App

China's NEV storage battery sector sees output plunge in May
Updated: June 15, 2020 08:34 Xinhua

BEIJING — China's output of storage batteries to power new energy vehicles (NEV) plunged by 47.7 percent year-on-year in May, industry data showed.

The output stood at 5.2 gigawatt-hours last month, and the sector's total output in the first five months of the year plummeted 50.9 percent to 18.2 gigawatt-hours, according to the China Automotive Battery Innovation Alliance.

In May, the installed capacity of the batteries came in at 3.5 gigawatt-hours, dropping 2.3 percent month-on-month and declined 38.3 percent from the same period last year, showed the data.

A total of 42 storage battery companies in the NEV market reported their batteries installed last month, one company more than April.

Sales of NEVs came in at 289,000 in the first five months, down 38.7 percent year-on-year, according to the China Association of Automobile Manufacturers.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218