Author: Lei Kang/CnEVPost

China EV battery installations in Mar: CATL overtakes BYD in LFP market for 1st time this year

CATL's share of the LFP market in March was 39.47 percent, higher than 38.88 percent for , which was No. 1 in the LFP market in both January and February.

China's electric vehicle (EV) battery installations continued to grow last month, with CATL maintaining its lead and regaining the top spot over BYD in the lithium iron phosphate (LFP) battery market.

China's power battery installations in March were 27.8 GWh, up 29.7 percent year-on-year and up 26.7 percent from February, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

CATL's power battery installed base in March was 12.49 GWh, continuing to rank first with a 44.95 percent share, up from 43.76 percent in February.

BYD installed 7.40 GWh of power batteries in March, ranking second with a 26.65 percent share, down 7.54 percentage points from 34.19 percent in February.

CALB saw a market share gain in March, as the company installed 2.86 GWh of power batteries in the month, ranking third with a 10.28 percent share, up 2.89 percentage points from 7.39 percent in February.

Gotion High-tech ranked fourth with a 4.51 percent share of 1.25 GWh installed in March, while Eve Energy ranked fifth with a 3.86 percent share of 1.07 GWh installed.

China's ternary lithium battery installed base in March was 8.7 GWh, accounting for 31.4 percent of the total installed base, up 6.3 percent year-on-year and up 29.8 percent from January.

Lithium iron phosphate (LFP) batteries accounted for 19.0 GWh or 68.5 percent of the total installed base, up 44.4 percent year-on-year and up 25.3 percent from January.

In the ternary Li-ion battery market, CATL ranked first with 56.99 percent of the total installed base of 4.97 GWh in March.

CALB and LG Energy Solution ranked second and third in the ternary battery market with 16.82 percent and 6.52 percent shares, respectively.

In the LFP battery market, CATL topped the list with 39.47 percent of the installed base of 7.51 GWh in March, the first time it overtook BYD in this market this year.

BYD was second in the LFP market with 7.40 GWh installed in March, with a share of 38.88 percent. In both January and February, BYD ranked first in this market, with shares of 51.52 percent and 49.37 percent, respectively.

CALB and Gotion High-tech ranked third and fourth in the LFP battery market with 7.29 percent and 6.20 percent shares, respectively.

Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%

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China’s NEV sales up 24% MoM to 653,000 in Mar, CAAM data show

The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations.

China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show-CnEVPost

China's new energy vehicle (NEV) sales in March were 653,000 units, up 34.8 percent year-on-year and up 24.4 percent from February, according to data released today by the China Association of Automobile Manufacturers (CAAM).

The CAAM released data on wholesale sales by automakers, where NEVs include battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs) and fuel cell vehicles.

China saw BEV sales of 490,000 units in March, up 23.8 percent year-on-year. PHEV sales were 163,000 units, up 84.3 percent year-on-year. Sales of fuel cell vehicles were 50 units, up 27 percent year-on-year.

China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show-CnEVPost

Sales of all vehicles in China were 2.451 million units in March, up 9.7 percent year-on-year and up 24 percent from February.

China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show-CnEVPost

This means that China's NEVs had a penetration rate of 26.6 percent in March, the same as in February.

China's NEV sales up 24% MoM to 653,000 in Mar, CAAM data show-CnEVPost

Production of NEVs in China was 674,000 units in March, up 44.8 percent year-on-year and up 22.1 percent from February.

Production of all vehicles in China was 2,584,000 units in March, up 15.3 percent year-on-year and 27.2 percent from February.

With purchase tax incentives for internal combustion engine vehicles and purchase subsidies for NEVs both expiring at the end of last year, coupled with price cuts since the beginning of the year, China's auto industry faced significant pressure in the first quarter, the CAAM said.

The CAAM proposes that China's central and local governments continue to introduce policies to promote auto consumption, given the current weak market expectations.

In March, exports of vehicles from China were 364,000 units, up 110 percent from a year earlier and up 10.6 percent from February.

Among them, the export volume of NEVs was 78,000 units, up 390 percent year-on-year but down 10.3 percent from February.

In January-March, China's vehicle sales were 6.076 million units, down 6.7 percent from a year earlier, according to the CAAM.

NEVs sold 1.586 million units in January-March, up 26.2 percent year-on-year, with a market share of 26.1 percent.

