Author: Lei Kang/CnEVPost

Lucid prepares for China entry, hires ex-NIO, Ford exec Zhu Jiang

Zhu Jiang, a former executive at , Ford and Auto, has joined Lucid to head up its China operations, and he said Lucid is starting to prepare for its entry into the country.

(Image credit: Lucid Motors)

US electric vehicle (EV) startup Lucid Motors (NASDAQ: LCID) has hired an auto industry veteran in China, as it began hiring for a slew of positions late last year.

Zhu Jiang, who previously served in executive roles at NIO (NYSE: NIO), Ford (NYSE: F) and Jidu Auto, the car-making arm of Baidu (NASDAQ: BIDU), has joined Lucid to head up its China operations, local media outlet Jiemian reported on June 7.

Lucid is just starting to prepare for its entry into the Chinese market, Zhu told the outlet.

Since April, Zhu has been sharing information about Lucid in the status of his personal WeChat account, according to the report.

Lucid said on May 31 that it was raising about $3 billion through a new stock offering, most of which came from Saudi Arabia's Public Investment Fund (PIF), which controls it.

The financing is aimed at allowing Lucid to accelerate bringing state-of-the-art EV technology and product experiences to users across the industry and around the world, and China is looking forward to it, Zhu said recently, according to Jiemian.

Zhu is a Chinese automotive industry veteran who joined BMW Brilliance in 2003 to head marketing activities and served as Mini brand director from November 2008 to 2012.

He left BMW to join Lexus in 2013 and helped the automaker achieve its first 100,000-vehicle annual sales in China in 2016.

Zhu joined NIO in 2017 as vice president of user development.

He left NIO in the first half of 2020 and joined Ford China on June 1, 2020, as chief operating officer of the EV business unit.

During his time at Ford, he led the team through the production and launch of Ford's first all-electric vehicle, the Mustang Mach-E, in China.

In November 2021, Zhu joined Jidu as vice president and head of user development and operations. Jidu was officially launched on March 2, 2021 and the first model has been unveiled but has not yet hit the market.

Lucid was co-founded in 2007 by Bernard Tse, former vice president and director of , and Sam Weng, a former Oracle executive. In December 2016, Lucid's first production car, the Lucid Air, was launched.

Lucid is targeting the high-end luxury EV market, with the Lucid Air starting at a current price of $87,400.

In July 2021, Lucid went public on NASDAQ through a merger with a special purpose acquisition company (SPAC) and currently has a market cap of $14.5 billion.

In November 2021, Lucid said in its first earnings report after listing that it planned to enter the Chinese market in 2023.

The company's CEO, Peter Rawlinson, said in a CNBC interview at the time that Lucid will build a factory in China by "mid-decade".

In December 2022, Lucid's website opened up 14 jobs in China, all of them in Shanghai, in areas including hardware engineering, supply chain, retail, logistics, digital, and legal.

Three of the 14 jobs were related to localization, implying that Lucid was launching preparations to enter China at that time.

US EV startup Lucid hiring for 14 jobs in China

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Li Auto Beijing plant expected to start production in Aug, report says

's Beijing plant is expected to see its first vehicle roll off the line by September, a local media report said in March.  |  Li Auto US | Li Auto HK

(Image credit: CnEVPost)

Li Auto's (NASDAQ: LI) Beijing plant, which is expected to be used first to produce its first all-electric model, doesn't appear to be far from the start of production.

Li Auto's plant in Beijing's Shunyi district is expected to be ready for production in August, and the company's first all-electric model, internally codenamed W01, will be built there, local media outlet Meiren Auto reported today.

The extended-range electric vehicle (EREV) maker is conducting mass hiring for the plant, though many candidates will need to start work in August after the plant's production lines are installed, according to the report.

The plant currently has more than 50 people on the shop floor, including more than 20 welders and 30 final assembly workers, the report said, citing a person already on board.

Li Auto, when asked about the plant, did not deny the report, saying the company is indeed actively preparing for the plant, according to the National Business Daily report.

The plant was originally Hyundai's first factory in China, but production had been halted since April 2019.

