New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Some of the important things to have happened to BYD in August. With 174k deliveries, we are now up to 974k for the year. Which mean, we will hit close to 1.9 million if they manage to ramp up to 280k a month by December. Again, there were some slowdown with Tang and possibly other lines in August due to lines shutting down for getting major upgrades.
From what I can see, the big capacity jump in September will come from ramp up on Xi'an's 3rd production line and Hefei production line and increases at Changsha. Also, Jinan and Zhengzhou should start production before end of the year. I'm not sure when that will be.
In export market, the following happened in August.
on Aug 2nd, Australia Brisbane hosted Atto 3 release party. Starting delivery of Atto 3 in August and will add 4 models: Dolphin, Seal, Sea Lion and electric Pickup over the next 2 years.
Aug 8th, BYD entered Thailand with Atto 3. Planning 31 stores in 2022 and 60 to 70 stores by 2023. Starting October, BYD's many stores in Thailand will start work. The JV in Thailand was formed on Aug 17th and will start production in 2024. I believe BYD will supply the parts and the JV is in charge of assembly work and possibly more.
Aug 11th, IN the 35th Latam Bus transpublico, BYD announced that they will register Yuan+, Dolphin in Brazil as well as Qin+ DM-i and Song+ DM-i. These products will be launched in the market in Q4.
Aug 13th, BYD launches Yuan+ in Cambodia. Will also launch Han EV, Tang EV, Song+ DM-i and E2.
Aug 19th, BYD signed agreement to do local assembly of cars in Uzebekistan with UzAuto. As discussed in infrastructure thread, Uzebekistan is increasingly becoming an important part of China's Central Asian strategy China's infrastructure projects and strategic implications. As such, it's an important thing to be able to do local production here. I would imagine locally assembled BYD cars will be exported to Russia and other Central Asian countries. Transportation from a place like Uzebekistan to Russia/Central Asia is more conveninet than from Xi'an or Shenzhen.
End of August, BYD announces pushing Han, Tang and Yuan+ to Europe. Will display in Paris motor show.
So far this year have exported 15,013. Goal is to surpass 10k per month of export by Q4. I expect news about official India launch to happen very soon. Seems like brazil news will come too.
From what I can see, the big capacity jump in September will come from ramp up on Xi'an's 3rd production line and Hefei production line and increases at Changsha. Also, Jinan and Zhengzhou should start production before end of the year. I'm not sure when that will be.
In export market, the following happened in August.
on Aug 2nd, Australia Brisbane hosted Atto 3 release party. Starting delivery of Atto 3 in August and will add 4 models: Dolphin, Seal, Sea Lion and electric Pickup over the next 2 years.
Aug 8th, BYD entered Thailand with Atto 3. Planning 31 stores in 2022 and 60 to 70 stores by 2023. Starting October, BYD's many stores in Thailand will start work. The JV in Thailand was formed on Aug 17th and will start production in 2024. I believe BYD will supply the parts and the JV is in charge of assembly work and possibly more.
Aug 11th, IN the 35th Latam Bus transpublico, BYD announced that they will register Yuan+, Dolphin in Brazil as well as Qin+ DM-i and Song+ DM-i. These products will be launched in the market in Q4.
Aug 13th, BYD launches Yuan+ in Cambodia. Will also launch Han EV, Tang EV, Song+ DM-i and E2.
Aug 19th, BYD signed agreement to do local assembly of cars in Uzebekistan with UzAuto. As discussed in infrastructure thread, Uzebekistan is increasingly becoming an important part of China's Central Asian strategy China's infrastructure projects and strategic implications. As such, it's an important thing to be able to do local production here. I would imagine locally assembled BYD cars will be exported to Russia and other Central Asian countries. Transportation from a place like Uzebekistan to Russia/Central Asia is more conveninet than from Xi'an or Shenzhen.
End of August, BYD announces pushing Han, Tang and Yuan+ to Europe. Will display in Paris motor show.
So far this year have exported 15,013. Goal is to surpass 10k per month of export by Q4. I expect news about official India launch to happen very soon. Seems like brazil news will come too.
90 Olectra/BYD trucks getting delivered to Pune
As discussed in the last couple of weeks, BYD is planning to enter India and with semi-knock down assembly at its factory in Chennai. Maybe this will allow them to sell in India without government harassment. By the way, 30 lakh INR is about 37k USD. So, a little more expensive than pricing in Australia/New Zealand, but that's probably due to tariffs.
so far, they are selling about 75 E6 per month. It seems to me that something like Dolphin or Sea Gull would be more appropriate for India.
