In 2017, China's new energy vehicle (NEV) industry experienced a strong rebound after a period of subsidy cuts and market uncertainty. Despite the challenges, the sector showed resilience and growth, driven by increased demand, improved technology, and supportive policies. The year marked a significant milestone for the industry, with record-breaking battery installations and a surge in production.
The total installed capacity of power batteries for new energy vehicles reached 37.06 GWh in 2017, setting a new high. This figure reflected a consistent upward trend throughout the year, with a notable spike in December when the monthly capacity hit 12.15 GWh—a 72% increase compared to the previous month. This peak demonstrated the growing momentum of the NEV market, especially as consumers became more familiar with and confident in electric vehicles.
In December alone, the output of new energy vehicles totaled 214,854 units, with passenger cars making up the largest share at 116,118 units (54%). Commercial vehicles accounted for 40,154 units (19%), while special-purpose vehicles represented 58,582 units (27%). This breakdown highlights the diverse applications of new energy vehicles across different sectors, from personal use to logistics and public transportation.
Looking at the full year, the installed capacity of power batteries for new energy vehicles showed a steady rise, with only a brief dip in October before resuming its upward trajectory. The overall growth was impressive, with an average quarterly increase of 53%. For passenger cars, the growth was even more pronounced, with an average quarterly increase of 201%, and December’s capacity not only surpassed the combined totals from January to October but also exceeded November’s figures.
New energy buses also saw strong performance, with a total installed capacity of 14.5 GWh, accounting for 39% of the total. December’s capacity for buses reached 5.9 GWh, a 184% increase from the previous month. This rapid growth was fueled by government initiatives and the expansion of electric public transport systems.
Special-purpose vehicles, including logistics and commercial vehicles, contributed 8.5 GWh to the total installed capacity, representing 23% of the market. December’s installation for this category rose by 75% compared to the previous month, driven by the increasing adoption of electric logistics vehicles.
The dominance of certain power battery manufacturers was evident in 2017. CATL (Ningde Era) led the market with an installed capacity of 10.57 GWh, capturing 29% of the total. BYD followed closely with 5.66 GWh, while other key players like Wanxiang Aohan and Gotion also played important roles. Together, the top 10 battery manufacturers accounted for 71% of the total installed capacity, reflecting a highly concentrated industry.
Notably, Jiangsu Zhihang made a breakthrough, entering the top ten for the first time and emerging as a promising player in the market. This development highlighted the dynamic nature of the industry and the potential for new entrants to gain traction.
Overall, 2017 was a transformative year for China's new energy automotive and power battery sectors. With continued policy support and innovation, the industry achieved remarkable growth and gained greater recognition among consumers. As the subsidy phase-out continued into 2018, the sector faced new challenges, but it also presented opportunities for further expansion and development.
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