China's output of new energy vehicles rises 183.5 percent

China's output of new energy vehicles rises 183.5 percent

In this Aug 18, 2021 photo, new energy vehicles are charged at the Jinmenhu New Energy Vehicle Integrated Service Center in North China's Tianjin. In the first four months of the year, industrial data showed that China's output of new energy vehicles NEV batteries increased 183.5 percent year-on-year to 129.6 GWh.

In the January-April period, the country produced 81 GWh of lithium iron phosphate batteries, a 283.1 percent increase from a year ago, according to data from China Automotive Battery Innovation Alliance.

The data shows that the output of ternary lithium batteries was 48.3 GWh, up 97.2 percent year-on-year.

A total of 64.5 GWh of batteries were installed in China's electric vehicles during the period, up 104.1 percent year-on-year.

In April alone, the output of NEV batteries was 29 GWh, down 26.1 percent from March.

Retail sales of NEVs in China increased by 78.4 percent year on year to 282,000 units last month despite COVID 19 resurgences, according to the China Passenger Car Association.