Li Auto began building its own facility based on the plant in October 2021, with a total area of 270,000 square meters for conversion and expansion and a total project investment of more than 6 billion yuan ($843 million), with production scheduled to begin in late 2023, according to a government announcement at the time.

Upon reaching production, the plant will achieve an annual capacity of 100,000 units of pure-play electric vehicles, the Shunyi district government said in the announcement at the time.

On March 15, an article posted on a WeChat account owned by local media outlet Beijing Daily said the Li Auto Beijing plant is expected to see its first vehicle roll off the line by September this year.

The Beijing plant is used to produce all-electric models with a design capacity of 100,000 units per year, Li Auto management said in a call with analysts following the company's first-quarter earnings announcement on May 10, adding that the company will optimize its production lines and production efforts in the future in response to more model launches and demand.

Li Auto's plant in Changzhou, Jiangsu province, has two production lines, one of which is used to produce the Li L9 and Li L8, with a capacity of 20,000 to 25,000 vehicles per month in double-shift production, its management said during the call.

The other line, which produces the Li L7 and Li L8, is currently a single-shift line with a capacity of 10,000 to 12,000 per month. Further capacity can be ramped up later, depending on the demand for deliveries, the company said.

Li Auto delivered 28,277 vehicles in May, up 145.97 percent year-on-year and up 10.11 percent from April, the third consecutive month to exceed the 20,000-unit mark.

($1 = RMB 7.1183)

Li Auto delivers record 28,277 vehicles in May, surpassing RMB 10 billion in monthly revenue for 1st time

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China NEV retail up 6% MoM to 557,000 in May, preliminary CPCA data show

The preliminary figure was below the CPCA's previous estimate of around 580,000 units, suggesting that the market performed below expectations in the last week of May.

China NEV retail up 6% MoM to 557,000 in May, preliminary CPCA data show-CnEVPost

The China Passenger Car Association (CPCA) today released preliminary figures for May retail sales of new energy vehicles (NEVs) that were lower than previous estimates, suggesting that the market performed below expectations in the final week of May.

Retail sales of new energy passenger vehicles in China increased 55 percent in May to 557,000 units, up 6 percent from April, according to preliminary figures released today by the CPCA.

On May 23, the CPCA estimated in a report that China's estimated retail sales of new energy passenger vehicles in May would be around 580,000 units.

From January to May, retail sales of new energy passenger vehicles in China were 2.4 million units, up 40 percent year-on-year, the CPCA said today.

Wholesale sales of new energy passenger vehicles in China rose 59 percent to 671,000 units in May, up 11 percent from the previous month.

From January to May, wholesale sales of new energy passenger vehicles in China were 2.779 million units, up 47 percent year-on-year.

Retail sales of all passenger vehicles in China were 1.759 million units in May, up 30 percent year-on-year and up 8 percent from April, according to the CPCA.

This means that the penetration of new energy passenger vehicles at retail in May was 31.66 percent, down from 32.3 percent in April.

Retail sales of all passenger vehicles in China from January to May were 7.654 million units, up 4 percent year-on-year.

Wholesale sales of passenger vehicles in China were 2.015 million units in May, up 27 percent year-on-year and up 13 percent from April.

From January to May, wholesale sales of passenger cars in China were 8.857 million units, an increase of 11 percent year-on-year.

With the price war gradually receding, dealers are stabilizing their mindset and consumers are returning to rational consumption, easing the wait-and-see mood, the CPCA said.

The following is the CPCA's weekly retail sales data of the Chinese passenger vehicle market in May announced today:

In the first week of May, from May 1-7, the average daily retail sales of passenger cars were 54,000 units, up 67 percent year-on-year and up 46 percent over the same period in April.

In the second week of May, from May 8-14, the average daily retail sales of passenger cars were 48,000 units, up 44 percent year-on-year and up 6 percent from the same period in April.

In the third week of May, from May 15-21, the average daily retail sales of passenger cars were 48,000 units, up 15 percent year-on-year but down 12 percent from the same period in April.

In the fourth week of May, from May 22-28, the average daily retail sales of passenger cars were 50,000 units, down 17 percent year-on-year and 33 percent lower than the same period in April.

