Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

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

For queries, please contact William Gu at williamgu@smm.cn

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

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

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?

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 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

China excavator sales fell 15.4% YoY in January

In January, domestic excavator sales accounted for 7,758 units, down 23.5% year on year, while exports expanded 35.3% during the same period to 2,184 units

Feb 19, 2020 11:31

Analysis

China excavator sales fell 15.4% YoY in January

Update: China January NEV production dropped 52.3% from a year ago

China’s production of new energy vehicles dropped in the first month of 2020, as producers shut or trimmed output due to the Lunar New Year holiday and continued market weakness

Feb 17, 2020 17:21

SMM Insight

Update: China January NEV production dropped 52.3% from a year ago

China's nickel sulphate market barely balanced in 2020-2022

Annual average surplus will stand below 20,000 mt in physical content

Dec 25, 2019 15:43

SMM Insight

China's nickel sulphate market barely balanced in 2020-2022

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  NET ZERO MEA is the premier leadership summit of solar, energy storage, and renewable energy sectors in the Mid-East.
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 New Energy Industry Chain Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

China NEV sales growth slowed to 5.1% in 2019

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

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

CLNB 2025 New Energy Industry Chain Expo