Category: Electric

GM acquires more smarts for EV battery health

GM electric pickup silhouette - from 2020 Ultium platform previewGeneral Motors has acquired Israel-based battery startup ALGOLiON for an undisclosed amount, with the aim of developing new ways to track EV battery health. ALGOLiON has developed software that uses data from EV battery management systems to help identify anomalies in individual cells, which could provide early detection of thermal runaway events...

VW boosts investment in EV charging network in China

Volkswagen China and FAW-Volkswagen plan to jointly invest about 800 million yuan in charging station operator CAMS to accelerate the deployment of charging network in China.

(Image credit: Volkswagen)

Volkswagen plans to invest more in a charging joint ventures in China to increase its bet on the world's largest electric vehicle (EV) market.

Volkswagen China and FAW-Volkswagen plan to jointly invest about 800 million yuan ($110 million) in charging station operator CAMS New Energy Technology (CAMS) to accelerate the layout of charging network in China, according to a July 3 press release.

The transaction, which will be completed after regulatory approvals are obtained, is intended to further accelerate the layout of the charging network in China and enhance the user experience, Volkswagen said.

CAMS was founded in May 2019 and is based in Changzhou, Jiangsu province. Volkswagen China holds a 30 percent stake in the company, China FAW holds 30 percent, and two other local companies hold 40 percent of the remaining shares.

By June 2023, CAMS had established 1,250 supercharging stations in China, offering 10,950 charging terminals covering more than 180 cities and serving more than 2 million registered users, according to the Volkswagen press release.

By 2025, CAMS plans to have 17,000 fast charging terminals in China with superchargers ranging from 120 kW to 180 kW and even 300 kW to 480 kW, it said.

In addition, Volkswagen China and CAMS have joined forces with a subsidiary of State Grid to launch a managed charging (V1G) pilot in the Beijing-Tianjin-Hebei region.

The pilot's intelligent remote-control technology can control charging power according to the requirements of grid load regulation, thus balancing power supply and demand and contributing to grid stability, according to Volkswagen.

The first phase of the pilot program will run from July 2023 to June 2024, with 2,400 EV customers initially planned to be recruited in the Beijing-Tianjin-Hebei region.

Volkswagen's weekly sales of new energy vehicles (NEVs) in China were 3,900 units in the week of June 26 to July 2, according to data shared yesterday by local auto media outlet Dongchedi.

($1 = RMB 7.2144)

China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900

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China Jun NEV retail up 10% MoM to 638,000, preliminary CPCA data show

This is below the CPCA's June 25 estimate of about 670,000 units.

Retail sales of passenger new energy vehicles (NEVs) in China were 638,000 units in June, up 19 percent year-on-year and up 10 percent from May, according to preliminary data released today by the CPCA.

On June 25, the CPCA estimated in a report that China's retail sales of passenger NEVs in June would be around 670,000 units. The latest preliminary figures have been revised downward from the previous estimate.

From January to June, retail sales of passenger NEVs in China were 3.06 million units, up 36 percent year-on-year, according to the CPCA.

Wholesale sales of passenger NEVs in China were 744,000 units in June, up 30 percent year-on-year and up 10 percent from the previous month.

From January to June, wholesale sales of passenger NEVs in China were 3.53 million units, up 43 percent year-on-year.

Retail sales of all passenger vehicles in China were 1.896 million units in June, down 2 percent year-on-year but up 9 percent from May, according to the CPCA.

This means that the penetration of passenger NEVs at retail in June was 33.64 percent, up from 31.66 percent in May.

Retail sales of all passenger vehicles in China from January to June were 9.528 million units, up 3 percent year-on-year.

Wholesale sales of passenger cars in China increased 2.23 million units in June, up 2 percent year-on-year and up 11 percent from May.

From January to June, China's wholesale passenger vehicle sales were 11.06 million units, up 9 percent year-on-year.

The following is the CPCA's weekly retail sales performance for the Chinese passenger vehicle market for June, as announced today:

For the first week of June, June 1-4, passenger vehicle daily retail sales averaged 31,000 units, down 9 percent year-on-year and down 42 percent from the same period in May.

