Tagged: eV

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China's passenger NEV sales fell sharply in January, as subsidies for the purchase of NEVs were withdrawn, as well as under the influence of the Chinese New Year holiday.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.

($1 = RMB 6.8774)

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, 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.

Tesla delivers record 422,875 vehicles globally in Q1

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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.

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.

Hengchi 5 gets assisted driving capability days after Evergrande NEV warns of production halt risk-CnEVPost

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.

Hengchi 5 gets assisted driving capability days after Evergrande NEV warns of production halt risk-CnEVPost

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 gets assisted driving capability days after Evergrande NEV warns of production halt risk-CnEVPost

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.

($1 = RMB 6.8819)

Hengchi 5 gets assisted driving capability days after Evergrande NEV warns of production halt risk-CnEVPost

Evergrande NEV warns risks of production halt if it can't get additional liquidity

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Tesla reportedly to begin large-scale testing of FSD in China

will soon begin large-scale testing of FSD (Full ) in China, according to a report by Caixin on April 3.  TSLA.US

(A screenshot from the Tesla China website.)

Tesla (NASDAQ: TSLA), despite being a pioneer among electric vehicle (EV) makers in exploring autonomous driving, has been seen as slow to move in the space in China. Now, it looks like things are about to change.

Tesla is about to begin large-scale testing of FSD (Full Self-Driving) in China, local media outlet Caixin said in an April 3 report.

The story was a feature on and did not mention anything more about Tesla's FSD localization efforts in China.

Notably, this is the second time in a week that similar rumors have surfaced.

Tesla China will soon push out a major update to Autopilot, auto blogger Zheng Xiaokang, who has 532,000 followers on Weibo, said on March 27.

The blogger did not mention any more information, and in the comments section of his Weibo post, there was speculation that the update might be Tesla's vision-only V11 software.

All Tesla vehicles currently come with the free Basic Autopilot (BAP) software. In addition, Tesla offers Enhanced Autopilot (EAP), FSD software as an option.

EAP and FSD cost $6,000 and $15,000 in the US and RMB 32,000 ($4,650) and RMB 64,000 in China, respectively.

Tesla opened the EAP feature option in China on February 5, 2021, adding several features compared to BAP, including automatic assisted lane change, automatic parking, and smart summoning.

Tesla has made the EAP feature available free of charge to Chinese owners on holidays several times over the past two years, although the software has not won much praise.

The optional Tesla FSD capability has always been available, but Chinese consumers who have purchased the package have so far failed to get a significantly better experience than BAP.

In contrast, Tesla's Chinese counterparts are seeing tremendous progress with the assisted driving feature.

On March 31, (NYSE: XPEV) made its Tesla FSD-like advanced driver assistance aystem (ADAS) available for its flagship G9 and P7i models, though the capability still relies on high-precision maps for now. The feature was previously available on the P5 sedan.

XPeng plans to expand full lane-changing, overtaking and left/right turn functionality to major Chinese cities without high-precision maps in the second half of 2023, while full-scene ADAS is planned for 2024.

On February 20, (NYSE: NIO) began allowing all NT 2.0 platform models to trial NOP+ assisted driving software, which enables a point-to-point assisted driving experience on highways as well as urban expressway scenarios.

($1 = RMB 6.8822)

Tesla rumored to push major Autopilot update in China soon

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XPeng upgrades over 160 charging stations with S4 ultra-fast chargers

now has more than 1,000 of self-operated charging stations in China, including 186 S4 ultra-fast charging stations.  |  XPeng US | XPeng HK

(Image credit: XPeng)

XPeng (NYSE: XPEV) already has nearly 200 charging stations equipped with the latest S4 ultra-fast chargers, after the first such facility was built last August.

XPeng launched its charging station upgrade program this year and has so far completed upgrades of more than 160 stations with S4 ultra-fast charging capability, according to a WeChat post from the company today.

The station upgrades cover 91 cities in China, and S4 ultra-fast charging capability refers to charging piles with a maximum output of 360 kW and 480 kW.

Including the new S4 charging stations, XPeng has now put 186 ultra-fast charging stations into operation in China, it said.

XPeng's charging network added 349 third-party charging stations in the first quarter, and they are able to serve the company's vehicle owners for free, the company said.

As of April 1, XPeng's charging network had a cumulative total of more than 2,200 charging stations, including more than 1,000 that the company operates itself.

XPeng said it will continue to expand its S4 ultra-fast charging network and expects to add about 500 S4 ultra-fast charging-capable stations in 2023.

The company completed its first S4 ultra-fast charging station on August 15, 2022, its 1,000th self-operated charging station.

The charging station has a maximum power of 480 kW, a maximum current of 670 A and a peak charging power of 400 kW.

XPeng's flagship SUV, the G9, was able to get a CLTC range of 210 km in 5 minutes when using this S4 ultra-fast charging station, as shown in a real-world test displayed by the company.

For comparison, 's V3 supercharger has a maximum power of 250 kW and a maximum current of 631 A, and can get a range of 150 km in as little as 5 minutes.

XPeng expects to add more than 500 S4 ultra-fast charging stations in 2023, and the number will exceed 2,000 by 2025, the company said at its G9 launch event last September 21.