China's Mar passenger NEV retail up 23.6% MoM to 543,000, CPCA data show

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NIO to launch new ET7 at Shanghai auto show besides new ES6

 This is the first time has mentioned the existence of the new ET7, after rumors began to emerge last month.  |  NIO US | NIO HK | NIO SG

(A NIO ET7 on display at the 2021 Shanghai auto show. Image credit: CnEVPost)

NIO (NYSE: NIO) will launch the new ET7 at the Shanghai auto show next week, in addition to the launch of the new ES6.

"At Auto Shanghai 2023, we are bringing the NIO House to the show floor once again," the electric vehicle (EV) maker announced today.

The full range of NIO models equipped with the Banyan intelligent system will be presented, the new ES6 will debut and the 2023 ET7 will be officially launched, NIO said.

Banyan is the software architecture for NIO's NT 2.0 platform-based models, and the company's NT 1.0 platform-based models use a software architecture called Aspen.

The upcoming biennial Shanghai auto show will be held from April 18-27, with press days from April 18-19, professional visitor days from April 20-21, and general public admission from April 22-27.

The show will be held at the National Exhibition and Convention Center in Shanghai, and NIO's booth is located in Hall 6.1, Stand 6A01.

The N-Box augmented entertainment console and AR glasses developed by NIO will be equipped on the EC7 for the first time for the public to experience, according to the company.

This is the first time NIO has confirmed the existence of the new ET7, after rumors began to emerge last month.

At the end of last month, some local media reported that the current NIO ET7 had been discontinued and that the facelift would be optimized for exterior and interior details.

On March 28, an image circulating on social media Xiaohongshu showed that the 2023 ET7 will have a new gold exterior option and will be available with a tow hook option.

Inside, the improved ET7 will have several details optimized, including the seats, wireless charging panel power, and low-speed beep, according to the information in the image.

The NIO ET7 was launched at the NIO Day 2020 event on January 9, 2021, the company's first sedan, with deliveries beginning on March 28, 2022.

Deliveries of the ET7 remained around 3,000 units per month for the vast majority of the second half of last year, but the figures slipped to 1,379 units in December.

Regarding the new ES6, NIO mentioned on April 1 that the model will be unveiled at the Shanghai auto show.

Notably, like the ES7, which is known as the EL7 in Europe, the new ES6 will also be known as the new EL6 in international markets, according to a previous NIO press release.

NIO's new ES6 to debut at Shanghai auto show later this month

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China’s Mar passenger NEV retail up 23.6% MoM to 543,000, CPCA data show

In retail, China's NEV penetration rate was 34.2 percent in March, up 6 percentage points from 28.2 percent in March 2022 and up from 31.6 percent in February.

Retail sales of new energy passenger vehicles (passenger NEVs) in China were 543,000 units in March, up 21.9 percent year-on-year and up 23.6 percent from February, according to data released by the China Passenger Car Association (CPCA) on April 10.

This is lower than the CPCA's preliminary figure of 549,000 units released on April 6, and lower than the 560,000 units it estimated in its March 25 report.

Battery electric vehicles (BEVs) continued to dominate, with 383,000 retail sales in March, accounting for 70.5 percent of all NEV retail sales. This represents a 6.4 percent year-on-year increase and a 30.1 percent increase from February.

Plug-in hybrid vehicles (PHEVs) accounted for 160,000 retail sales in March, contributing 29.5 percent of NEV retail sales, up 87.6 percent year-on-year and up 10.4 percent from February.

Retail sales of all passenger vehicles in China were 1,587,000 units in March, up 0.3 percent year-on-year and up 14.3 percent from February, according to the CPCA.

In terms of retail sales, China's NEV penetration rate was 34.2 percent in March, up 6 percentage points from 28.2 percent in March 2022 and up from 31.6 percent in February.

The penetration rate of NEVs was 54.7 percent for local brands, 33.6 percent for luxury brands and 4.2 percent for mainstream joint venture brands.

Wholesale sales of new energy passenger vehicles in China were 617,000 units in March, up 35.2 percent year-on-year and up 24.5 percent from February.

This represents a 31 percent penetration of NEVs at wholesale in March, up 6 percentage points from the 25.1 percent penetration in March 2022 and up from 30.6 percent in February.

Chinese domestic brands saw a NEV penetration of 46.4 percent at wholesale in March, compared to 36 percent for luxury brands and 3.7 percent for mainstream joint venture brands.

