New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Guiyang Fudi battery factory phase 2 is completing construction. It will start production in April of next year. First phase was 15 GWh, so is second phase.
Similarly, Xiangyang(襄阳) Fudi battery factory phase 1 will start production on December 15th for 30 GWh. By May, all 16 production lines (including for external customers) will be in production.
Similarly, Xiangyang(襄阳) Fudi battery factory phase 1 will start production on December 15th for 30 GWh. By May, all 16 production lines (including for external customers) will be in production.
BYD Japan announces pricing of Atto 3 to be 4.4 million JPY (around $32000) to be on sale starting Jan 31st. Will open up 22 store by late January. Will start selling Dolphin in Mid 2023 and Seal in second half of 2023. This version will have 58.56 KWh battery pack and 485 km WLTC range.
Lethe
Captain
845 BYD Atto 3s were in Australia in November, making it the #2 selling EV during the period, behind the dominant Tesla Model Y. Between the extended delivery pause to allow for regulatory compliance, and with how dynamic the data typically is with any new brand/vehicle (i.e. pent-up vs. ongoing demand), I wouldn't pay too much attention to the details yet. The important thing is that it seems the brand is indeed "off the ground".
In terms of other Chinese brands in Australia, MG seems to have locked in #7 position in annual sales, improving on 2021's #9 finish which was the first time a Chinese brand had entered the Top 10. Unfortunately the jump from #7 to #6 (currently Ford) is close to 50% so even if MG continues to do well these next few years, they probably won't move further up the rankings for some time.
GWM is neck-and-neck with BMW for positions #13 and #14. Growth is solid but less spectacular than MG. Aim to crack the Top 10 within the next five years? Introduction of Ora, Tank brands will be crucial to this. Other brands in the vicinity are Suzuki, Mercedes-Benz, Nissan, Volkswagen.
LDV is #17, having surpassed Honda, which really says more about Honda in Australia than it does LDV. With limited product portfolio, I can't see that position changing for a few years either. LDV has recently announced Australia's first electric ute, the eT60, but the price is high enough to make it a . The most popular theory is that LDV plan to sell a mere handful of these vehicles for local government fleets that are cavalier with funds and looking to boost their eco-credentials. Though, the lack of an ANCAP safety rating is going to make that difficult.
Not relevant to China, but Toyota continues to rule this country with an iron first. Mazda is still clinging on to #2 position though I don't know how long they can sustain that given their lacklustre-to-nonexistent offerings in the hybrid/PHEV/EV space. Kia will likely finish the year in #3 position, ahead of Hyundai for the first time. I suspect that Kia and Hyundai are but a solid ute offering away from challenging Mazda for the #2 spot.
In terms of other Chinese brands in Australia, MG seems to have locked in #7 position in annual sales, improving on 2021's #9 finish which was the first time a Chinese brand had entered the Top 10. Unfortunately the jump from #7 to #6 (currently Ford) is close to 50% so even if MG continues to do well these next few years, they probably won't move further up the rankings for some time.
GWM is neck-and-neck with BMW for positions #13 and #14. Growth is solid but less spectacular than MG. Aim to crack the Top 10 within the next five years? Introduction of Ora, Tank brands will be crucial to this. Other brands in the vicinity are Suzuki, Mercedes-Benz, Nissan, Volkswagen.
LDV is #17, having surpassed Honda, which really says more about Honda in Australia than it does LDV. With limited product portfolio, I can't see that position changing for a few years either. LDV has recently announced Australia's first electric ute, the eT60, but the price is high enough to make it a . The most popular theory is that LDV plan to sell a mere handful of these vehicles for local government fleets that are cavalier with funds and looking to boost their eco-credentials. Though, the lack of an ANCAP safety rating is going to make that difficult.
Not relevant to China, but Toyota continues to rule this country with an iron first. Mazda is still clinging on to #2 position though I don't know how long they can sustain that given their lacklustre-to-nonexistent offerings in the hybrid/PHEV/EV space. Kia will likely finish the year in #3 position, ahead of Hyundai for the first time. I suspect that Kia and Hyundai are but a solid ute offering away from challenging Mazda for the #2 spot.
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BYD's latest 4 PCTC orders are for 9400 cars rather than 7000 cars s in the first 2 orders.
But that's just an initial dive. It still needs to rely on COSCO shipping for export deliveries and has set up special working group to more safely and efficiently send out its exports.
Australian deliveries in November were down due to the stop order for the baby car seat issue. Just 845 sold thus far. The electric viking is still complaining about it. But the numbers should go up in December I think.
oldish news, BYD dolphin in Colombia. Yuan+ was released there a few months ago. Colombia is one of their earlier Latin American markets.
Tesla cutting back production. Not a surprise if you've seen them struggling to use price cuts and incentives to get people to buy.
Tesla can probably comfortably sell 50k a month in China. Once it gets past that, its cars just lose the trendiness with the mass market. I mean the BYD default EV position hurts more than just other Chinese EV makers, but also Tesla.
But that's just an initial dive. It still needs to rely on COSCO shipping for export deliveries and has set up special working group to more safely and efficiently send out its exports.
Australian deliveries in November were down due to the stop order for the baby car seat issue. Just 845 sold thus far. The electric viking is still complaining about it. But the numbers should go up in December I think.
oldish news, BYD dolphin in Colombia. Yuan+ was released there a few months ago. Colombia is one of their earlier Latin American markets.
Tesla cutting back production. Not a surprise if you've seen them struggling to use price cuts and incentives to get people to buy.
Tesla can probably comfortably sell 50k a month in China. Once it gets past that, its cars just lose the trendiness with the mass market. I mean the BYD default EV position hurts more than just other Chinese EV makers, but also Tesla.
supercat
Major
If you count by model, Atto 3 is the best seller in Israel in November.
Record number of NEV sales in Nov, 71% increase YoY, 8% increase MoM:
BYD regained the 2nd place in the global share of battery-manufacturing in Nov.
The Electric Viking feels the chill:
The run rate puts CATL+BYD > 50%. And I see BYD margin expansion as it continues to grow its production capacity. That is a killer combo in any growth industry. I can see BYD cracking 200B USD market cap in a year or two. In the next 3 to 5 years, if BYD is less than half of TSLA in market caps, there would be serious problems in global capital markets.
They can cut prices and then export worldwide from Shanghai. But they will be facing competition from Nio and BYD worldwide.