China NEV production dropped 41% YoY in November

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.