Category: BYD

Denza’s 1st SUV N7 surpasses 20,000 pre-orders ahead of official launch

The Denza N7 will hit the market later this month, with deliveries set to begin in July, targeting a market in the RMB 400,000 range.

(Image credit: CnEVPost)

's (OTCMKTS: BYDDY) premium new energy vehicle (NEV) brand Denza is gearing up for the launch of its first SUV, the Denza N7, and the model seems to be gaining good acceptance.

Pre-orders for the Denza N7 have already exceeded 20,000 units before specifications and pricing are announced, Zhao Changjiang, general manager of Denza's sales division, said at an event yesterday.

Fifty-five percent of these pre-order holders are vehicle owners of luxury brands including Mercedes-Benz, BMW and Audi, and 35 percent are existing owners of BYD and Denza, Zhao said, according to a report by local auto media Yiche yesterday.

On March 26, Zhao said there were many customers who want to get the Denza N7 launched as soon as possible, and the model is expected to get 30,000 orders before its mid-year launch based on inquiry volume data.

On the first day of the Shanghai auto show on April 18, Denza opened reservations for the N7, but its pricing information was not released.

Denza is a joint venture between BYD and Daimler established in February 2011, with each holding a 50 percent stake at the time, and the Daimler brand was rebranded as Mercedes-Benz in February 2022. BYD's stake in Denza increased to 90 percent last year, and Mercedes-Benz's stake decreased to 10 percent.

In August 2022, Denza let the D9 MPV go on sale, the brand's first model after the reorganization. The Denza N7 is the second model after Denza's shareholding reform and its first SUV.

On April 25, Denza said the N7 received 10,569 pre-orders, just seven days before reservations opened.

On May 30, Zhao said at Denza's first brand day event that the Denza N7 would go on sale in late June, with deliveries starting in July.

Earlier today, Zhao said on Weibo that he would be attending the rollout ceremony of the first Denza N7 production car later today.

(Image credit: Denza)

No pricing information has been released for the Denza N7, but Zhao said on Weibo last December 20 that the SUV aims to capture the market for traditional internal combustion engine cars priced around 400,000 yuan ($55,850).

The Denza N7 is a 5-seat midsize SUV with a length, width and height of 4,860 mm, 1,935 mm and 1,602 mm, respectively, and a wheelbase of 2,940 mm, a previous regulatory filing showed.

Denza's only model currently in delivery, the Denza D9, began deliveries at the end of October last year and sold 11,005 units in May this year, the third consecutive month with more than 10,000 units.

The average sales price of the Denza D9 exceeds RMB 420,000, Denza said on June 2. The MPV is now available in hybrid and all-electric versions, with a starting price range of RMB 335,800 to RMB 465,800.

($1 = RMB 7.1621)

Denza sales in May: 11,005

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BYD to build sodium-ion battery production base in Xuzhou

will set up a joint venture with a local conglomerate to build a sodium-ion battery production base in Xuzhou, Jiangsu province.

(Image credit: Huaihai Holding Group)

BYD (OTCMKTS: BYDDY) will set up a joint venture with a local conglomerate to build a sodium-ion battery production base, the first time we've seen it move forward in building capacity for this alternative to lithium batteries.

Huaihai Holding Group and BYD's battery unit FinDreams signed a strategic cooperation agreement at BYD's Shenzhen headquarters on June 8, according to a press release from Huaihai yesterday.

The two parties will establish a joint venture to build a sodium-ion battery production base in Xuzhou Economic and Technological Development Zone in Jiangsu province to jointly create the world's largest supplier of sodium battery systems for micro vehicles, according to the press release.

Huaihai will provide its resources including markets and application scenarios, and FinDreams will provide products and services, the release said.

Huaihai said it sees the tremendous economic and social value of sodium batteries and began its involvement in the industry years ago with a strategic investment in sodium-ion battery startup Natrium.

Huaihai and FinDreams will expand demand for mini-vehicle batteries nationwide and globally, centered on Xuzhou, it said.

Huaihai's press release provided no further details. The company was founded in 1976 and has operations in small vehicles, electric vehicles, parts and components, and financial services.

Since last November, there have been several rumors that BYD's sodium-ion battery would be in mass production in 2023 and that the first model to carry the battery would be the Seagull.

However, none of these rumors have been confirmed by BYD. BYD launched the Seagull on April 26 with a starting price of RMB 73,800 ($10,350), though no version with the sodium battery is yet available.