In the fifth week of May, May 29-31, the average daily retail sales of passenger cars were 122,000 units, up 94 percent year-on-year and up 57 percent from the same period in April.

Data table: China auto sales in May 1-31

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GAC-backed Greater Bay unveils Phoenix battery that claims to be able to charge from 0 to 80% in 6 minutes

The Phoenix battery will be in mass production next year and is expected to be used in production vehicles by the end of next year, Greater Bay said.

GAC-backed Greater Bay unveils Phoenix battery that claims to be able to charge from 0 to 80% in 6 minutes-CnEVPost

(Image credit: Greater Bay Technology)

Many Chinese companies have announced breakthroughs in battery technology this year, with GAC Group-backed Greater Bay Technology as the latest.

Greater Bay unveiled the Phoenix battery, which claims to be able to charge from zero to nearly full in less than 10 minutes, at a battery technology launch event on June 6.

The Phoenix battery integrates Greater Bay's latest innovations in materials, electrochemistry, structure, and controls to give electric vehicles the ability to run as usual in all-weather conditions, it said.

Phoenix battery-equipped electric vehicles can be charged at up to 8C at different voltage platforms from 300 volts to 1000 volts, with 0-80 percent charging in 6 minutes, it said.

GAC-backed Greater Bay unveils Phoenix battery that claims to be able to charge from 0 to 80% in 6 minutes-CnEVPost

In the battery world, C refers to the charging multiplier, and 8C means the battery can theoretically be fully charged in one-eighth of an hour -- 7.5 minutes.

At the same time, Phoenix batteries offer leading-edge advantages in safety, cycle life, range and cost to compete with fuel-powered vehicles, Greater Bay said, according to a WeChat article it posted today.

Greater Bay said its technology gives the battery 18 times more heat exchange area compared to conventional solutions, and allows the pack temperature to rise from -20°C to +25°C in five minutes even in winter.

GAC-backed Greater Bay unveils Phoenix battery that claims to be able to charge from 0 to 80% in 6 minutes-CnEVPost

Phoenix battery uses a new structural design, not only the thermal management of the battery sees great improvements, volume utilization can be as high as 75 percent, it claimed.

With extremely fast charging, the Phoenix battery also has an ultra-long life, with a cycle life of 10 years or 800,000 kilometers, the company said.

The battery system's highly integrated design allows for an energy density of 260 Wh/kg and a range of 1,000 kilometers on a single charge, it said.

GAC-backed Greater Bay unveils Phoenix battery that claims to be able to charge from 0 to 80% in 6 minutes-CnEVPost

Phoenix batteries will be in mass production next year and are expected to be used in production vehicles by the end of next year, according to the company.

Greater Bay, founded in September 2020, is a battery maker incubated by GAC, according to its website.

The company is building cell and pack production capacity, with a pack plant in Nansha, Guangzhou, already in operation.

Greater Bay plans to build a production base of about 500 mu (33 hectares) in Guangzhou, with the first phase of construction expected to be completed in 2023 and a capacity of 8 GWh, which could supply batteries for 120,000 vehicles, the information on its website reads.

Gotion unveils new battery based on LMFP chemistry with range up to 1,000 km

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Svolt Energy plans to build battery plant in Thailand, report says

Svolt Energy is planning to invest $30 million to build a battery module pack plant in Thailand, according to local media.

(Image credit: Svolt Energy)

Svolt Energy, a battery maker that spun off from Great Wall Motor, is said to be planning to build a battery factory in Thailand as manufacturers in China's new energy vehicle industry chain target Southeast Asian markets.

Svolt Energy is planning to invest $30 million to build a battery module pack plant in Thailand, local media Cailian reported today, citing sources familiar with the matter.

Svolt Energy has incorporated a wholly owned subsidiary, Svolt Energy Technology (Thailand) Co Ltd, in Thailand and is currently planning the construction of the new plant, the report said, without providing further details.

Svolt Energy was originally the power battery division of Great Wall Motor, which began research and development of batteries in 2012.

It became independent from Great Wall Motor in February 2018 to work on next-generation battery materials, cells, modules, PACKs, BMS, and energy storage technologies.

