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[YesAuto News] Recently, the Passenger Association announced the domestic passenger car sales data in May. Among them, the growth rate of new energy vehicles is obvious. Data show that in May, the sales of new energy vehicles were 92,000 units, a year-on-year increase of 140%; from January to May, the sales of new energy passenger vehicles were 280,000 units, a year-on-year increase of 140%, and both pure electric and hybrid hybrid performance were strong. In comparison, the retail growth rate of traditional fuel vehicles in May was only 0.5%, and the new energy market is becoming the latest driving force for the growth of domestic vehicles. Among them, BAIC New Energy, BYD, and SAIC passenger vehicles ranked the top three in sales of new energy vehicles, with monthly sales of 19,632, 13,543 and 10,246 units respectively.

Model May 2018 (Taiwan) May 2017 (Taiwan) Year-on-year 2018 cumulative 2018 cumulative year-on-year
BAIC New Energy 19632 6530 201% 51038 104%
BYD 13543 8767 54% 55434 131%
SAIC Passenger Car 10246 2127 382% 31186 183%
Chery Automobile 5370 2738 96% 18617 213%
Jiangling Motors 4534 1702 166% 14010 66%
Geely Zhidou 4368 4471 -2% 12751 -9%
Shangtong Wuling 4310 0
Zotye Automobile 3810 3150 twenty one% 8783 -5%
Geely Automobile 3608 3015 20% 9008 20%
Huatai Automobile 3573 0
10944 38986%
Data source: Travel Federation; Tabulation: Autohome New Energy Channel

According to statistics and analysis by Cui Dongshu, secretary general of the National Travel Association, the development of new energy vehicles is showing a trend towards high-end. In May, there were 44,900 pure electric medium and micro electric vehicles, an increase of 114% year-on-year, which is still the main growth force of new energy passenger vehicles; small electric vehicles were 9102, an increase of 403% year-on-year, and compact electric vehicles were 18,800. A year-on-year increase of 114%; 196 medium-sized electric vehicles, a year-on-year increase of 131%.

In terms of the regional distribution of new energy vehicles, according to the China Insurance Regulatory Commission’s compulsory insurance vehicle sales data, Shenzhen temporarily surpassed Shanghai and Beijing from January to April 2018. Beijing's pure electric power accounted for more than 90%, and the new energy sources in Shenzhen and Shanghai were mainly plug-in hybrid models.

Cui Dongshu pointed out: “Under the normal trend of the overall Chinese passenger car market trending at the beginning of the year, and then continuing to decline to the bottom of the summer, new energy passenger vehicles have shown a tenacious monthly upward trend, which reflects the new energy passenger vehicle policy after the policy is clear. The phasic development momentum is relatively strong.”

In contrast to the rapid growth of new energy vehicles, the domestic electric vehicle charging infrastructure layout is also strengthening. On June 11, the China Association of Automobile Manufacturers Information Conference was held in Beijing. Director Liu Kai of the Information and Certification Department of the China Electric Vehicle Charging Infrastructure Promotion Alliance announced the promotion and application of the national electric vehicle charging infrastructure in May 2018:

As of May 2018, members of the alliance have reported a total of 266,231 public charging piles, an increase of 59.5% year-on-year. Among them, 116,761 are AC charging piles, 84,174 are DC charging piles, and 65,296 are AC and DC integrated charging piles. Chen Shihua, assistant secretary-general of the China Automobile Association, also predicts that, based on the current market situation, the production and sales scale of new energy vehicles in 2018 may exceed 1 million. (Source: Travel Federation; Compilation/Car Home Cai Liyuan)