The British carmaker will detail its plans for the next five years on June 27.
Category: Electric
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.
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.
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Li Auto rumored to open larger stores in sales network expansion
Li Auto is preparing to open so-called "central stores" in select Chinese cities, moving away from its current model of opening only experience stores in shopping malls, local media said.
(Image credit: Li Auto)
Li Auto (NASDAQ: LI) is said to be opening larger stores that resemble traditional dealership stores as part of an effort to expand its sales network.
The extended-range electric vehicle (EREV) maker is preparing to open so-called "central stores" in some Chinese cities, moving away from its existing model of opening only experience stores in shopping malls, local auto media outlet Yiche said in a report today.
These larger stores, similar to traditional car dealership stores, would offer a more comprehensive range of services, the report said, citing unnamed industry sources.
Li Auto is seeking proposals from supporters for sites to build such stores in 26 priority cities, including four first-tier cities -- Beijing, Shanghai, Guangzhou and Shenzhen -- and smaller cities including Nantong, Xinyang and Yangzhou, according to an image in the report.
Li Auto's requirements for venues are to be located in automotive markets, with luxury brands in around them preferred, and an area of 700-1500 square meters, according to the image.
For Li Auto, its original stores located in shopping malls seem to be inadequate as more models become available.
The company currently sells three models -- the five-seat Li L7, the six-seat Li L8 and the Li L9 -- all of them SUVs. It is expected to launch its first all-electric model, which will be an MPV, by the end of the year.
In terms of its retail store network, Li Auto was continuing to add new retail centers as it launches multiple models, the company's management said in a May 10 analyst call following its first-quarter earnings announcement.
Li Auto is also working quickly on store upgrades, replacing stores that used to be small with larger stores that support multiple models, the company said at the time.
Since the launch of Li L9 last June, Li Auto has optimized a total of nearly 50 existing stores and added more than 50 new stores through location changes and space expansions, the company previously said.
Li Auto opened 16 new retail stores and expanded two stores in May, according to information it announced on June 5.
As of May 31, 2023, Li Auto had 314 retail centers in China, covering 124 cities. It has 319 after-sales repair centers and authorized sheet metal spray centers, covering 222 cities.
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Tesla To Open Its First Store In Upstate New York After Deal With Oneida Indian Nation
The company will use a loophole to open a showroom, as state law prohibits direct sales.
Tesla To Open Its First Store In Upstate New York After Deal With Oneida Indian Nation
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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.
(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.
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.
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.
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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LEVC XE08 spotted in China during road tests. New vehicle for the London taxi fleet?
The LEVC XE08 is a huge MPV that is getting ready for the UK and Chinese markets. It can have up to four rows of seats inside.
The post LEVC XE08 spotted in China during road tests. New vehicle for the London taxi fleet? appeared first on CarNewsChina.com.
Tesla Model 3 Project Highland Spy Shots Reveal New Headlights, Tail Lights
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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).
CATL and BYD 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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