Author: Lei Kang/CnEVPost

China Electric eMobility eV Neta Neta Malaysia Neta V

Neta taps into Malaysian EV market with local launch of Neta V

Post author By Lei Kang/CnEVPost
Post date May 12, 2023

Prior to entering Malaysia, Neta's efforts in Southeast Asia focused on Thailand and began construction of a Thai factory in March.

Neta taps into Malaysian EV market with local launch of Neta V-CnEVPost

(Image credit: Neta)

Neta Auto, the electric vehicle (EV) brand of Hozon Auto, has entered Malaysia as it ramps up its efforts to expand into the Southeast Asian EV market.

Neta recently officially launched the right-hand drive version of its compact SUV Neta V for local consumers at Malaysia's largest auto show, according to a press release from the company yesterday.

Several Malaysian government officials attended the Neta V launch, according to Neta, whose press release did not announce a local price or expected delivery schedule for the model.

Neta taps into Malaysian EV market with local launch of Neta V-CnEVPost

Neta has been seen as a budget EV maker since its inception, as its vehicles are priced primarily for the lower-end market.

The Neta V and Neta U are priced in China at around 100,000 yuan ($14,390) to 150,000 yuan. The company is looking to enter the higher end of the market in China with the higher-priced Neta S flagship sedan.

Neta taps into Malaysian EV market with local launch of Neta V-CnEVPost

Prior to entering Malaysia, Neta's efforts in Southeast Asia were focused on Thailand.

On August 24, 2022, the right-hand drive version of the Neta V was launched in Thailand, its first model offered there.

On March 10 this year, Neta laid the foundation stone for its plant in Bangkok, Thailand, which will be its main manufacturing base for building right-hand-drive EVs for export to ASEAN.

The plant, Neta's first overseas plant, will have a capacity of 20,000 units/year when completed and is expected to be operational by the end of January 2024.

Neta plans to expand its overseas business to more regions such as the Middle East and the European Union, making it a brand recognized and trusted by consumers around the world, said Zhang Yong, co-founder and CEO of the company, at the groundbreaking ceremony for the Thai plant.

To date, Neta already has a European division, a Thai subsidiary and has launched three products for overseas markets, including the Neta V right-hand drive version, it said in the press release yesterday.

Neta delivered 11,080 vehicles in April, which was up 25.72 percent from 8,813 units in the same month last year and up 9.84 percent from 10,087 units in March, the company announced on May 1.

The flagship Neta S delivered 2,237 units in April, up 1.41 percent from 2,206 units in March, according to the company.

Neta has a sales target of 300,000 units in 2023, local media China Securities Journal reported on February 7.

The EV maker sold 152,073 units in 2022, up 118 percent year-on-year, including 3,456 units delivered overseas, according to data it previously announced.

($1 = RMB 6.9487)

Neta sending 3,600 EVs to Thailand

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BYD China Electric eMobility eV Smart Driving Tesla

BYD’s Tesla FSD-like feature said to be available in Q3

Post author By Lei Kang/CnEVPost
Post date May 11, 2023

BYD's advanced driver-assistance system, called DNP, will be available on the new Han sedan in the third quarter, according to local media.

(Image credit: CnEVPost)

BYD (OTCMKTS: BYDDY) is a rare exception in China's electric vehicle (EV) space, not marketing its assisted driving capabilities much.

While this seems to have had no impact on its sales, it has left some with the impression that it lags behind in smart driving technology.

Now, a new report said BYD actually has technology built up in this area and will launch a feature similar to Tesla's FSD (Full Self-Driving) later this year.

BYD's advanced driver-assistance system will be available on the new Han sedan in the third quarter, giving the model the ability of pilot-assisted driving on the highway, local auto media HiEV said in a report today.

BYD's system is called DNP, and after the Han, it will also be available for some models of the Tang and Song of the Dynasty series, according to the report.

In addition to these models, BYD's higher-positioned brands including Denza, F brand and Yangwang will also be equipped with advanced smart driving features, the report said.

The first BYD advanced assisted driving solution available for Han models will be based on the Journey 5 chip from local chipmaker Horizon Robotics, according to the report.

Horizon Robotics is a leading provider of intelligent driving system solutions in China, and Li Auto is using its chips in some of its models, and use Nvidia chips in others.

