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China's EV plants expected to run at 80% of capacity in 2019-20
Automotive News China | 2019/5/31

Electrified vehicle makers in China will utilize 80 percent of their annual production capacity, on average, in 2019 and 2020, according to the China Association of Automobile Manufacturers. 

Annual capacity of electrified vehicles in China will hit 2 million in 2019 while annual sales of such vehicles will range between 1.6 million and 1.7 million, the industry group predicted this week. 

Next year, EV production capacity will reach 2.5 million while annual sales will exceed 2 million, according to CAAM¡¯s forecast.

A large number of EV startups have emerged across China in the past few years but most of them won¡¯t start mass production for another three years or later, CAAM noted.

In 2018, nearly every EV produced was sold, according to the industry association¡¯s data.

Last year, electrified vehicle output in China jumped 43 percent to approach 1.27 million cars and light trucks. During the year, sales of such vehicles across the country surged 62 percent to roughly 1.26 million. 

Roughly 78 percent of the electrified vehicles produced last year were full electric vehicles while the rest were plug-in hybrids. 

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