Green energy
China new-energy car sales up slightly in May, says CAAM
Jerry Yang, Taipei; Adam Hwang, DIGITIMES

A total of 104,000 new new-energy cars were sold in China in May 2019, increasing 1.8% on year, according to China Association of Automobile Manufacturers (CAAM).

China-based makers produced 112,000 new-energy cars, consisting of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs) and fuel cell electric vehicles (FCV), in May, growing 16.9% on year, CAAM said.

A total of 480,000 new-energy cars were produced in China and 464,000 sold there during January-May, rising 46.0% and 41.5% respectively on year, CAAM noted.

As the China government will cut subsidization for purchases of new new-energy cars on June 26, 2019, prices for such cars are likely to rise, affecting sales, according to media reports.

China new-energy car sector

Car type

May

Y/Y

Jan-May

Y/Y

EV

Production

94,000

21.7%

380,000

52.0%

Unit sales

83,000

1.4%

361,000

44.1%

PHEV

Production

18,000

(4.2%)

99,000

26.4%

Unit sales

21,000

2.2%

103,000

32.7%

FCV

Production

316

-

553

-

Unit sales

315

-

545

-

Source: CAAM, compiled by Digitimes, June 2019

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