Some models of BYD's Dynasty and Ocean series will also use the Nvidia DRIVE Orin computing platform to create assisted driving systems, the HiEV report noted.

On March 23, BYD announced a partnership with Nvidia on smart driving technology to equip some of its NEVs with the Nvidia DRIVE Hyperion platform for smart driving and smart parking of vehicles starting in the first half of 2023, as previously reported by CnEVPost.

Notably, on December 27 last year, BYD announced that it had established a joint venture with autonomous driving unicorn Momenta, officially kicking off a long-term partnership between the two companies to develop high-level intelligent driving technology.

Momenta, an industry-leading autonomous driving company, will further boost BYD's rapid breakthrough and mass production in the field of intelligent driving, BYD's announcement at the time said.

The high trim version of Denza N7 is equipped with city pilot assisted driving function, with 2 RoboSense LiDARs and an Nvidia Orin X chip, with some of the system's algorithms provided by Momenta, according to HiEV's report today.

The Denza N7 will have basic L2 assisted driving features when it goes on sale in June, with other more advanced features to be released later, the report said, citing a Denza insider.

For the Yangwang brand, which is positioned above Denza, its first model, the U8, is equipped with three LiDARs, while the autonomous driving computing platform uses an Nvidia Orin chip, according to the report.

The Yangwang U8 is priced similarly to the Lotus Eletre with its smart driving solution, and both will have highway as well as city road pilot-assisted driving capabilities, the report said.

Earlier today, another local media outlet, 36kr, reported that BYD's smart driving R&D system is rapidly adjusting and the company is planning to conduct its own smart driving chip design.

While BYD's existing models are currently largely dependent on solutions from external suppliers, including Baidu, Huawei and Momenta, the NEV maker is already accelerating its focus on smart driving, the 36kr report said.

BYD ramps up smart driving R&D efforts, forms chip design team, report says

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Tags Li Auto, Tesla

Battery Data Battery News BYD CABIA CALB CATL China Electric eMobility eV Gotion High-Tech LFP Batteries Monthly Data Ternary Batteries

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market

Post author By Lei Kang/CnEVPost
Post date May 11, 2023

BYD returned to the top spot in the LFP battery market with a 42.68 percent share in April, overtaking CATL's 33.65 percent.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

CATL overtook BYD (OTCMKTS: BYDDY) in China's lithium iron phosphate (LFP) battery market in March for the first time this year. Now, the latter has regained its top spot.

China's power battery installed base in April was 25.1 GWh, up 89.4 percent year-on-year but down 9.5 percent from March, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

CATL's power battery installed base in April was 10.26 GWh, ranking first with a 40.83 percent share, down from 44.95 percent in March.

BYD installed 7.32 GWh of power batteries in April, ranking second with a 29.11 percent share, up 2.46 percentage points from March's 26.65 percent.

CALB installed 2.20 GWh of power batteries in April, ranking third with a share of 8.74 percent, down 1.54 percentage points from 10.28 percent in March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

Eve Energy overtook Gotion High-tech to rank No. 4 with 1.38 GWh of installed base and 5.48 percent share.

Gotion High-tech ranked 5th with 1.18 GWh installed in April and a 4.68 percent share. It ranked 4th with a 4.51 percent share in March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

China's ternary Li-ion battery installed base in April was 8.0 GWh, accounting for 31.8 percent of total installed base, up 83.5 percent year-on-year but down 8.3 percent from March.

The installed base of LFP batteries was 17.1 GWh, accounting for 68.1 percent of the total, up 92.7 percent year-on-year but down 10.0 percent from March.

China EV battery installations in Apr: BYD regains top spot over CATL in LFP market-CnEVPost

In the ternary battery market, CATL ranked first with 56.22 percent of the installed base of 4.50 GWh in April.

CALB and Sunwoda ranked second and third in the ternary battery market with 17.29 percent and 6.07 percent shares, respectively.

In the LFP battery market, BYD regained the top spot with a 42.68 percent share by overtaking CATL with 7.31 GWh installed in April.

CATL installed 5.76 GWh in the LFP battery market in April, ranking second with a 33.65 percent share.

In March, CATL's share of the LFP market was 39.47, higher than BYD's 38.88 percent, the first time it has overtaken BYD in this market during the year.