On February 23, battery maker Hina Battery unveiled three sodium-ion battery cell products and announced a partnership with Anhui Jianghuai Automobile Group Corp (JAC).

Hina Battery and Sehol -- a joint venture brand between JAC and Volkswagen Anhui -- jointly built a test vehicle with sodium-ion batteries based on the latter's Sehol E10X model.

On April 16, announced that its sodium-ion batteries will first be used in Chery's models. CATL unveiled its first-generation sodium-ion batteries on July 29, 2021, saying that the energy density of the cells alone has reached 160Wh/kg.

On April 20, local media 36kr reported that CATL's and BYD's sodium-ion batteries will both be installed in production vehicles this year, and they will both be a mix of sodium-ion and lithium-ion batteries.

Sodium-ion batteries currently have lower energy density than lithium-ion batteries, but cost less and sodium resources are seen as more abundant and readily available.

In the past two years, as lithium prices continue to rise sharply, sodium-ion batteries are highly anticipated.

However, since the beginning of this year, with the continued decline in lithium prices, sodium-ion batteries are seen as having a reduced cost advantage.

Sodium-ion's abundant resource reserves are difficult to quickly translate into cost advantages, and when the cost of lithium iron phosphate batteries is rapidly declining, automakers are hardly motivated to choose to carry sodium-ion batteries in the short term, the China Passenger Car Association (CPCA) said in a report on May 22.

($1 = RMB 7.1286)

CATL, BYD's sodium-ion batteries both to be in mass production within this year, report says

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Top-selling cars in May 2023 in China – BYD first, Volkswagen second, Toyota third

According to the data released by the China Passenger Car Association (CPCA), the Chinese market witnessed the sale of 1.742 million new cars in May 2023. This represents a 7% increase compared to the previous month. Notably, among these sales, 388,000 were electric vehicles (EVs), and 192,000 were plug-in hybrid electric vehicles (PHEVs), collectively known […]

The post Top-selling cars in May 2023 in China – BYD first, Volkswagen second, Toyota third appeared first on CarNewsChina.com.

China EV battery installations in May: BYD extends lead in LFP market

remains the largest power battery maker in China, but 's lead in the LFP market expanded in May.

After regaining the top spot in the lithium iron phosphate (LFP) market over CATL in April, BYD extended its lead in this segment in May.

In May, China's power battery installations were 28.2 GWh, up 52.1 percent year-on-year and up 12.3 percent from 25.1 GWh in April, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

CATL's power battery installed base in May was 11.67 GWh, ranking first with a 41.31 percent share, up from 40.83 percent in April.

BYD's power battery installed base in May was 8.68 GWh, ranking second with a 30.72 percent share, up 1.61 percentage points from 29.11 percent in April.

CALB ranked third with a 7.76 percent share of 2.19 GWh in May, down 0.98 percentage points from 8.74 percent in April.

Eve Energy ranked No. 4 in May with 1.33 GWh installed base and 4.71 percent share, down 0.77 percentage points from 5.48 percent in April.

Gotion High-tech ranked 5th in May with 1.01 GWh of installed base and a 3.58 percent share.

Gotion ranked fourth in March with 4.51 percent share, but was overtaken by Eve Energy in April.

China's ternary battery installed base in May was 9.0 GWh, accounting for 32.0 percent of total installed base, up 8.7 percent year-on-year and up 12.8 percent from April.

The installed base of LFP batteries was 19.2 GWh, accounting for 67.8 percent of the total installed base, up 87.2 percent year-on-year and up 11.8 percent from April.

In the LFP battery market, BYD installed 8.68 GWh in May, topping the list with a 45.30 percent share, up from 42.68 percent in April.

CATL's installed base in the LFP battery market in May was 5.90 GWh, ranking second with a 30.81 percent share, down from 33.65 percent in April.

In March, CATL's share of the LFP market was 39.47, higher than BYD's 38.88 percent, marking the first time it has overtaken BYD in this segment during the year.

BYD's share of the LFP market rebounded to 42.68 percent in April, regaining the lead over CATL's 33.65 percent.

Eve Energy and CALB ranked third and fourth in the LFP battery market with 6.33 percent and 6.14 percent shares, respectively.

In the ternary battery market, CATL ranked first with 63.87 percent of the installed base in May with 5.77 GWh.

CALB and LG Energy Solution ranked second and third in the ternary battery market with 11.26 percent and 7.48 percent shares, respectively.

China EV battery installations in May: 28.2 GWh

The post China EV battery installations in May: BYD extends lead in LFP market appeared first on CnEVPost.

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