Panasonic specializes in cylindrical batteries, which have been used in Teslas for years.
Category: eV
Price wars fail to boost China’s auto consumption
With consumers in a wait-and-see mood, orders and transaction rates did not increase significantly, and auto demand recovered less than expected, the CADA said.
Many automakers in China launched rare price wars in March to try to boost sales. But these moves do not seem to have achieved the results they wanted.
In March, following significant promotions by automakers in Hubei province, dozens of provinces and cities, including Beijing, Tianjin, Shanghai and Zhejiang, offered deals that gave dealership store traffic a quick boost, the China Automobile Dealers Association (CADA) said in an April 3 report.
However, orders and transaction rates did not increase significantly as consumers were in a wait-and-see mood, and auto consumer demand did not recover as expected, the CADA said.
The Vehicle Inventory Alert Index for China's auto market was 62.4 percent in March, down 1.2 percentage points from a year ago but up 4.3 percentage points from February, according to the CADA report.
The index's break-even value is 50 percent, and a reading above that benchmark means the auto distribution industry is in contraction territory, according to the report.
China's switch to the 6b emissions standard was not the main reason for the wave of price cuts, the CADA said, adding that most dealers said their inventories of 6a-based vehicles are not high and could be cleared by the end of June.
However, there are still a large number of 6b-based vehicles that do not meet RDE (real-world driving emission) standards, and with lower-than-expected sales in the first quarter, these vehicles face challenges in completing inventory clearance by the end of June, the CADA said.
In March, vehicle prices were volatile and customer wait-and-see sentiment was strong, resulting in lower orders and turnover rates and a decline in dealer profitability, according to the report.
More than 60 percent of dealers said they met less than 80 percent of their sales targets in the first quarter. Of those, 20.5 percent of dealers achieved 70-80 percent of their sales targets and 46.0 percent achieved less than 70 percent, the CADA said.
Separately, the CADA said in another report on April 3 that the March auto consumption index was 72.5, down from 74.6 percent in February.
March auto sales did not meet expectations, and dealers predict that without major policy changes in April, auto sales will be essentially unchanged from March, the CADA said.
In March, the demand sub-index of the auto consumption index was 68.2, down from 73.3 in February, the CADA said, adding that this signals a decline in demand for cars in April.
China's Mar passenger NEV wholesale sales up 20% MoM to 600,000, CPCA estimates show
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BYD Destroyer 07 sedan spied in China. It is based on the BYD Han
The Destroyer 07 is a Han-based sedan with a DM-i PHEV system. It will hit the market this year.
The post BYD Destroyer 07 sedan spied in China. It is based on the BYD Han appeared first on CarNewsChina.com.
2023 Ford E-Transit Courier Debuts In Europe With 100-kW Motor
The all-new compact van can carry two Euro pallets.
Tesla Starts Deliveries Of Its GigaBier Limited Edition Pilsner
Customers who ordered early are receiving their $100 three-packs.
2023 — An Uphill Battle For Italy’s EV Market
Originally published on opportunity:energy. Italy’s road to electric mobility has been featuring substantial setbacks in recent months, and the start of 2023 was no different. With the rest of Europe firmly progressing in its upward trajectory, the land of the most famous supercars seems yet undecided as to its future. January blues This year began […]
Buick to launch Electra E5 electric SUV in China on Apr 13
The Electra E5, Buick's first electric model based on the Ultium platform, is a 5-seat SUV measuring 4,892 mm in length.
(Image credit: Buick)
General Motors' Buick brand will launch its first electric model based on the Ultium platform in China next week, in what could be one of the most anticipated EV offerings from a foreign brand here.
Buick will launch the Electra E5, a large five-seat all-electric SUV, in China on April 13 and will be offered in standard, long-range and Avenir four-wheel-drive versions, SAIC-GM, GM's joint venture in China, announced today.
The Electra E5 features the Pure Design concept, the new generation Virtual Cockpit System (VCS), and Buick eConnect network connectivity technology, SAIC-GM said.
The model will feature exclusive battery cells with a CLTC range of up to 620 km and can consume as little as 13.5 kWh per 100 km.
Its Avenir 4WD version will feature the Ultium 8-in-1 electric drive system with a permanent magnet synchronous motor in the front and an induction asynchronous motor in the rear.
The Avenir version uses a battery pack with a capacity of 80 kWh, offering strong performance and range, SAIC said.
China's Ministry of Industry and Information Technology released a list of models that will be allowed to be sold in China for public comment last November 16, and the Buick Electra was included.
The Electra E5, which entered the catalog at the time, has a single electric motor with 180 kW of peak power and a top speed of 180 km per hour.
The Buick Electra E5 measures 4,892 mm in length, 1,905 mm in width and 1,655 mm in height, and has a wheelbase of 2,954 mm, the filing data show.
Its power battery is a ternary lithium battery, and the supplier is a joint venture between Chinese power battery giant CATL and SAIC.
The battery pack has a capacity of 68.4 kWh and will give the vehicle a CLTC range of 545 km.
Last December 19, Buick began warming up for the Electra E5, saying the model would be launched soon.
On December 28, Buick saw the first pilot vehicles of the Electra E5 roll off the line at the Ultium plant in Wuhan, Hubei province, central China.
Regulatory filing: Buick Electra all-electric SUV not far from launch in China
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New BYD e2 EV hatchback launched in China for 14,950 USD
The BYD e2 launched in China with 405 km of CLTC range and only 95 horses. It's aimed at families.
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NIO names its car rental service in China NIO Subscription
NIO upgraded the service a year ago, and more than 3,000 consumers have used it in the past year. | NIO US | NIO HK | NIO SG
(Image credit: NIO)
NIO (NYSE: NIO) first mentioned its vehicle rental service called NIO Subscription at its NIO Berlin European launch event last October.
Now the company appears to be using the same name for the service it offers in China to unify its brand image.
NIO marked the one-year anniversary of its upgraded vehicle rental service with a post on its mobile app today, and used the words "NIO Subscription" in a poster.
As a background, NIO has been offering car rentals for the past several years, but it hasn't received much attention, and on April 6, 2022, NIO upgraded the service.
In the previous car rental service offered by NIO, the monthly cost was fixed at RMB 9,888 ($1,440). In the upgraded service, each car is rented at a different price and the cost is reduced each month.
In the case of an ES6 SUV produced in 2020 with 34,000 kilometers on the road, a user can rent it for RMB 7,114 in the first month and RMB 6,661 in the 12th month, according to NIO's announcement last year.
This amount decreases month by month to RMB 4,684 in the 60th month.
Since the launch of the upgraded service, more than 3,000 consumers have experienced it, NIO said today.
To date, the service is available in 20 cities, including Shanghai, Beijing, Xi'an, Wuhan, Chengdu and Guangzhou, NIO said.
In 2023, the service will expand to an additional 10 cities, according to a poster by NIO.
($1 = RMB 6.8815)
NIO upgrades service that allows users to rent cars like software subscription
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This Oz EV Charger Generates Carbon Credits
After two years of planning and negotiations, a Whyalla veterinary surgery in South Australia has become the first to trial carbon credit generation from an EV fast charger Down Under. Evansa and Noodoe have teamed up with Whyalla Vets principal veterinarian Dr. Melville-Smith to create this innovative, sustainable income stream. More than an income stream […]
