Category: Electric

Nio in spotlight as fire breaks out at swap station in Guangdong

The station is 's first second-generation battery swap station in Jiangmen, Guangdong province, which opened on August 29, 2021.

A fire at one of Nio's (NYSE: NIO) battery swap stations has made it a talking point in the Chinese community, just as the company celebrates the launch of its 1,500th station.

A fire broke out at a new energy vehicle (NEV) battery swap station in Jiangmen, southern China's Guangdong province, at noon on June 25, local media outlet The Cover reported.

The station is owned by Nio and the fire was extinguished at 14:38, with no injuries, the report said, citing Jiangmen authorities.

The battery swap station covers an area of about 25 square meters and stores 13 batteries, including eight lithium batteries and five lithium iron phosphate batteries, the report said.

Nio has two battery swap stations in Jiangmen, and the one involved in the accident was its first second-generation battery swap station in the city, which opened on August 29, 2021, and its 402nd in China, according to the report.

Nio has not yet issued a statement on the incident, which has been widely discussed on social media, including Weibo, and in WeChat groups.

Jiangmen is located in western Guangdong, and the station is able to serve owners traveling to Guangzhou, Zhongshan and Yangjiang, according to a previous Nio App post.

The site will also help complete the replenishment network in the region's core cities and will be one of the energy replenishment nodes connecting Guangzhou to Haikou, Nio previously said.

Notably, earlier today, Nio announced that it had reached the milestone of 1,500 battery swap stations in China, with a cumulative total of more than 24 million battery swap services provided.

On average, a vehicle leaves Nio's battery swap stations with a fully charged battery every 1.8 seconds, the company said, adding that more than 60 percent of Nio vehicles' power comes from these stations.

Currently, 72.44 percent of Nio owners can find a battery swap station within 3 kilometers of their home or office, Nio said.

Nio also put 10 supercharging stations into operation today, bringing the total to 1,450 and providing 7,156 charging piles. It added an additional two destination charging stations today, bringing the total to 1,277 stations with 9,048 charging piles.

Nio reaches 1,500 swap stations in China as it aims for 2,300 by year-end

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CPCA expects China Jun NEV retail sales to grow 15.5% MoM to 670,000

This means that the penetration of NEVs at retail is expected to be 36.6 percent in June, up from 33.3 percent in May.

CPCA expects China Jun NEV retail sales to grow 15.5% MoM to 670,000-CnEVPost

Passenger vehicle sales in China are expected to decline this month compared to a year ago, but the performance of new energy vehicles (NEVs) remains strong.

In June, retail sales of NEVs in China are expected to be around 670,000 units, up 26 percent year-on-year and up 15.5 percent from May, according to estimates released today by the China Passenger Car Association (CPCA).

Survey shows that automakers that contribute about 80 percent of passenger car sales are targeting retail sales growth of about 5 percent in June compared with May, the CPCA said.

According to preliminary projections, passenger vehicle sales in China were about 1.83 million units in June, up 5 percent from May but down 5.9 percent from a year earlier, the CPCA said.

The year-on-year decline was due to a high base in June last year, when China's auto market was recovering from the shock of Covid, according to the CPCA.

The CPCA had forecast several times this month that June passenger car sales would be lower than a year ago, one reason being China's halving of purchase taxes on mainstream internal combustion engine vehicles that began last June.

Today's latest estimate implies that NEVs had a penetration rate of about 36.6 percent at retail in June, up from 33.3 percent in May.

CPCA expects China Jun NEV retail sales to grow 15.5% MoM to 670,000-CnEVPost

Auto market demand dropped slightly in early June, but the market warmed up with the start of the June 18 shopping spree, the release of local government subsidies and the Dragon Boat Festival, the CPCA said.

The overall discount rate in China's passenger car market was about 17.8 percent in mid-June, expanding 0.6 percent from the end of May, according to the CPCA.

CPCA expects China Jun NEV retail sales to grow 15.5% MoM to 670,000-CnEVPost

Major carmakers averaged 31,100 daily retail sales in the first week of June, down 42 percent from the same period in May, mainly due to a high base of vehicle sales during last month's Labor Day holiday, the CPCA said.

Their average daily retail sales in the second week of June were 42,900 units, down 14 percent from the second week of May.

As promotions kicked off in mid-June, the car market picked up in the third week, with average daily retail sales of 57,500 units, up 21 percent from the same week in May.

In the fourth week, with the arrival of the Dragon Boat Festival holiday, average daily retail sales are expected to be 62,000 units, an increase of 26 percent over the same period in May.

In week five, average daily retail is expected to be 113,700 units, up 32 percent from the same period in May, due to the pulse of the quarter-end sales, according to the CPCA.

BREAKING: China extends NEV purchase tax breaks for 4 years

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June Solar News Roundup

It’s that time again! At CleanTechnica, we believe that covering small stories in the solar industry is a great idea, and we often do this toward the end of the month because these small stories start to pile up. By reporting on these smaller developments, we hope to provide our readers with a more comprehensive […]