China exported 70,000 passenger NEVs in March, with BEVs accounting for 94.3 percent of the total.

SAIC passenger car unit exported 23,654 units, BYD 13,312 units and China 12,206 units in March.

The recent drop in the price of lithium carbonate has helped manufacturers launch more cost-effective NEV models, the CPCA said.

But at the same time, the recent price cuts by some NEV companies may trigger a wait-and-see mood among consumers, the CPCA said.

Tesla delivers 76,663 vehicles in China in Mar, exports 12,206 from Shanghai plant

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Tesla delivers 76,663 vehicles in China in Mar, exports 12,206 from Shanghai plant

Tesla's share of the NEV market in China was 14.12 percent in March and 20.02 percent in the BEV market.  |  TSLA.US

Tesla (NASDAQ: TSLA) delivered a near-record high number of vehicles in China in March, with its Shanghai plant producing vehicles in the second half of each quarter primarily for local deliveries.

Tesla China exported 12,206 vehicles in March, according to data released today by the China Passenger Car Association (CPCA).

That means Tesla delivered 76,663 vehicles in China in March, considering the CPCA released data on April 4 showing that the EV maker sold 88,869 China-made vehicles in March.

Tesla has a factory in Shanghai that produces the Model 3 and Model Y. The factory exported 69.85 percent fewer vehicles in March than the 40,479 units in February, up from 60 units a year earlier.

Last March, Tesla's Shanghai plant saw a big drop in exports due to a Covid lockdown. The plant did not export any vehicles in April last year.

Including exports, the China-made Model 3 sold 27,202 units in March and the Model Y 61,667 units, the CPCA data released today showed. Breakdown figures for both models' sales in China are expected to be available in the coming days.

In March, retail sales of new energy vehicles (NEVs) in China were 543,000 units, up 21.9 percent year-on-year and up 23.6 percent from February, according to the CPCA.

Retail sales of battery electric vehicles (BEVs) in China were 383,000 units in March, up 6.38 percent year-on-year and up 30.04 percent from February.

This means that Tesla's share of the NEV market in China was 14.12 percent in March, up from 7.73 percent in February. It had a 20.02 percent share of the BEV market in China in March, up from 11.5 percent in February.

BYD's retail sales in March were 192,000 units, with a market share of 35.36 percent, according to the CPCA.

BYD's BEV sales figures for March are not yet available; the company previously reported BEV wholesale sales of 102,670 units, contributing 49.58 percent of its NEV sales.

Tesla to build new Megafactory in Shanghai to produce Megapack energy storage system

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Wait times for both NIO ES7 and ET5 shortened to about 2 weeks

Both the ES7 SUV and ET5 sedan now have expected delivery dates of about 2 weeks, compared to about 3 weeks for both previously.

NIO's (NYSE: NIO) two key models have further shortened their wait times in China, after a similar change at the end of last month.

Both the NIO ES7 SUV and ET5 sedan now have expected delivery dates of about 2 weeks, compared to about 3 weeks for both previously, information from the NIO App monitored by CnEVPost shows.

On March 28, the wait time for the ES7 changed from 4-6 weeks to about 3 weeks, and the ET5 changed from 3-4 weeks to about 3 weeks at that time.

The NIO App is currently showing 8 models, including the ES8, ES6, and EC6 based on the NT 1.0 platform, and the new ES8, ES7, EC7, ET7, and ET5 based on the NT 2.0 platform.

The EC7 and the new ES8 were unveiled at NIO Day 2022 on December 24, 2022, and deliveries will begin in May and June of this year, respectively.

The waiting time information for all other models is unchanged today.

The NIO App stopped displaying the expected delivery time for the ET7 on March 13, and that information is still not displayed.

On March 28, local media reported that the current NIO ET7 has been discontinued and its facelift may be unveiled during the Shanghai auto show.

NIO delivered 10,378 vehicles in March, up 3.94 percent from 9,985 in the same month last year, but down 14.6 percent from 12,157 in February, according to figures it announced earlier this month.

Cumulative deliveries of NIO vehicles reached 320,597 units as of March 31.

NIO ES7 and ET5 wait times become shorter

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BYD Yangwang U9 supercar to make real-life debut at Shanghai auto show

Yangwang today shared three images of the U9 electric supercar and said the model will be on display at the Shanghai auto show starting April 18.  |  BYDDY.US | HK

(Image credit: Yangwang)

BYD (OTCMKTS: BYDDY) officially launched its premium Yangwang brand three months ago and unveiled two models for the brand. Now, one of the models is going to be presented at the Shanghai auto show in 10 days.

