Report: Sales of new-energy vehicles in Feb up 95.2% year on year

Published: Mar 15, 2018 11:16

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Sales of new-energy vehicles in China surged 95.2% year on year and stood at 34,000 in February, according to data from the Ministry of Industry and Information Technology (MIIT).

SHANGHAI, Mar 15 (SMM) – Sales of new-energy vehicles in China surged 95.2% year on year and stood at 34,000 in February, according to data from the Ministry of Industry and Information Technology (MIIT).

Production of new-energy vehicles rose 119.1% year on year and stood at 39,000.

For the first two months of the year, production and sale increased 168.4% and 164.3% on a yearly basis, and stood at 82,000 and 75,000 respectively.

The Chinese New Year holiday affected production and sales of automobiles in February. Production fell 20.8% on a yearly basis and sales fell 36.6% on a monthly basis. Sales declined 11.1% year on year and 38.9% month on month.

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new-energy vehicles sales production

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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