Eve Energy and Gotion High-tech ranked third and fourth in the LFP battery market with 7.01 percent and 6.17 percent share, respectively.

China NEV sales down 2.6% MoM to 636,000 in Apr, CAAM data show

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CAAM China Deliveries Electric eMobility eV EV Data Industry News Monthly Data

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show

Post author By Lei Kang/CnEVPost
Post date May 11, 2023

Irrational promotions in China's auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

China's new energy vehicle (NEV) sales in April were 636,000 units, up 112.71 percent year-on-year, but down 2.6 percent from March, according to data released today by the China Association of Automobile Manufacturers (CAAM).

The CAAM's data are wholesale sales for automakers, where NEVs include battery electric vehicles (BEVs), plug-in hybrids (PHEVs) and fuel cell vehicles.

China sold 471,000 BEVs in April, up 103.7 percent year-on-year but down 3.9 percent from March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

PHEV sales were 165,000 units, up 144.5 percent year-on-year. Sales of fuel cell vehicles were 300 units, up 222.3 percent year-on-year.

All vehicle sales in China were 2.159 million units in April, up 82.7 percent year-on-year but down 11.9 percent from March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

This means that China's NEVs had a penetration rate of 29.5 percent in April, up from 26.6 percent in March.

China NEV sales down 2.6% MoM to 636,000 in April, CAAM data show-CnEVPost

Production of NEVs in China was 640,000 units in April, up 110 percent year-on-year, but down 5 percent from 674,000 units in March.

Production of all vehicles in China was 2.133 million units in April, up 76.8 percent year-on-year and 17.5 percent lower than in March.

China's auto production and sales saw a significant year-on-year increase in April, but this was mainly due to a low base in the same month last year, the CAAM noted.

Irrational promotions in the Chinese auto market since March have led to consumer wait-and-see, so auto consumption is still in a slow recovery process, the CAAM said.

In addition, production and sales in China's auto industry fell in April compared to March amid adverse factors including a slower-than-expected recovery in the commercial vehicle industry, according to the CAAM.

With the current downward pressure on China's economy increasing and aggregate demand still insufficient, the stable operation of the auto industry needs the support of effective policies, the CAAM said.

In April, exports of vehicles from China were 376,000 units, up 170 percent from a year earlier up and 3.3 percent from March.

Among them, the export volume of NEVs was 100,000 units, up 840 percent year-on-year, down 28.6 percent from March.

In January-April, China's auto sales were 8.235 million units, up 7.1 percent from a year earlier.

NEVs sold 2.222 million units in January-April, up 42.8 percent year-on-year, with a market share of 27 percent.

NEV demand in China expected to pick up in Q2, analysts say

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China Deals Electric eMobility eV Gotion High-Tech Industry News Volkswagen

Gotion becomes VW’s designated battery supplier for markets outside of China

Post author By Lei Kang/CnEVPost
Post date May 11, 2023

The purchase order involves LFP Unified Cell products with the same design style and specifications as those for the Chinese market for Volkswagen's full range of NEVs.

(Image credit: CnEVPost)

Gotion High-tech, a Chinese power battery manufacturer, has become a supplier to Volkswagen for the German automaker's overseas markets, furthering the partnership between the two.

Gotion's wholly-owned subsidiary Hefei Gotion High-tech Power Energy Co Ltd recently received a procurement letter from Volkswagen, making the company a designated supplier for the automaker's overseas markets, according to a stock exchange announcement on May 10.

This is the latest collaboration between Gotion and Volkswagen, which is its important backer, after becoming the designated production point for Volkswagen's NCM and LFP products in China in early 2022.

The purchase order relates to LFP Unified Cell products, which will be used in Volkswagen's models in markets outside of China.

These cells use the same design style and specifications as the Chinese market and are intended for use in Volkswagen's full range of NEVs, according to the announcement.

Volkswagen and Gotion have had a long-standing relationship, with a strategic cooperation framework agreement reached in July 2021 in which Gotion developed the first generation of Unified Cells for Volkswagen's regular production models in China.

In December 2021, Volkswagen China increased its stake in Gotion to 26.47 percent, making it the largest shareholder of the Chinese battery maker.