Yangwang today shared three images of the U9 electric supercar on its official Weibo account and said the model will be on display at the Shanghai auto show starting April 18.

The upcoming biennial Shanghai auto show will be held from April 18-27, with the press days from April 18-19 and the professional visitors' days from April 20-21, while the general public can enter from April 22-27.

Yangwang did not release more information about the U9, but these images show a few details, including the headlights, that are slightly different from when the model was unveiled in January.

BYD officially launched the Yangwang brand on January 5 and announced the hardcore SUV U8 as well as the supercar U9.

The Yangwang U9 will be priced in the RMB 1 million ($145,400) range and can accelerate from 0 to 100 km/h in less than 3 seconds, BYD said at the time.

Yangwang's research and development team used innovative technology to bring the U9 the ultimate safety body structure, capable of driving comfortably in the city as well as driving at the limits of the track, BYD said.

The U8, the first production model from the Yangwang brand, is a hardcore off-road SUV that is more than 5 meters long and 2 meters wide.

The model is capable of accelerating from 0 to 100 km/h in four seconds and will be priced at the RMB 1 million level.

It is not clear if the U8 will also be on display at the Shanghai auto show.

(1 $= RMB 6.8757)

BYD officially launches Yangwang brand, debuts hardcore off-road SUV U8 and supercar U9

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BYD offers extended, bigger discount for Seal

Between April 7 and April 30, consumers who purchase the Seal can receive a combined discount of up to RMB 31,000.

(Image credit: CnEVPost)

(OTCMKTS: BYDDY) offered discounts on the Seal and Song Plus during a price war in the Chinese auto industry a month ago and the benefits expired at the end of March.

Now, the new energy vehicle (NEV) giant has extended the offer on Seal and stepped it up.

Between April 7 and April 30, consumers who purchase the Seal can receive a combined discount of up to RMB 31,000 ($4,510), BYD announced today on Weibo.

Consumers who purchase the model now can receive benefits including an RMB 15,000 cash discount, an RMB 6,000 trade-in subsidy, and a 2-year zero-interest loan.

The BYD website currently shows the suggested retail prices of the Seal at RMB212,800 to RMB 289,800, the same as before.

On March 9, BYD announced that consumers who order the BYD Song Plus series in March will receive a discount of RMB 6,800, or RMB 8,800 for the Seal.

This is a limited-time marketing campaign valid from March 10 to March 31, BYD said at the time.

Information on BYD's website shows that the discount on the Song Plus series has also been extended to April 30, although the amount of the discount is the same as before.

BYD sold 207,080 NEVs in March, up 97.45 percent from 104,878 units in the same month last year and up 6.93 percent from 193,655 units in February, according to previously released data.

The BYD Seal sold 6,000 units in March, a decrease of 22.62 percent from February. The model sold 20,372 units in the first quarter, down 51.5 percent from the fourth quarter of last year.

($1 =RMB 6.8760)

BYD offers discounts for Song and Seal as China's auto price war intensifies

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BYD’s new plant in central Chinese city Zhengzhou goes into operation

Currently in production is the first phase of 's Zhengzhou base, with a planned annual capacity of 400,000 vehicles.  |  BYDDY.US | BYD HK

BYD (OTCMKTS: BYDDY) has officially started production at a new vehicle production site that begins contributing to the capacity of China's largest maker of new energy vehicles (NEVs).

The production site, located in Zhengzhou, Henan province in central China, saw its first production vehicle roll off the line on April 6, according to a report by a local TV station.

The project was signed in September 2021 and took 17 months to complete construction and go into production.

Currently in production is the first phase of the Zhengzhou base, which covers an area of 4,101 mu (2.7 square kilometers) and has a planned annual production capacity of 400,000 vehicles.

The production base will have phase II and phase III projects, and the total production capacity will exceed 1 million units after completion.

The first mass-produced vehicle to roll off the line from BYD's Zhengzhou base is a Song Pro DM-i, which has a guide price range of RMB 140,800 ($20,480) - 165,800 yuan.

Officials from the Henan provincial government, as well as BYD chairman and president Wang Chuanfu, attended the ceremony to mark the start of production at the facility.

