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Research on China New Energy Vehicle Market
Gasgoo Automotive Research Institute has released a report on the overall trends of China new energy market in August, 2017. The report forecasted China new energy vehicle output, and interpreted the new energy vehicle market trend.
In 2018, China's new energy vehicle sales are expected to be over 1 million units and will reach 2 million in 2020.
BEV has seized the major shares of NEV market, and its market shares have been increased year by year.
As the development of NEV market and consumers' favor in SUV, the market share of BEV is gradually expanding. For PHEV models, SUV is prodominating the main market shares.
ZD D2 and RoeweeRX5 are the Best-selling BEV and PHEV Models Respectively.
ZD is the best-selling BEV model in 2017 H1 and the sales are 18,693, followed by BAIC EC Series and BYD e５, the accumulated sales for other models are all below 10,000.
Roewe eRX5 is the best-selling PHEV models, and the sales are the Tope 1 for 9,205 vehicles. The TOP5 best-selling models are all from SAIC and BYD.
New energy market concentration of is obvious, with Top 10 area taking up 88% market shares
Current new energy car sales mainly focus on purchasing-limited, plate-limited cities and provinces that sales of traditional low-speed electronic vehicle dominate large parts. Top 10 areas take up 88% market shares.