In the second week of June, from June 5-11, the average daily retail sales of passenger cars were 43,000 units, down 10 percent year-on-year and 14 percent lower than the same period in May.

In the third week of June, June 12-18, average daily retail sales of passenger cars were 58,000 units, down 2 percent year-on-year but up 21 percent from the same period in May.

In the fourth week of June, June 19-25, average daily retail sales of passenger cars were 75,000 units, up 9 percent year-on-year and up 53 percent from the same period in May.

In the fifth week of June, from June 26-30, the national passenger car market averaged 108,000 daily retail sales, down 7 percent year-on-year and up 30 percent from the same period in May.

China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900

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Li Auto reaches 400,000 cumulative delivery milestone

has completed its latest 100,000-vehicle delivery in less than four months.

(Image credit: Li Auto)

Li Auto recently completed the delivery of its 400,000th vehicle, its five-seat SUV, the Li L7, at its Beijing delivery center, the company announced today.

Li Auto reached the milestone in 42 months since delivering its first vehicle in December 2019, making it the fastest new car-making brand in China to reach the milestone, it said.

On March 24, Li Auto's cumulative deliveries exceeded 300,000 units. The latest progress means the company has completed its latest 100,000-vehicle delivery in less than four months.

Looking ahead to the second half of 2023, Li Auto will challenge itself to achieve the 40,000-unit monthly delivery mark in the fourth quarter with the L series, it said today, repeating its previous statement.

All of Li Auto's models currently on sale are extended-range electric vehicles (EREVs), essentially plug-in hybrids, including the five-seat Li L7 and the six-seat Li L8 and Li L9.

The company delivered a record 32,575 vehicles in June, bringing cumulative deliveries since inception to 396,451, according to figures it announced earlier this month.

Last week -- June 26 to July 2 -- Li Auto sold 6,500 units, down 13.33 percent from 7,500 units the week before, according to data shared by the company yesterday.

Li Auto's Li L7 sold 2,800 units last week, according to data shared by local auto media outlet Dongchedi.

Earlier today, 36kr reported that Li Auto has told its supply chain that it is raising its sales forecast for the second half of the year to about 240,300 units.

Li Auto expects to sell more than 35,000 units a month on average in the third quarter and more than 42,000 units a month in the fourth quarter, according to the report.

The company is on track to see sales of more than 380,000 units for the full year, far exceeding the 300,000 sales target it set at the beginning of the year, considering it delivered 139,000 units in the first half of the year, according to the report.

Li Auto raises H2 sales forecast to about 240,000 units, report says

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China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900

The Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.

(NASDAQ: LI) yesterday shared the insurance registrations of some of the car companies last week to showcase its leadership among the new car-making brands.

Local auto media outlet Dongchedi then shared the rankings they produced, providing more details.

It should be noted that the two shared slightly different data on a few of the car companies' numbers, although the differences were minor, which may have to do with their rounding practices.

In the week between June 26 and July 2, (OTCMKTS: BYDDY) had the highest number of new energy vehicle (NEV) insurance registrations in China at 54,000, according to what Dongchedi shared.

Tesla was in second place at 17,300 units. Tesla was 17,400 units in the data shared by Li Auto yesterday.

was in third place with 11,600 units last week, and Li Auto was fourth with 6,500 units.

Volkswagen's NEV sales were 3,900 units last week, ranking 8th, according to Dongchedi.

When considering only Chinese brands, BYD, GAC Aion and Li Auto were the top three, with (NYSE: NIO) in sixth place.

The Tesla Model Y was the best-selling new energy SUV in China last week with 10,800 units sold. BYD Yuan Plus and BYD Song Plus DM-i were second and third, respectively, with 6,200 and 5,700 units sold.

Li Auto's Li L7 sold 2,800 units last week, ranking 7th.

Nio's ES6 was No. 10 at 1,900 units. The new ES6 was officially launched on May 24 and still seems to be in the capacity ramp-up phase.

The Tesla Model 3 sold 6,400 units last week and was the best-selling new energy sedan in China, according to data shared by Dongchedi.

BYD Dolphin came in second with 6,100 units and GAC Aion S was third with 6,000 units.

China NEV insurance registrations for week ending Jul 2: Tesla 17,400, Li Auto 6,500, Nio 4,100

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