China Electric Vehicle Industry Trend and Market Forecast(2009~2020) …

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FAW electric vehicles

China Electric Vehicle Trend and Market Forecast(2009

Contents

China has established as the world’s largest automobile and consumer. The country, for instance, 18,420,000 vehicles and sold vehicles in 2011. Now, is taking an ambitious step to be a leader in the next-generation electric car as well.

Although China is behind to other foreign in terms of technological competence in the EV and key industries, it is endeavoring to increase its promoting early commercialization trial and error. For this, has designated new energy vehicles PHEV, FCEV) as one of its seven new industries. With aggressive backing for the industry, China is to hold the central place as the producer and seller in the global EV

On July, 14, 2011, the Ministry of and Technology of China announced a titled ‘Development of New Energy Industry(2011-2020)’ where it set a goal of the cumulative sales of new energy (excluding fuel battery to about 1 million units by and 10 million units by 2020.

Battery Electric Vehicle, Plug-in Hybrid Electric FCEV: Fuel Cell Vehicle)

Although these new vehicles are available at 2-3 times prices than those of ICE car models, they can run only 150km (based on pure on one charge. Thus, the new energy industry involves enormous and requires large-scale charging across China. Furthermore, problems are coupled with the progress in the development of batteries, are one of key components for EVs. As a result, sales of new energy vehicles and cars remained as low as 8,159 in 2011, despite the unwavering support.

Among them, xEVs for an extremely small portion 0.04 of the total automobile

To establish a more substantial and measure, the Chinese government its original plan, putting ‘Energy-saving and New Energy Automobile Development Plan (2012-2020)’ it has downgraded the cumulative sales of new vehicles (excluding fuel cars) to 0.5 million units by and 5 million units by 2020. only 3,444 BEVs, and 81 have been sold in the half of 2012.

Although the Chinese government is the EV industry, concentrating on new energy (BEVs, and PHEVs), its 2012 does not seem attainable. to SNE Research, the xEV market will toward the energy-saving vehicle market, not new energy vehicles and PHEVs).

*HEV: Hybrid Electric

SNE Research expects China’s EV sales will reach vehicles in 2020; as for the sales of by type, BEVs will for 620,000 units, PHEVs units, and HEVs 3030000 It is forecasted that the xEV market in will shift toward the HEV rather than energy (BEVs and PHEVs) with BEV for 15.2% in market share, 10.1%, and HEVs 74.7%. The of xEV is expected to increase from in 2011 to 11.8% of the total sales in China.

This provides a comprehensive overview of the EV industry. It covers China’s policies, projects for 7 new growth regulations on fuel economy and EV development policies, EV pilot and EV development programs, and the development of the EV industry. In addition, EV market and forecast by technology type are

FAW electric vehicles

This report presents data of China’s EV industry and market, focusing on

China’s on fossil energy and renewable and for the promotion of 7 new growth industries,

on fuel economy and emissions

EV development policies,


Chinese government’s pilot for dissemination of new energy vehicles,

of development trends and supply of EV makers, key component makers,

EV forecast and EV battery price (2009

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