The battery maker currently has 11 production sites in China and one overseas production site in Heusweiler, Saarland, Germany, according to its website.

On September 9, 2022, Svolt Energy said it will build a cell factory for the European market in Lauchhammer, Brandenburg, Germany, which will be its second factory overseas.

Svolt Energy plans to produce the cells at its Lauchhammer facility and process them into packs at its Heusweiler facility, the company said at the time.

In 2019, Svolt Energy said it was aiming to build 120 GWh of power battery capacity globally by 2025.

It made several subsequent increases to that target and raised it to 600 GWh in December 2021.

In April, Svolt Energy installed 0.42 GWh of power batteries in China, ranking 8th with a 1.66 percent share, according to the China Automotive Battery Innovation Alliance (CABIA).

and had 10.26 GWh and 7.32 GWh of batteries installed in April, ranking first and second with 40.83 percent and 29.11 percent shares respectively.

Svolt Energy's Dragon Armor Battery makes real-life debut at Shanghai auto show

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BYD sees cumulative sales of Han and Tang family models exceed 1 million

Cumulative sales of Han family models reached 505,062 units and Tang family reached 501,662 units.

(Image credit: )

BYD's (OTCMKTS: BYDDY) two flagship models have both sold more than 500,000 units since their launch, putting combined sales over the 1 million mark.

Cumulative sales of BYD's flagship Han family of sedan models reached 505,062 units and cumulative sales of its flagship Tang family of SUVs reached 501,662 units, bringing total sales of the two models to more than 1 million units, the new energy vehicle (NEV) maker announced today.

The BYD brand's product array includes the Dynasty and Ocean series, with the Han and Tang being models in the Dynasty lineup, which includes both plug-in hybrid and pure electric versions.

The company launched the first-generation Han model in July 2020 and they see cumulative sales of more than 100,000 units in July 2021, according to data monitored by CnEVPost.

On March 16, BYD made the 2023 Han EV available, and on May 18, the hybrid Han DM-i and Han DM-p variants were launched.

BYD sold 240,220 NEVs in May, with Han family models contributing 20,387 units, down 14.82 percent year-on-year but up 42.28 percent from April.

From January to May, the Han family of models sold 71,784 units, up 63.72 percent year-on-year.

The BYD Tang originally debuted at the 2014 Beijing auto show and began production in 2015.

The Tang family of models sold 11,871 units in May, up 40.50 percent year-on-year and up 0.95 percent from April.

From January to May, Tang sold 56,682 units, an increase of 18.85 percent year-on-year.

BYD made the 2023 Tang DM-i available on March 16.

Both BYD Han and Tang family models target the mainstream market in the price range of RMB 200,000 ($28,090) - 300,000.

($1 = RMB 7.1197)

BYD NEV sales in May: 240,220

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Neta shipping new batch of 4,000 EVs to overseas markets

is actively preparing for entry into the European market and will release a heavyweight global model, it said.

(Image credit: Neta)

Neta Auto, the electric vehicle (EV) brand of Hozon Auto, is sending a new shipment of thousands of EVs to overseas markets for the second time in three months.

A total of 4,000 Neta EVs are being sent abroad, the latest new batch after 3,600 vehicles were sent to overseas markets in March, the company said yesterday in a WeChat post.

Neta did not mention which countries the vehicles will be sent to, although it's possible they will still be in Southeast Asia. A total of 3,600 of the compact SUV Neta V vehicles were sent to Thailand on March 21.

Thailand is Neta's home base for expanding into the ASEAN market, and the Neta V is trusted and loved by local consumers, Neta said yesterday.

From January to April, Neta V ranked second in Thailand with a 16.5 percent share of all-electric vehicle license plate registrations, Neta said, citing data from Thai website AutoLife.

Neta is now actively preparing for its entry into the European market and will participate in the Munich auto show in Germany later this year, and the Neta GT sports car will be launched in overseas markets in the near future, it said.

Neta will also release a heavyweight global model that will accelerate bringing high-quality electric smart cars within reach, it said, without giving further details.