Unified Cells can significantly reduce costs by adopting a unified design standard and are expected to cover 80 percent of Volkswagen's models in the future, according to Gotion's press release.

In early 2022, Gotion was awarded the official production point for Volkswagen China's NCM and LFP Unified Cells. In February this year, the company won the Volkswagen Cell Test Lab qualification.

In addition, construction of a high-nickel NCM material project built by Volkswagen's private placement has begun in Lujiang, Hefei, and is expected to go into production this year, Gotion said in the press release.

The 20GWh Volkswagen Unified Cell project in Xinzhan, Hefei, has almost completed the main workshop and supporting buildings and is expected to start production in the second half of this year, Gotion said.

Gotion is one of the largest power battery makers, with 2.9 GWh installed in the first quarter, ranking 8th globally with a 2.2 percent share, according to data released earlier this month by South Korean market research firm SNE Research.

Global EV battery market share in Q1: CATL 35%, BYD 16.2%-CnEVPost

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BYD BYD Team China Electric eMobility eV

BYD ramps up smart driving R&D efforts, forms chip design team, report says

Post author By Lei Kang/CnEVPost
Post date May 11, 2023

The unification of the chip and algorithm businesses is a positive sign that BYD is accelerating the pace of its own smart driving research and development, local media said. | BYDDY.US | BYD HK

BYD ramps up smart driving R&D efforts, forms chip design team, report says-CnEVPost

(Image credit: CnEVPost)

BYD's (OTCMKTS: BYDDY) smart driving R&D system is rapidly adjusting, and the company is planning to do its own smart driving chip design, according to a new report.

Wang Huan, head of smart driving R&D at BYD's planning institute, has left, and the smart driving development division he oversaw was spun off, with most of its more than 500 employees being consolidated into the electronics integration department, according to a report today by 36kr.

This adjustment started at the end of last year, and BYD aims to sort out the smart driving R&D resources scattered in different systems, according to the report.

After this realignment is completed, Han Bing, director of the electronics integration department, has become the head of smart driving R&D at BYD's planning institute, where he is preparing a smart driving chip design team, the report said.

The electronics integration department is mainly responsible for developing operating systems, domain controllers, and middleware. The unification of the chip and algorithm businesses is a positive signal for BYD to accelerate the pace of smart driving in-house research, the report noted.

Together with the algorithm business and the smart driving chip business, Han's team of more than 1,000 people has become one of the three core segments of BYD's planning institute, the report said.

BYD chip packaging and integration may be given to BYD's sixth business unit instead of Han's chip design team, the report said, citing sources.

At present, BYD's cooperation with some smart driving solution suppliers has stopped, and it may continue to use some suppliers' lower-level solutions, but will favor its own research and development in higher-level solutions, the report said, citing a BYD insider.

On March 17, 36kr reported that BYD's biggest organizational change so far this year has been to make its car brands operate independently.

The adjustment starts with BYD's core R&D department, and its engineering research institute is planning to set up several independent departments to cover its product lineup including Dynasty, Ocean and Denza, according to the report.

All of BYD's sub-brands will have a separate research institute, the report said, citing a source.

BYD aims to sell at least 3 million vehicles this year and strive to reach 3.6 million, the company's chairman and president Wang Chuanfu said at an investor conference in late March.

BYD aims to become China's No. 1 automaker by the end of this year, Wang said at the time.

BYD sold 210,295 NEVs in April, up 98.31 percent from 106,042 units a year earlier and up 1.55 percent from 207,080 units in March, according to data released May 2.

To achieve its full-year goal of selling 3 million NEVs, BYD will need to sell an average of about 280,000 vehicles per month for the next eight months.

BYD launches revamped Seal with lower prices

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China China EV Market Insight Electric eMobility eV Insights

NEV demand in China expected to pick up in Q2, analysts say

Post author By Lei Kang/CnEVPost
Post date May 10, 2023

Demand for NEVs is expected to pick up in the second quarter as lithium carbonate prices stabilize, according to analysts at CITIC Securities.

NEV demand in China expected to pick up in Q2, analysts say-CnEVPost

Chinese consumers' wait-and-see sentiment when it comes to buying new energy vehicles (NEVs) is expected to ease significantly in the second quarter, which will facilitate a recovery in demand for the sector, local analysts said.