The production base is expected to help BYD achieve its goal of selling at least 3 million vehicles this year. Wang has apologized several times over the past two years for the long wait times for BYD vehicles due to a lack of capacity.

BYD aims to sell at least 3 million vehicles this year and will strive to reach 3.6 million, Wang said at an investor conference on March 29.

For the 3.6 million sales target BYD is aiming to reach, 2.8 million in China and 800,000 overseas, Yicai said in a March 30 report citing an insider at the company.

BYD sold 1,868,543 vehicles in 2022, including 1,863,494 NEVs. The company stopped production and sales of vehicles powered entirely by internal combustion engines in March 2022.

If it can reach 3.6 million vehicles in global sales, BYD is expected to be among the top 10 car companies in global auto sales this year.

BYD aims to become China's No. 1 automaker by the end of this year, Wang said at the investor conference.

BYD sold 207,080 NEVs in March, up 97.45 percent from 104,878 units a year earlier and up 6.93 percent from 193,655 units in February, according to data released by the company earlier this month.

In the first quarter, BYD's NEV sales were 552,076 units, up 92.81 percent from 286,329 units in the same period last year, but down 19.22 percent from 683,440 units in the fourth quarter last year.

($1 = RMB 6.8752)

BYD aims to sell at least 3 million vehicles this year

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CALB unveils new battery tech, boasting significant performance gains over traditional cylindrical cells

The "U" type structure allows the battery to reduce structural component resistance by 50 percent, achieve an energy density of 300 Wh/kg, and support fast charging beyond 6C, CALB said.  | CALB.HK

As CATL's Qilin Battery begins mass production, CALB, another Chinese battery manufacturer, has also rolled out its battery innovation.

CALB officially unveiled its new battery with a "U" type structure at the recent China EV 100 Forum event, an innovation based on its One-Stop minimalist design concept, according to an article by the CATL rival yesterday.

The battery is based on structural and chemical innovations developed by CALB in-house, the industry's first "U" type structure, according to the article, which features a presentation by an executive.

This design allows the battery to reduce the resistance of structural components by 50 percent, achieve an energy density of 300 Wh/kg, and support fast charging of more than 6C, achieving a significant increase in performance compared to traditional cylindrical batteries, according to CALB.

As background, C refers to the battery's charge multiplier, and 6C means that the battery could theoretically be fully charged in one-sixth of an hour -- 10 minutes.

"We have made a disruptive innovation to the structure of the cylindrical battery by introducing the 'U' type structure," CALB vice president Xie Qiu said in a presentation at the China EV 100 Forum.

While the Tabless structure solves some of the current path problems, treating the cell's shell as a conductive component results in a relatively long path for the current to flow through, Xie said, adding that the shell is steel, which does not conduct well.

CALB's structural innovation reduces the current flow path by 70 percent relative to Tabless cells, reduces structural resistance by 50 percent, and improves space utilization by 3 percent, he said.

Also considering CALB's chemical material system technology, the company's large cylindrical battery can achieve 6C fast charging while the energy density of the cells can reach 300 Wh/kg, according to Xie.

In addition to the performance improvement of the cells, the "U" type structure also helps to improve manufacturing efficiency. Compared with the Tabless technology, the number of welding machines in the production line of this battery is about 70 percent less, he said.

CALB is the latest local manufacturer to announce progress in battery technology innovation.

On June 23, 2022, CATL unveiled its CTP (cell to pack) 3.0 Qilin Battery, which it says brings battery system integration to a new level.

The Qilin Battery allows volume utilization to exceed 72 percent and energy density to reach 255 Wh/kg, easily allowing vehicles to achieve a range of 1000 km, CATL said at the time.

With the same chemistry system and the same pack size, Qilin Battery delivers 13 percent more power compared to the 4680 battery, achieving an overall improvement in range, fast charging, safety, longevity, efficiency, and low-temperature performance, according to CATL.

On March 21, local media outlet The Paper reported that CATL's Qilin Battery has achieved mass production.

CATL is the world's largest battery manufacturer, with a 33.9 percent share in January-February, according to data released by South Korean market research firm SNE Research on March 30.

CALB ranked seventh in the global market with a 3.4 percent share.

Notably, CATL is suing CALB in China for infringing its patent rights.

NIO to use batteries from multiple suppliers including CALB and BYD in sub-brand, report says

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