous editions or want to dive back into one of them, our China × Cleantech features are also published over on the “Future Trends” section of our website. You can also subscribe to our China × Cleantech newsletter.
The world is changing fast, but many worry it is not fast enough, so let’s review the biggest cleantech news from China in August. As always, there’s much news out of China. In order to aggregate and summarize the highlights, this edition of our China × Cleantech feature separates the stories by a handful of broad topics. This report is also published over on the “Future Trends” section of our website.
The Chinese plug-in vehicle (PEV) market hit its second best score this year, with some 93,000 units registered in August. However, it was up only 62%. This is a slowdown from the three-digit growth rates of previous months, and is explained by the fact that “new energy vehicle” subsidies were slashed for vehicles with range lower than 150 km. That happened in June, resulting in many small city EVs losing a large number of sales.
The Chinese plug-in electric vehicle (PEV) market lifted off the accelerator, with some 78,000 units registered in June, up only 77%. This slowdown from the three-digit growth rates of previous months is explained by the fact that, in June, “new energy” subsidies were slashed to vehicles with ranges lower to 150 km. That means most small “city EVs” stopped being sold, draining a significant percentage of sales.
As a sign of its general and ongoing transition to a focus on all-electric vehicles rather than on plug-in hybrids, it appears that BYD will be releasing an all-electric version of the popular Song SUV but perhaps not a plug-in hybrid version as previously planned. As it stands, the BYD Song … [continued]
