Monthly Archive: June 2023

China’s NEV ownership exceeds 15 million

As of June 4, China's NEV ownership had exceeded 15 million units, achieving the goal of its 14th five-year plan ahead of schedule, an academician said.

(Image credit: CnEVPost)

As of June 4, China's new energy vehicle (NEV) ownership had exceeded 15 million units, reaching the goal of the 14th five-year plan ahead of schedule, according to an academician.

Sun Fengchun, a member of the Chinese Academy of Engineering and professor at the Beijing Institute of Technology, mentioned the figure in a speech at an event hosted by bus maker Yutong on June 5.

Global sales of NEVs were around 10.82 million in 2022, up 62 percent from a year earlier, with a penetration rate of 13.9 percent, he said.

For comparison, more than 6.887 million NEVs were sold in China in 2022, up 93.4 percent year-on-year, for a penetration rate of 25.6 percent, Sun said.

As the electrification change comes, the Chinese auto industry moves ahead of the curve for the first time, he said.

By the end of 2022, China had 13.1 million NEVs, or 4.1 percent of the total 319 million vehicles in its fleet, according to data released on January 11 by the Traffic Administration Bureau of the Ministry of Public Security of China.

From January to May, wholesale sales of new energy passenger vehicles in China are expected to be 2.78 million units, up 46 percent year-on-year, the China Passenger Car Association (CPCA) said on June 5.

Passenger car sales in China are expected to be 23.5 million units in 2023, including 8.5 million NEVs, with penetration expected to reach 36 percent, the CPCA said, repeating its previous forecast.

Policy support has been a major reason for the rapid growth of China's NEV industry over the past several years.

Prior to this year, those policies included purchase subsidies, which were not renewed after expiring at the end of last year, and purchase tax exemptions, which were renewed through the end of this year.

China will extend and optimize its NEV purchase tax exemption policy and build a high-quality charging infrastructure system, as mentioned in a State Council executive meeting on June 2.

BYD sells record 240,220 NEVs in May, surpasses 1 million for the year

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BYD warms up for F brand as official launch nears

The new brand's official name could be Fangchengbao, with the first model expected to compete with the Mercedes-Benz G-Class.  |  BYDDY.US | HK

(Image credit: Fangchengbao)

BYD (OTCMKTS: BYDDY) is starting to warm up its new brand, internally codenamed F brand, with its official launch set for later this month.

BYD's professional, personalized brand coming soon, the new energy vehicle (NEV) giant said on Weibo today.

"The door to F is now open," BYD said, suggesting that the new brand is the F brand.

At the same time, a Weibo account called "Fangchengbao" (literally, Formula Leopard) was registered and verified today.

Fangchengbao may be the official name of the F brand, as the background image of its profile is similar in style to the video accompanying BYD's preview Weibo today.

(Screenshot of BYD Weibo's video.)

BYD registered the Fangchengbao trademark in August last year. Late last month, the name of Shenzhen BYD Auto R&D Co Ltd changed to Shenzhen Fangchengbao Automobile Sales Co Ltd, perhaps paving the way for the brand's launch.

BYD said at an event marking the rollout of the company's 3 millionth NEV on November 16, 2022, that in addition to the Yangwang brand, BYD will launch a highly specialized and personalized new brand in 2023.

The new brand will meet the increasingly personalized needs of consumers, and it will focus on building with users, BYD chairman and president Wang Chuanfu said at the time.

In February, local media reported that the new brand's internal code name would be F brand. BYD subsequently confirmed it.

On March 31, CnEVPost learned that the new brand is expected to officially launch its first model codenamed SF in June to target a market with prices ranging from RMB 400,000 ($56,260) to 600,000.

Xiong Tianbo, former head of BYD's sales research institute, will be the general manager of the F brand's sales division, leading the brand's product planning, channel sales and brand building, a company insider previously told CnEVPost.

CnEVPost obtained several spy photos of the SF model in March and learnt that the first model of the F brand is expected to compete with the Mercedes-Benz G-Class.

BYD expected to unveil 1st model of F brand in Jun

($1 = RMB 7.1094)

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Chinese team creates eVTOL with futuristic design

The eVTOL can take off and land on the water and is currently used mainly for sightseeing tours and performances.

(Image credit: Shenzhen News)

In the field of electric vertical take-off and landing (eVTOL) vehicles, we see a variety of novel designs, and a new product built by a Chinese team offers a new one.

On June 3, a low-altitude economy investment promotion event was held in the southern Chinese city of Shenzhen, where a local company demonstrated an eVTOL with a flying saucer shape, according to a June 4 report in the local Shenzhen News.

The eVTOL can take off and land on the water and is currently used mainly for sightseeing tours and performances.

The core research and development team from Beihang University and Northwestern Polytechnical University has been working on the vehicle for more than three years, according to the report.

The eVTOL is equipped with 12 propellers and can fly for up to 15 minutes and reach an altitude of 200 meters, according to the report.

It has a maximum horizontal flight speed of up to 50 kilometers per hour and can switch between autopilot and manual pilot modes.

The report did not provide more information about the eVTOL, a video of which was shared by Nanfang Daily.

Last November, another local team unveiled a two-seat engineering prototype of a manned split flying vehicle, the world's first such product with a split design.

The flying vehicle consists of three separate modules: an autonomous vertical takeoff and landing vehicle, an intelligent control cockpit, and an autopilot chassis, capable of driving on land as well as switching between airborne flight modes.

Aeroht, a subsidiary of XPeng, wants to build manned flying vehicles based on cars, and its X2 tested a flight over the Yellow River on June 5.

(Image credit: XPeng Aeroht)

Ehang, for its part, is building an autonomous aerial vehicle (AAV) closer to a helicopter, and the company said last April that it had received a pre-order for 100 EH216s from Indonesian airline Prestige Aviation.

On July 27, 2022, Volkswagen Group China unveiled its first eVTOL manned vehicle prototype, the V.MO, which is also close to a helicopter in appearance.

Chinese team builds flying car prototype unlike any other

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Broken Record: Atmospheric Carbon Dioxide Levels Jump Again

Carbon dioxide levels measured at NOAA’s Mauna Loa Atmospheric Baseline Observatory peaked at 424 parts per million in May, continuing a steady climb further into territory not seen for millions of years, scientists from NOAA and Scripps Institution of Oceanography offsite link at the University of California San Diego announced today. Measurements of carbon dioxide […]
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