Resumen de Chinese EV sales rise in February
Electric vehicle sales increase in China; Overall automobile transactions fall; New Year holiday affects output New electric vehicle (EV) sales in China bucked overall lower automobile transactions to jump month-on-month (m-o-m) in February, according to data from the Ministry of Industry and Information Technology (MIIT), released in March.
EV sales more than doubled to 14,000 units in February, compared with 5,700 units in January, MIIT data showed.
EV production in February also soared to 15,000 units, more than double January's 6,900 units.
As a result of the two-week Chinese New Year holiday in early February, the overall automobile output fell by nearly 9% m-o-m to 2.16m units, while sales declined 23% m-o-m to 1.94m units.
As a result of favourable government policy to promote EVs in China, EV sales - a key driver in lithium-ion battery minerals prices - are widely expected to increase during 2017.
This article from the April issue of Industrial Minerals' magazine was first published online on 16 March 2017.
