China's new-energy vehicles market extends growth in Jul

SHANGHAI, Aug 13 (SMM) – China's market for new-energy vehicles (NEVs) continued its growth last month as both output and sales surged from a year ago.

In July, production of NEVs in China increased 53.6% from last year and rose 5.5% from June to stand at 90,000 units, according to data from the China Association of Automobile Manufacturers (CAAM). Sales also rose 47.7% on the year to 84,000 units in July. The figure inched down 0.9% from June, CAAM data showed. 

China's overall vehicle production and sales, however, saw declines on both month-on-month and year-on-year basis in July. 

The country’s vehicle output reached 2.04 million units in July, down 10.8% from a month ago and down 0.66% from a year ago. Sales stood at 1.89 million units in July, down 16.9% on the month and down 4% on the year. 

Among this, passenger vehicle production and sales fell 10.6% and 15.2% on the month to stand at 1.73 million units and 1.59 million units, respectively. On a yearly basis, the figures dipped 1.9% and 5.3%. 

Separately, new-energy passenger vehicle sales in China came in at 42,000 units in July, little changed from a month ago, according to data from the China Passenger Car Association (CPCA).

The data also showed that a total of 1.7 million units of passenger vehicles were sold in China last month, down 4.6% month on month but up 5.5% year on year.

Included in the passenger vehicle category are sedans, sport utility vehicles (SUV), multi-purpose vehicles (MPV) and mini-vans.