In the first quarter, China's overall NEV sales growth slowed as demand was overdrawn before subsidies for NEV purchases were withdrawn late last year, coupled with strong consumer wait-and-see sentiment, said CITIC Securities analyst Yuan Jiancong's team in a research note today.

For consumers, the sharp drop in lithium carbonate prices and price cuts by automakers have fueled their wait-and-see, according to the team.

In the second quarter, demand for NEVs is expected to pick up as lithium carbonate prices stabilize, the team said.

China's state subsidy for NEV purchases expired at the end of last year. To take advantage of the subsidy, some consumers who had planned to buy vehicles in 2023 may have advanced their purchase plans, leading to weak NEV sales in the first quarter.

Retail NEV sales in China were about 1.32 million units in the first quarter, up 23.72 percent year-on-year, but down 26.62 percent from the fourth quarter, according to the China Passenger Car Association (CPCA).

In addition to the withdrawal of subsidies, the price of lithium carbonate, a key raw material for batteries, has continued to fall since the end of last year, with some electric vehicle companies beginning to cut prices and subsequently seeing a price war across the auto industry.

As of April 21, the price of battery-grade lithium carbonate had not seen a single-day gain this year, falling 65 percent from the beginning of the year.

After that, the price of lithium carbonate has largely stabilized, and as of today, battery grade lithium carbonate has risen for the eighth day in a row.

($1 = RMB 6.9266)

Battery grade lithium carbonate up RMB 4,000 per ton

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China CPCA CPCA Ranking Electric eMobility eV Tesla Tesla Model 3 Tesla Model Y

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760

Post author By Lei Kang/CnEVPost
Post date May 10, 2023

From January to April, the Model Y sold 121,407 units, making it the second-best-selling new energy SUV in China during this period. | TSLA.US

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Tesla's retail sales in China in April included 13,196 Model 3 electric sedans and 26,760 Model Y electric crossovers, according to data released today by the China Passenger Car Association (CPCA).

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Figures released earlier this month by the CPCA show that Tesla sold 75,842 China-made vehicles in April, including 35,886 units exported.

That means Tesla delivered 39,956 vehicles in China in April, with 47.32 percent of the vehicles produced at the Shanghai plant being exported.

The US electric vehicle maker's plant in Shanghai currently only produces the Model 3 as well as the Model Y. Including exports, the two models sold 26,783 and 49,059 units in April, respectively, according to the CPCA.

Today's figures mean that Tesla's Shanghai plant exported 13,587 China-made Model 3s and 22,299 China-made Model Ys in April.

In China, Model Y sales in April were up 2,687.50 percent from 960 units in the same month last year, but down 51.29 percent from 54,937 units in March.

Model 3 sales in China in April were up 2,290.58 percent from 552 units a year ago, but down 39.26 percent from 21,726 units in March.

These changes are due to the fact that Tesla's sales in China fell sharply last April due to the Covid lockdown in Shanghai, and its pattern of producing vehicles primarily for export in the first half of each quarter.

In the rankings released today by the CPCA, the Model Y was the third best-selling new energy SUV in April.

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

BYD Song and BYD Yuan Plus were the top 2 best-selling new energy SUVs in April with 33,007 and 28,931 retail sales, respectively.

From January to April, the Model Y sold 121,407 units, up 60.5 percent year-on-year, and was the second best-selling new energy SUV during this period, according to the CPCA's rankings.

The BYD Song was the top-selling new energy SUV from January to April, with 174,422 units, up 83.0 percent year-on-year.

Among the top 10 new energy sedans in April, the Tesla Model 3 came in at No. 7, while NIO's (NYSE: NIO) ET5 sedan failed to make the list.

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Among the top retail sales of new energy sedans from January to April, the Tesla Model 3 ranked No. 5, while the BYD Qin ranked No. 1 with 130,602 units.

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760-CnEVPost

Tesla hikes Model 3, Model Y prices slightly in China

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China CPCA CPCA Ranking Electric eMobility eV Tesla Tesla Model 3 Tesla Model Y

Tesla Apr sales breakdown in China: Model 3 at 13,196 units, Model Y 26,760

Post author By Lei Kang/CnEVPost
Post date May 10, 2023