Home / Metal News / China New Energy Vehicle Sales Fall Short of Forecast on Policy Change

China New Energy Vehicle Sales Fall Short of Forecast on Policy Change

iconMay 25, 2017 13:20
Source:SMM
China’s new energy vehicle production expanded 1.4% YoY to 95,800 sets while sales declined 0.2% YoY to 90,400 sets.

SHANGHAI, May 25 (SMM) – In the first four months of 2017, China’s new energy vehicle production expanded 1.4% YoY to 95,800 sets while sales declined 0.2% YoY to 90,400 sets. The growth dropped after continuous rapid development, reported by National Business Daily.

Two Motive Battery Producers Raise Prices, Improving Transaction, SMM Reports

Falling subsidy, re-audit on New Energy Vehicles Recommended Catalogue and stricter inspections are attributed as the main factors to the sales decline.

However, new energy vehicle sales are expected to boost in the second half of year.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

new energy vehicle

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All