Tagged: eV

Denza could see monthly sales of over 20,000 units this year, exec says

Denza's new SUV model N7, which is being pre-sold, is expected to receive more than 6,000 new orders this month and is on track to reach 30,000 orders before its official launch, the brand's chief said.

Denza could see monthly sales of over 20,000 units this year, exec says-CnEVPost

Denza, a joint venture between BYD (OTCMKTS: BYDDY) and Mercedes-Benz, has become one of the most talked-about EV brands in China, after BYD took a majority stake last year.

Denza has a chance to see monthly sales of more than 20,000 units this year, Zhao Changjiang, general manager of the company's sales division, said on Weibo late last night.

Denza's first model after the rebranding, the Denza D9 MPV, could see additional orders of 13,000 to 15,000 units this month, according to Zhao.

Denza's new SUV, the N7, which is on pre-sale, is expected to receive more than 6,000 new orders this month and is expected to reach 30,000 orders before its official launch, Zhao said

About 20 percent of the customers who pre-ordered the Denza N7 are D9 owners, he said.

The Denza N7 is a car that is two generations ahead of the industry and will start to show its true capabilities, Zhao said, adding that Denza will hold road shows about the model in Beijing starting May 12.

Denza will also be announcing the interior of the N8 in the near future, and people who like to go off-road as well as those who want to balance family can keep an eye on it, he said.

Denza was established in February 2011 as a joint venture between BYD and Daimler, each of whom held a 50 percent stake at the time. Last year, BYD's stake in Denza was increased to 90 percent.

Denza's only model currently on sale, the D9, went on sale on August 23, 2022, with deliveries starting on October 26.

The N7 is the second model after its rebranding, for which Denza already started warming up two months ago.

The Denza N7 has inspired a high level of enthusiasm, and with the announcement of Denza's partnership with French high-end audio brand Devialet on March 22, the number of daily customer inquiries has been particularly high, Zhao said on Weibo on March 26.

There are many customers who want to get the Denza N7 launched as soon as possible, and according to the inquiry volume data, the model is expected to get 30,000 orders before its launch in the middle of the year, Zhao said at the time.

Earlier in February, Zhao said the Denza N7 would be launched in the first half of this year.

Denza opened reservations for the N7 on the first day of the Shanghai auto show on April 18, but notably, its pricing information was not released.

On April 25, Denza announced that the Denza N7 has received 10,569 pre-orders, just 7 days after pre-orders open.

Denza sold 10,526 vehicles in April, the second consecutive month in which it exceeded 10,000 units, according to figures it announced earlier this month.

Regulatory filing: Here are core specs for BYD's Denza brand's new SUV, Denza N7

The post Denza could see monthly sales of over 20,000 units this year, exec says appeared first on CnEVPost.

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Introducing CnEVData: CnEVPost’s new platform for sharing data

CnEVData is essentially the database used internally by the CnEVPost team, containing data that the team uses for day-to-day reporting, as well as more data not covered by the reporting.

At CnEVPost, a large amount of our coverage is data-based, which has allowed us to accumulate a large database over the past few years.

Now, we have decided to share the raw data, hence CnEVData (https://cnevdata.com/).

To be clear, CnEVData is a new, independent, membership-based website, as collecting and compiling all the data requires a lot of extra work.

The site's membership system is Patreon based, and you can only view the details of the data if you become a patron.

What do you get?

A quick glance at the home page of CnEVData.com will give you a rough idea of what data you can get.

Introducing CnEVData: CnEVPost's new platform for sharing data-CnEVPost

Sales data

CnEVData provides raw data in table form about the delivery volumes of the automakers covered by CnEVPost.

You can also see sales data about many other automakers, such as SAIC and Seres Group, that CnEVPost does not cover with articles.

In addition, the China Passenger Car Association (CPCA) publishes weekly sales data for the Chinese auto industry. You will also be able to see tables that we share based on these data.

We also share the weekly insurance registration data we obtain. However, because there is no uniform official distribution channel for this data, we will not be able to provide them when they are not available on public channels.

Key specs of new EV models

CnEVPost's reports cover the release of major new EV models and comparisons of key specifications between different models.

We have collected a lot of model specification information in the past and is now sharing them in a unified format now at CnEVData.