Neta has been seen as a budget EV maker since its inception in October 2014, as its vehicles are priced primarily to target the lower end of the market. The company is trying to create a higher-end image with its flagship sedan, the Neta S, and its sports car, the Neta GT.

As the EV market in China becomes more competitive, local car companies including Neta and (NYSE: NIO) are starting to make more efforts to expand overseas.

Unlike NIO, which is targeting the more developed European market, Neta is focusing its initial efforts on overseas expansion in Southeast Asia.

On August 24, 2022, the right-hand drive version of the Neta V was launched in Thailand as its first model to be offered there.

On March 10, 2023 Neta laid the foundation stone for its factory in Bangkok, Thailand, which will be its main manufacturing base for building right-hand drive electric vehicles for export to ASEAN.

On May 11, Neta announced its entry into Malaysia, officially launching the right-hand drive version of the Neta V for local consumers at the largest auto show in the region.

Neta delivered 13,029 units in May, up 18.35 percent from 13,029 units in the same month last year and up 17.59 percent from 11,080 units in April, according to data released by the company on June 1.

From January to May this year, Neta delivered 50,285 vehicles, up 0.62 percent from 49,974 in the same period last year, data monitored by CnEVPost showed.

Neta deliveries up 18% MoM in May, denies HK IPO plan

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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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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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Great Wall Motor sells record 23,755 NEVs in May, up 60% from Apr

The Lanshan DHT-PHEV, which competes with 's Li L8, sold 5,136 units in its first full month of sales, and its production capacity is climbing, Great Wall Motor said.

Great Wall Motor's new energy vehicle (NEV) sales saw significant growth last month as the auto giant ramps up its efforts to make the transition to electrification.

Great Wall Motor sold a record 23,755 NEVs in May, up 104.13 percent from a year earlier and up 59.83 percent from 14,863 units in April, data released yesterday showed.

Including conventional fuel vehicles, Great Wall Motor's total sales in May were 101,020 units, up 26.18 percent year-on-year and up 8.49 percent from 93,107 units in April.

This means that NEVs contributed 23.5 percent of Great Wall Motor's sales in May.

From January to May, Great Wall Motor's NEV sales were 66,426 units, up 30.48 percent year-on-year, contributing 16 percent of all vehicle sales of 414,095 units.

Although Great Wall Motor saw significant growth in NEV sales, it still lags far behind (OTCMKTS: BYDDY) in the segment.

BYD sold 240,220 NEVs in May, up 108.99 percent year-on-year and up 14.23 percent from April.

BYD ceased production and sales of vehicles powered entirely by internal combustion engines in March 2022, shifting its focus to plug-in hybrids and pure electric vehicles.

On May 25, Great Wall Motor accused two BYD hybrid models of failing to meet pollutant emissions standards.

Great Wall Motor's battery electric vehicle-focused brand, , sold 10,616 units in May, up 19.27 percent from 8,901 units in April.

Its premium Wey brand sold 5,770 units in May, up 128.97 percent year-on-year and up 142.95 percent from April.

The Wey brand launched the six-seat Lanshan DHT-PHEV on April 13 with a starting price of RMB 273,800 to compete with Li Auto's Li L8. Deliveries of the model began on April 25.

The Lanshan DHT-PHEV sold 5,136 units in its first full sales month, and its production capacity is currently climbing with more orders to be delivered, Great Wall Motor said yesterday.

On May 25, Great Wall Motor's Haval brand launched the Haval Xiaolong and Haval Xiaolong Max, two hybrid SUVs with a starting price of RMB 139,800.

The Haval Xiaolong and Haval Xiaolong Max sold 3,088 units in May, Great Wall Motor said.

On June 1, the Wey brand launched the Mocca DHT-PHEV, a 5-seat SUV with a starting price of RMB 231,800,000.

Great Wall Motor sold a record 25,131 units overseas in May, up 15.21 percent from April and 104.04 percent year-on-year.

Its cumulative overseas sales from January to May were 98,920 units, up 100.36 percent year-on-year.

Great Wall Motor accuses 2 BYD hybrids of failing to meet pollutant emissions standards as competition intensifies

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