XPeng sees new milestone in autonomous driving, rolls out Tesla FSD-like assisted driving capability to 2 flagship models

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Tesla’s lower-priced model coming with planned annual capacity of 4 million units, report says

's lower-priced model will be a smaller version of the Model Y, and the EV maker is building a capacity plan for it of up to 4 million units a year, a new report said.

(Image credit: CnEVPost)

Tesla (NASDAQ: TSLA) is planning capacity for a lower-priced model, though it's not the one previously rumored to be priced at $25,000, according to a new report.

The model will be a smaller version of the Model Y, for which Tesla is building an annual capacity plan of up to 4 million units, Chinese media outlet 36kr said in a report today, citing sources.

This is an early capacity strategy, and Tesla is signaling to the industry chain that the 4 million units of capacity will be spread across its factories located around the world, according to the report.

Tesla's North American plants will take on 2 million units of capacity, with the Monterrey, Mexico, plant providing the bulk of the capacity. Its factories in Berlin, Germany, and Shanghai will each take on 1 million units, the report said.

Tesla CEO Elon Musk said at the company's 2020 Battery Day that electric vehicles priced at $25,000 will be possible by 2023.

Although rumors of the lower-priced model have popped up from time to time over the past few years, it has never become a reality.

For an electric vehicle with a range of no less than 400 kilometers and a mainstream smart driving suite, material costs are extremely difficult to get below RMB 150,000 ($25,000), the 36kr report said, citing an engineer from a local car company.

Depending on the factory's construction schedule, mass production of Tesla's $25,000 model may not come soon, at least more than a year away, the report said, citing a source.

If Tesla can bring the price of its electric vehicles down to slightly more than RMB 100,000, not only will it gain significant market share for itself, but it will also be a huge push for the maturation of the industry chain, an industry source said, adding that this is when the smart electric vehicle industry will see drastic changes.

Tesla delivered 422,875 units worldwide in the first quarter, up 36.39 percent from 310,048 units in the same period last year and up 4.34 percent from 405,278 units delivered in the fourth quarter, according to its announcement on April 2.

Tesla Model 3 and Model Y delivered 412,180 units worldwide in the quarter, and Model S and Model X were 10,695 units.

In China, Tesla has a factory in Shanghai that produces the Model 3 and Model Y. It is the largest Tesla factory in the world, with an annual capacity of about 1.1 million units per year.

Tesla does not reveal its deliveries in China, although the China Passenger Car Association (CPCA) publishes these numbers every month.

Tesla's deliveries in China in January and February were 26,843 and 33,923, respectively, and its Shanghai plant exported 39,208 and 40,479 units in the two months, according to the CPCA. March figures are expected to be available in the next few days.

Tesla CEO Elon Musk planning visit to China, report says

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Meituan CEO Wang Xing cuts holdings in Li Auto

Wang Xing has cashed out HK$420 million in the past half month by cutting his stake in , but remains the NEV maker's largest external shareholder.  |  Li Auto US | Li Auto HK

Li Auto's (NASDAQ: LI) largest external shareholder is cutting holdings as the new energy vehicle (NEV) maker continues to see strong delivery performance.

Wang Xing, co-founder and CEO of Chinese food delivery giant Meituan, has cut his stake in Li Auto's Hong Kong-traded shares six times in the past half month and cut his holdings in the automaker's US-traded ADRs three times, according to a Hong Kong Stock Exchange document.

Since March 21, Wang has cashed in about HK$310 million from his cuts in Li Auto's Hong Kong shares and about $14.07 million ($110 million) from his cuts in the automaker's ADRs, for a total of about HK$420 million.

Wang, a non-executive director of Li Auto, saw his stake in Li Auto drop to 22.35 percent after those reductions, still the automaker's top outside shareholder.

After Wang's move generated a lot of attention, Li Auto tried to downplay it.

It was a personal move by Wang, representing a very small percentage of his stake in Li Auto and not involving Meituan's holdings, local media Cailian reported yesterday, citing a response from the carmaker.

It is worth noting that Wang also reduced his stake in Li Auto several times at the end of March last year.

On March 29 and March 30, 2022, Wang cashed in about HK$210 million by reducing his holdings in Li Auto's Hong Kong and US shares.

Wang was one of the earliest backers of Li Auto, leading the car company's Series C funding round in 2019 with a personal contribution of up to $285 million.

In June 2020, Li Auto received $550 million in Series D funding, $500 million of which was led by Meituan.

At the time of Li Auto's US IPO, Meituan subscribed $300 million and Wang personally subscribed $30 million.

Wang and the entities he controls own a total of 22.82 percent of Li Auto, the automaker's 2022 interim report showed.

Li Auto delivered 20,823 vehicles in March, the second time it has exceeded 20,000 after last December, figures it released on April 1 showed.

The deliveries were the second highest for a single month since Li Auto's inception, after a record high of 21,233 vehicles last December.

Li Auto delivered 52,584 vehicles in the first quarter, up 65.8 percent year-on-year and up 13.53 percent from the fourth quarter of last year.

Li Auto was down 3.85 percent to HK$93.7 in Hong Kong at press time. The company is up about 11 percent so far this year in Hong Kong.

($1 = HK$7.8490)

Li Auto delivers 20,823 vehicles in Mar, up 25% from Feb

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