China sells 8,159 new energy vehicles in 2011
by Ray Jing
BEIJING – China Association of Automobile Manufacturers (CAAM) released statistics on January 12 to show that China’s complete vehicle manufacturers produced 8,368 new energy vehicles and sold 8,159 of them in 2011. This is the first time CAAM released figures on new energy vehicles.
The CAAM statistics show the number of produced full electric vehicles and hybrids is 5,655 and 2,713. Of the total, passenger vehicles make up 61 percent, commercial vehicles 28 percent, and other types the rest 11 percent.
China also sold 31,300 units of alternative fuel vehicles in 2011, according to the statistics.
CAAM predicted that production and sales of NEVs will see big increases in the next few years since China’s Energy-Saving and New Energy Vehicle Industry Development Plan (2011-2020) (NEV Plan) is expected to come out soon.
China Securities Journal has cited anonymous source saying that the NEV Plan is expected to be submitted to the State Council for review and probably will be released before March 2012.