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Home / Metal News / China NEV sales growth slowed to 5.1% in 2019

China NEV sales growth slowed to 5.1% in 2019

Jan 10, 2020 11:01

Source:SMM

About 1.06 million new energy passenger vehicles were sold in China in 2019, up 5.1% from 2018

SHANGHAI, Jan 10 (SMM) – China’s new energy vehicle sales rose slower in 2019, as Beijing slashed subsidies, trying to wean the sector off government support.

The China Passenger Car Association (CPCA) said on Thursday that 1.06 million new energy passenger vehicles were sold in China in 2019 in terms of wholesale volume, up 5.1% from 2018.

This marked a substantial deceleration from 2018, when sales jumped 88.5% to 1.01 million units.

In December 2019, wholesale sales of NEPVs in China surged 73.5% from November to 135,700 units. On a year-over-year basis, the sales declined 15.1% last month.

Sales data

New energy vehicle

NEVs

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Sales of NEVs fell further in February. In February, sales of NEVs were 94,432 units, a 36% decrease from the previous month's 146,493 units.

Mar 24, 2021 13:31

Analysis

Sales of NEVs continued to decline in February, sales of Model Y surged month-on-month

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

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

Tight feedstock supply underpinned cobalt prices, battery-grade lithium carbonate prices to rise

Continued tightness in supply of imported cobalt raw materials and slightly improved downstream demand still underpinned cobalt prices, but trades turned quiet after downstream users completed phased stockpiling.

Aug 17, 2020 15:56

SMM Insight

Tight feedstock supply underpinned cobalt prices, battery-grade lithium carbonate prices to rise

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

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?

China's new energy passenger car sales rose 19.5% in May from month ago: CPCA

China’s wholesale deliveries of new energy passenger vehicles rose 19.5% to 70,200 units in May from the previous month, according to data from the China Passenger Car Association (CPCA) released Monday.

Jun 9, 2020 15:32

Analysis

China's new energy passenger car sales rose 19.5% in May from month ago: CPCA

SMM China Cobalt-Lithium & New Energy Weekly: Keeping track of the cobalt-lithium and new energy industry chain

The outlook for the China’s cobalt-lithium new energy industry in 2020 is full of uncertainties with the hampering impact of COVID-19 on global trade. On the demand side, cobalt-lithium new energy (the key downstream application segment), the new energy vehicles (NEVs) and the 3C consumer markets are affected by the global widespread of the coronavirus pandemic, with sharp declines in overseas orders. On the supply side, we saw the suspension of production across mine smelters and port closures as the demand and supply fundamentals has changed tremendously due to COVID-19.

Jun 12, 2020 18:51

Reminder

SMM China Cobalt-Lithium & New Energy Weekly: Keeping track of the cobalt-lithium and new energy industry chain

China excavator sales rose 12% YoY in March

China’s excavator sales increased 11.6% year on year in March, recovering from a 50.5% tumble in February, as key construction projects resumed work after the coronavirus pandemic outbreak in the country came under control.

Apr 9, 2020 13:53

Analysis

China excavator sales rose 12% YoY in March

China excavator sales tumbled more than 50% YoY in February

The top 25 Chinese excavator makers sold 9,280 excavators last month, down 50.5% from a year earlier, according to data from China Construction Machinery Association.

Mar 11, 2020 14:41

Analysis

China excavator sales tumbled more than 50% YoY in February

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

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China NEV sales growth slowed to 5.1% in 2019

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NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo