The IM L5 electric liftback was spied in China. This vehicle should increase the brand's sales volume. But is it good enough?
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Category: China
2023 BYD e2 electric hatchback with an 8-in-1 electric powertrain will launch on April 6
The e2 was mainly aimed at the ride-hailing market, but now BYD is rebranding it as a family car.
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Tesla sold 88,869 China-made cars in March, 80% sold domestically
It's up 35% YoY and historically the second best result for Shanghai plant. Every second car delivered by Tesla was China-made
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Mercedes-Geely JV’s Smart #1 EV delivered 12,697 units in Q1 2023 in China
The Smart #1 model has delivered 21,909 units in China since its launch in September 2022. The price is 26,000 - 40,500 USD.
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China NEV insurance registrations for week ending April 2: BYD 46,218, Tesla 14,275, NIO 2,730
In the past five weeks, NIO vehicles had 11,929 insurance registrations. The company delivered 10,378 vehicles in March.
China's new energy vehicle (NEV) sector saw continued improvement last week, with most major players posting sales increases.
In the week ending April 2, insurance registrations for all vehicles in China were 465,500, up 46.9 percent year-on-year and up 19.9 percent from the previous week, according to data shared today by several auto bloggers.
Of these, 139,500 were NEVs, up 44.7 percent year-on-year and up 9.28 percent from the previous week, with a penetration rate of 29.96 percent.
Gasoline vehicles were 326,000 units, up 47.9 percent year-on-year and up 25.1 percent from the previous week.
BYD vehicles continued to register the highest number of insurance units last week at 46,218, up from 43,490 the previous week.
In the past five weeks -- February 27 to April 2 -- BYD NEVs had 204,195 insurance registrations in China.
As a comparison, BYD sold 207,080 wholesale NEVs in March, including 13,312 units sold overseas, according to data it released on April 2.
Insurance registrations for Tesla vehicles in China last week were 14,275, slightly lower than the previous week's 15,886.
In the past five weeks, Tesla vehicles had 79,171 insurance registrations in China.
Tesla sold 88,869 China-made vehicles in March, including exports, according to data released earlier today by the China Passenger Car Association (CPCA).
Those numbers mean that Tesla's Shanghai plant may have exported only a few thousand vehicles in March, with the rest for deliveries to Chinese consumers.
Tesla's pattern is to produce cars for export in the first half of the quarter and for the local market in the second half.
Insurance registrations for NIO vehicles were 2,730 last week, up from 1,909 the previous week.
In the past five weeks, NIO vehicles had 11,929 insurance registrations.
NIO delivered 10,378 vehicles in March, including 3,203 SUVs, and 7,175 sedans, according to data released by the company on April 1.
Li Auto (NASDAQ: LI) vehicles had 6,185 insurance registrations last week, up from 5,081 in the previous week.
In the past five weeks, Li Auto vehicles saw 24,169 insurance registrations. For comparison, it delivered 20,823 vehicles in March.
XPeng (NYSE: XPEV) vehicles had 2,034 insurance registrations last week, up from 1,564 the previous week.
XPeng's total for the past five weeks was 7,950, and the company delivered 7,002 vehicles in March.
Zeekr vehicles had 2,571 insurance registrations last week and a cumulative total of 7,555 over the past five weeks. It delivered 6,663 vehicles in March.
Neta had a figure of 3,740 vehicles in the last week and a total of 12,286 vehicles in the last five weeks. It delivered 10,087 vehicles in March.
BMW had 2,598 NEV insurance registrations last week, for a total of 9,959 over the past five weeks.
China's Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show
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China’s Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show
In the first quarter, wholesale sales of new energy passenger vehicles in China are expected to be 1.48 million, up 25 percent year-on-year, the CPCA said.
China's March wholesale sales of new energy passenger vehicles (passenger NEVs) are expected to be 600,000 units, up 20 percent from February and up 30 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.
In February, the 10 manufacturers that sold more than 10,000 NEVs at wholesale contributed 83 percent of all wholesale sales, the CPCA said.
These companies are expected to sell 477,000 units in March, and the normal structure would put China's March wholesale sales of passenger NEVs above 570,000 units, the CPCA said.
Considering that some small and medium-sized companies' NEV sales improved significantly from February, the passenger car market in March could be optimistic, the CPCA said.
In the first quarter, wholesale sales of passenger NEVs in China are expected to be 1.48 million, up 25 percent year-on-year, the CPCA said.
China's passenger NEV sales fell sharply in January, as subsidies for the purchase of NEVs were withdrawn, as well as under the influence of the Chinese New Year holiday. The market gradually rebounded in February.
In March, China's passenger NEV market maintained a rebound despite disruptions from gasoline vehicle promotions, the CPCA said.
With recent lithium carbonate price reductions evident, some manufacturers actively allowed production and sales to slow down in the first quarter to reduce costs, the CPCA noted.
At one point in late November last year, battery-grade lithium carbonate was quoted at RMB 590,000 ($85,790) per ton in China, about 14 times the average RMB 41,000 per ton price in June 2020.
Since then, lithium carbonate offers have continued to move downward, without seeing a single day of gains this year.
Battery-grade lithium carbonate prices in China today fell RMB 8,500 per ton, or 3.66 percent, to RMB 224,000 per ton, according to Mysteel data monitored by CnEVPost.
Industrial-grade lithium carbonate fell RMB 6,000 per ton, or 3.08 percent, to RMB 189,000 per ton today.
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Tesla sells 88,869 China-made vehicles in Mar, CPCA data show
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Tesla sells 88,869 China-made vehicles in Mar, CPCA data show
In the first quarter, Tesla sold 229,322 China-made vehicles, contributing 54 percent of its global deliveries in the quarter.
Tesla sold 88,869 China-made vehicles in March, including exports, according to data released today by the China Passenger Car Association (CPCA).
That's up 35.03 percent from 65,814 vehicles in the same month last year and up 19.44 percent from 74,402 vehicles in February.
This is the second highest China-made vehicle sales ever for Tesla, behind the 100,291 units sold in November of last year.
The sales include sales in China as well as exports, and the breakdown is expected to be available in the coming days.
In the first quarter, Tesla's China-made vehicle sales were 229,322, up 25.88 percent from 182,174 in the same period last year.
Tesla has a factory in Shanghai that currently produces only the Model 3 and Model Y.
The EV maker delivered 422,875 vehicles worldwide in the first quarter, including 412,180 Model 3 and Model Y vehicles and 10,695 Model S and Model X vehicles, according to data it released April 2.
Today's figures mean that 54 percent of Tesla's global deliveries in the first quarter were made at its Shanghai plant.
Tesla doesn't publish its deliveries in China, the CPCA publishes those numbers every month.
Including exports, Tesla sold 66,051 and 74,402 China-made vehicles in January and February, respectively.
Tesla delivered 26,843 and 33,923 vehicles in China in January and February, respectively, and its Shanghai plant exported 39,208 and 40,479 vehicles in those two months, according to the CPCA.
In addition, Chinese media outlet 36kr reported earlier today that Tesla is planning up to 4 million units of annual production capacity for one of a lower-priced model, a smaller version of the Model Y.
Tesla's North American factories will take on 2 million units of capacity, with the Monterrey, Mexico, plant providing most of it. Its plants in Berlin, Germany, and Shanghai will each take on 1 million units of capacity, the report said.
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Samsung SDI opens battery R&D center in Shanghai
A new research lab under the center will focus on discovering new functional and affordable materials.
(Image credit: Samsung SDI)
Samsung SDI, South Korea's third-largest battery maker, has opened a new battery research and development center in China to boost its technological competitiveness.
Samsung SDI said Sunday it opened the new center, called SDI China Research and Development Center (SDIRC), in Shanghai on Saturday, according to several South Korean media reports.
The R&D center will focus on building partnerships with Chinese universities and research institutes to secure core battery technologies, according to a report by Korea JoongAng Daily on April 2.
A new research lab under the center will focus on discovering new functional and affordable materials, according to the report.
Samsung SDI opened SDI R&D Europe (SDIRE) in Munich last July and SDI R&D America (SDIRA) in Boston last August. The Chinese research arm will complete the company's worldwide network, the report noted.
Through its global R&D network, the company hopes to ensure that the key framework for battery production, including advanced manufacturing methods, facilities, are competitive for different regional environments, including Europe, the US, and China, respectively, according to a report in the Korea Herald.
"By leveraging global technological competence and talent pools, we will further bolster our pursuit of outstanding technological competitiveness," the report quoted Samsung SDI President and CEO Choi Yoon-ho as saying.
Samsung SDI is the sixth largest battery maker in the world, with a 4.9 percent share in January-February, according to data released by South Korean market research firm SNE Research on March 30.
CATL continued to rank No. 1 in January-February with a 33.9 percent share, the only global battery maker with a share of more than 30 percent.
LG Energy Solution and SK On are the two largest battery manufacturers in Korea, with 13.3 percent and 5.5 percent shares in January-February, ranking third and fifth respectively in the world.
Global EV battery market share in Jan-Feb: CATL 33.9%, BYD 18.2%
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Hengchi 5 gets assisted driving capability days after Evergrande NEV warns of production halt risk
The H-Pilot assisted driving system is available for the first time for the Hengchi 5, giving the vehicle the ability to perform full-speed adaptive cruise control and lane keeping.
Evergrande New Energy Vehicle Group (Evergrande NEV), the EV division of China Evergrande Group, brought an important software update to its first production model, even though it made an announcement two weeks ago that there was a risk of discontinuing production.
The Hengchi 5 received an OTA upgrade on April 3, with the H-Pilot assisted driving system available for the first time, Evergrande NEV said in articles on its social media accounts yesterday.
With the update, Hengchi 5 will see 12 controller (ECU) optimizations, 14 new features, and 25 functional optimizations.
With H-Pilot support, the Hengchi 5 will be able to achieve full-speed adaptive cruise control and lane-keeping on city streets as well as highways.
The vehicle will also receive automatic emergency braking capability, which monitors the vehicle's environment in front of it in real time and automatically slows it down in the event of a potential collision.
Hengchi 5 also gains nine assisted driving features, including cornering speed assist, forward/rearward collision warning, lane departure warning, blind spot monitoring, and traffic sign recognition.
Hengchi will continue to bring users a better driving experience through OTA upgrades, the article said, adding that higher-level intelligent driving systems will be opened up next.
Hengchi 5 is the first model of Evergrande NEV's Hengchi Auto in production, which opened for delivery on October 29, 2022.
The model is currently available in only one version with a starting price of RMB 179,000 ($26,010).
Here is a video about the OTA update posted by Hengchi on its Weibo account.
On December 2 last year, Reuters reported that Evergrande NEV had suspended mass production of the Hengchi 5 due to a lack of sufficient new orders for the SUV.
On March 23, Evergrande NEV said in a Hong Kong Stock Exchange announcement that it was at risk of suspending production without access to additional liquidity.
Hengchi 5 was in continuous volume production and has delivered more than 900 units, according to the announcement.
Trading in Evergrande NEV's shares in Hong Kong has been suspended since April 1, 2022, and a date for restarting trading has not yet been set.
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Evergrande NEV warns risks of production halt if it can't get additional liquidity
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Neta GT electric coupe officially unveiled in China with 462 hp and 580 km of range
The Neta GT is ready for the Chinese market. It is the first pure electric four-seat coupe ever.
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