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Home / Metal News / China NEV production dropped 41% YoY in November

China NEV production dropped 41% YoY in November

Dec 17, 2019 14:34

Source:SMM

China produced 95,000 new energy vehicles last month, up 11.8% from a month ago but down 41% from a year ago

SHANGHAI, Dec 17 (SMM) – China produced 95,000 new energy vehicles last month, up 11.8% from a month ago but down 41% from a year ago, showed SMM calculations based on data from the National Bureau of Statistics (NBS) released Monday.

NEV production in January to November amounted to 1.05 million units, up 3.6% from the same period last year.

NBS data also showed China’s overall production of automobiles stood at 2.61 million units, up 3.7% from the corresponding month of 2018, marking the first increase since July 2018.

Auto production, however, is still on track for a second straight year of contraction. For the first 11 months of 2019, production of automobiles totalled 22.86 million units, down 9.6% year on year.

Production data

NEVs

Automobiles

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China produced 3.86 million units of automobiles during January to February, up 89.9% on the year, and this included 317,000 units of new energy vehicles, up 395.3% year on year, according to data from National Bureau of Statistics.

Mar 18, 2021 14:12

Analysis

NBS: China produced 317,000 units of new energy vehicles in January-February

News of cobalt collection and storage underpinned cobalt prices, demand for Chinese e-bikes increased in Europe

Tight cobalt raw materials supply in China has gradually eased, and major traders expect refined cobalt prices to rise amid market talks that the government would collect and storage 2,000 mt of cobalt in late 2020. Prices of lithium salts were stable, with some producers planning to raise prices slightly.

Aug 24, 2020 14:53

SMM Comments

News of cobalt collection and storage underpinned cobalt prices, demand for Chinese e-bikes increased in Europe

China car production and sales hit record highs in June

Data from the China Association of Automobile Manufacturers (CAAM) showed that 2.33 million and 2.3 million automobiles were produced and sold, respectively, in China last month.

Jul 13, 2020 10:51

Analysis

China car production and sales hit record highs in June

China’s new energy passenger car sales rose 25% in June: CPCA

China’s sales of new energy passenger cars increased 25% month on month to 83,000 units in June, according to data from the China Passenger Car Association (CPCA) released on Thursday.

Jul 9, 2020 18:37

Analysis

China’s new energy passenger car sales rose 25% in June: CPCA

How will SVOLT Energy’s cobalt-free battery technology shake the future of cobalt metal?

According to statistics from the United States Geological Survey in 2015, the world's proven land cobalt resources were about 25 million mt, with reserves of 7.2 million mt. The Democratic Republic of Congo, Australia and Cuba accounted for 68% of the global cobalt reserves. Congo (Gold) is the country with the most abundant cobalt reserves. As of 2014, cobalt reserves in Congo stood at 3.4 million mt, accounting for more than 50% of the world’s total.

Jun 11, 2020 15:25

SMM Insight

How will SVOLT Energy’s cobalt-free battery technology shake the future of cobalt metal?

LFP battery demand to rise as China's new NEV subsidies disqualify expensive models

Demand for lithium iron phosphate (LFP) batteries in the new energy vehicle market, which enjoy more cost advantage as compared to high-nickel ternary batteries, will likely increase with support from the latest 2020 NEV subsidy policy, under which only passenger cars costing less than 300,000 yuan/unit will receive subsidies.

Apr 27, 2020 15:50

SMM Insight

LFP battery demand to rise as China's new NEV subsidies disqualify expensive models

China February NEV production tumbled 77.4% from a year ago

Only 12,000 NEVs produced in China obtained qualification certificates in February, down 77.4% from a year ago, according to SMM data. Passenger vehicles accounted for 11,000 units, or 94.7%, while 300 were buses, taking up 2.9%. The rest 300 were special vehicles, accounting for 2.5% of the total.

Mar 10, 2020 10:17

Analysis

China February NEV production tumbled 77.4% from a year ago

MIIT: 84.1% of car production bases in China have resumed work

Data from the MIIT also revealed that 66.5% of workers have returned at those auto-making bases.

Mar 4, 2020 14:29

Analysis

MIIT: 84.1% of car production bases in China have resumed work

Guangzhou to offer subsidies for car purchases

Guangzhou will offer subsidies for car purchases, in a bid to revive auto sales, which have been hit by the fallout from the COVID-19 epidemic outbreak.

Mar 4, 2020 11:01

Industry

Guangzhou to offer subsidies for car purchases

China car imports fell 2% in 2019: CADA

Car imports in China stood at 102,000 units in December, up 24% on the month

Feb 10, 2020 10:57

Analysis

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China NEV production dropped 41% YoY in November

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