As discussed in the last couple of weeks, BYD is planning to enter India and with semi-knock down assembly at its factory in Chennai. Maybe this will allow them to sell in India without government harassment. By the way, 30 lakh INR is about 37k USD. So, a little more expensive than pricing in Australia/New Zealand, but that's probably due to tariffs.
so far, they are selling about 75 E6 per month. It seems to me that something like Dolphin or Sea Gull would be more appropriate for India.
supercat
Major
I remember LG Energy Solution announced that they would be the largest NEV battery makers in the near future. But BYD overtakes them to become the world's number 2 battery maker in July.
China is projected to sell 625,000 passenger NEVs in August. So Wang Chuanfu didn't exaggerate that China would sell 9-10 million (40% penetration rate) NEVs next year.
Denza expects to deliver 10,000 D9 a month by December.
China should do this for all of China, not only Beijing.
China is projected to sell 625,000 passenger NEVs in August. So Wang Chuanfu didn't exaggerate that China would sell 9-10 million (40% penetration rate) NEVs next year.
Denza expects to deliver 10,000 D9 a month by December.
China should do this for all of China, not only Beijing.
Why would you take what LG say seriously? LG/Panasonic really only have the American market right now due to geopolitical issues.
Basically, any EVs produced by Western companies for APAC region are going to be produced in China with Chinese batteries. The vast/vast majority of EVs produced in Europe will be using Chinese batteries also. Most of Tesla's production from Gigashanghai are going to export market pretty soon. So, the Koreans can thank their lucky stars that they can at least still supply GM/Ford. Although, I'm really not sure how much longer GM can stick around with their very stupid CEO.
That's the wrong way to look at things. All the local government are looking to get into EVs. These training programs don't work unless people are working with an actual automaker that's producing smart cars. If I were Beijing gov't, I'd call in Wang Chunfu and see what's needed to get BYD to open up R&D centers into Beijing with cooperation with Qinghua University. Maybe they need to place a big order for BYD buses/trucks and for a skyshuttle line. Who knows. There is no shortage of provincial gov't lining up outside of BYD door.
Some more news.
BYD's Changzhou plant has now produced 94k cars since going into production in January. In the past 6 months, the produced 90k cars, so 15k a month. Most recently, it hit 20k cars in August. The original phase 1 production rate for Changzhou is 200k a year, so they've basically fully ramped up (and a lit more) in the space of 7 months.
They are about to hit 1 million car produced in 2022 over the next couple of days. It will be a song+ DM-i.
For domestic NEV sale in August
BYD was #1
SAIC Wuling was #2
Geely was #3
Tesla hit 77k for August, but more than half of that was exported.
Domestic Production numbers looked like
BYD 174k
Tesla 77k
SAIC Wuling 52.6k
Geely 36k
GAC Aion 27k
Chery 26k
So despite the hype from NIO/Xpeng, it's the companies that have years of production experience/capacity like SAIC, Geely and Chery that have produced the most number of EVs.
HK's Yuan+ has seen price increase. Up to 322.4k HKD for standard model and 378.2k HKD for long range model.
BYD's Changzhou plant has now produced 94k cars since going into production in January. In the past 6 months, the produced 90k cars, so 15k a month. Most recently, it hit 20k cars in August. The original phase 1 production rate for Changzhou is 200k a year, so they've basically fully ramped up (and a lit more) in the space of 7 months.
They are about to hit 1 million car produced in 2022 over the next couple of days. It will be a song+ DM-i.
For domestic NEV sale in August
BYD was #1
SAIC Wuling was #2
Geely was #3
Tesla hit 77k for August, but more than half of that was exported.
Domestic Production numbers looked like
BYD 174k
Tesla 77k
SAIC Wuling 52.6k
Geely 36k
GAC Aion 27k
Chery 26k
So despite the hype from NIO/Xpeng, it's the companies that have years of production experience/capacity like SAIC, Geely and Chery that have produced the most number of EVs.
HK's Yuan+ has seen price increase. Up to 322.4k HKD for standard model and 378.2k HKD for long range model.
The Chinese battery makers have all seen big gains.
CATL from 32.6% in 2021 to 33.5%
BYD doubled from 8.8% to 16.2%
CALB also doubled from 2.7% to 5.4%
Gotion from 2.1% to 3.8%
SVOLT from 1% to 1.4%
Beijing seems like a lost cause ATM. BAIC is a failing company barely held up by the Beijing Benz joint venture. Li Auto is hq-ed in Beijing but produces in Changzhou. Can't think of any other companies in Beijing
For some reason northern china is not good at producing cars. Brilliance Auto is also getting absorbed by BMW, while FAW is hanging on by a thread from their Hongqi marque. Only one left that's half decent is GWM.
Buffett is losing big on selling byd shares. BYD share price has tumbled from HK$330 to HK$216. He has lost 1/3 of his profits, but he probably bought the shares at about $10.
Wait a year before making a conclusion. Next thing you know he buys even more shares at the lower price he created.