You can already see the model specification information of several EV makers covered by CnEVPost now. We are compiling the specifications of dozens of other models based on a unified format and will gradually share them.

EV industry chain data

CnEVPost's coverage is centered on EV makers and extends to their supply chain.

Over the past two years, raw material prices have been one of the main concerns, especially lithium carbonate prices.

We will update the data in CnEVData as soon as daily lithium carbonate quotes are available.

In the future, it is likely that other raw materials will be of more interest, such as nickel or sodium, and you will be able to see new data from us at that time as well.

Overall state of China auto industry

In the same way that people understand the macroeconomy by looking at data such as GDP, CPI, PMI, etc., there are a lot of similar data available for the Chinese automotive industry to understand the overall industry.

The CPCA and the China Association of Automobile Manufacturers (CAAM) publish monthly sales data similar to what GDP is to the macroeconomy.

In addition to sales data, they also publish data including monthly vehicle consumption indices, inventory indices, capacity utilization rates, recall numbers, and regional data for some cities.

Much of this data is not newsworthy, so you probably won't see it on CnEVPost. But for industry watchers, they may be important, so you will be able to see it on CnEVData.

More others

What CnEVData is currently sharing is our first step in starting a new endeavor.

Over time, you should see more and better data coverage.

The post Introducing CnEVData: CnEVPost's new platform for sharing data appeared first on CnEVPost.

For more articles, please visit CnEVPost.

China Apr NEV retail down 3% from Mar, preliminary CPCA data show

China's retail sales of passenger NEVs in April were 529,000 units, up 87 percent year-on-year, but down 3 percent from March, according to the CPCA.

China Apr NEV retail down 3% from Mar, preliminary CPCA data show-CnEVPost

China's new energy passenger car retail sales in April were 529,000 units, up 87 percent year-on-year, but down 3 percent from March, according to preliminary data released today by the China Passenger Car Association (CPCA).

Notably, the CPCA's estimate released on April 25 showed that retail sales of new energy passenger vehicles in China were expected to be around 500,000 units in April.

The higher figure released today means that the NEV market performed better in the last week of April than the CPCA expected at the time.

From January to April, retail sales of new energy passenger vehicles in China were 1.85 million units, up 37 percent year-on-year, the CPCA said.

Wholesale sales of new energy passenger vehicles in China were 600,000 units in April, up 105 percent year-on-year but down 4 percent from the previous month.

From January to April, wholesale sales of new energy passenger vehicles in China were 2.1 million units, up 42 percent year-on-year.

Retail sales of all passenger vehicles in China were 1.65 million units in April, up 58 percent year-on-year and up 4 percent from March, according to the CPCA.

This means that the penetration of new energy passenger vehicles at retail in April was 32 percent, down from 34.2 percent in March.

From January to April, retail sales of all passenger vehicles in China were 5.94 million units, unchanged from the same period last year.

Wholesale sales of passenger vehicles in China were 1.78 million units in April, up 87 percent from a year ago but down 10 percent from March.

From January to April, China's wholesale sales of passenger cars were 6.85 million units, up 7 percent from a year ago.

This means that in the first four months, China's auto market performed largely in line with the same period last year. This is not a good result, considering the sporadic outbreak of Covid in the first quarter of last year and the impact of the lockdown in Shanghai in April on the sector.

April sales were low and the production pace slowed, largely because many car companies were waiting to see if vehicles based on older emissions standards would be allowed to be sold for an extended period of time, according to the CPCA.

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

Average daily retail sales of passenger vehicles in the first week of April were 37,000 units, up 47 percent year-on-year and up 8 percent from the same period in March.

Average daily sales for the second week of April were 48,000 units, up 81 percent year-on-year and up 24 percent over the same period in March.

Average daily sales for the third week of April were 57,000 units, up 93 percent year-on-year and up 31 percent over the same period in March.

Average daily sales for the fourth week of April were 81,000 units, up 40 percent year-on-year but down 4 percent from the same period in March.

China to allow extended sales periods for ICE models based on existing emissions standard, report says

The post China Apr NEV retail down 3% from Mar, preliminary CPCA data show appeared first on CnEVPost.

For more articles, please visit CnEVPost.

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