Author: Phate Zhang/CnEVPost

XPeng to report Q1 earnings on May 24

Post author By Phate Zhang/CnEVPost
Post date May 9, 2023

XPeng delivered 18,230 vehicles in the first quarter, slightly above the lower end of its guidance range of 18,000 to 19,000 vehicles. | XPeng US | XPeng HK

XPeng to report Q1 earnings on May 24-CnEVPost

XPeng (NYSE: XPEV) today announced that it will report its unaudited first quarter financial results on Wednesday, May 24, before the US market opens.

Previously released data showed that XPeng delivered 18,230 vehicles in the first quarter, slightly above the lower end of its guidance range of 18,000 to 19,000 vehicles.

The company previously guided for first-quarter revenue of RMB 4 billion to RMB 4.2 billion, a decrease of about 43.7 percent to 46.3 percent year on year.

XPeng sales have been weak since the second half of last year, with deliveries of just 5,218 units in January. The figure rebounded to 7,079 units in April, flat from March.

The P7i sports sedan, launched in March, continues to gather strong order momentum, XPeng said on May 1, adding that the company is significantly increasing production, which will accelerate customer deliveries of the P7i in the near future.

XPeng unveiled the new SUV G6 on April 18, the first day of the Shanghai auto show, which is based on the 800 V high-voltage platform and can get 300 kilometers of range in as little as 10 minutes on a charge.

The debut of the G6 drew great enthusiasm from visitors at the auto show, making XPeng's stand one of the most popular at the event, the company said on May 1.

The model is scheduled to be officially launched at the end of the second quarter and delivered immediately thereafter, XPeng said, repeating its previous plan.

Following the first-quarter earnings announcement, XPeng management will host an earnings call on May 24 at 8:00 a.m. US Eastern Time (8:00 pm Beijing Time on May 24).

Participants who wish to participate in the conference call by telephone can complete pre-registration by visiting the link provided below.

Pre-registration link:

https://s1.c-conf.com/diamondpass/10030387-tfg8sj.html

In addition, a live and archived webcast of the conference call will be available on the company's investor relations website at http://ir.xiaopeng.com.

A replay of the conference call will be available about one hour after the conference call, through May 31, 2023, by calling the following telephone numbers:

United States: +1-855-883-1031

International: +61-7-3107-6325

Hong Kong, China: 800-930-639

Chinese mainland: 400-120-9216

Replay PIN: 10030387

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China Deliveries Electric eMobility eV EV Data Monthly Data Tesla

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant

Post author By Phate Zhang/CnEVPost
Post date May 9, 2023

Including exports, China-made Model 3 and Model Y sales in April were 26,783 and 49,059 vehicles, respectively, according to the CPCA. | TSLA.US

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

Tesla (NASDAQ: TSLA) sold 75,842 China-made vehicles in April, including 35,886 units exported, according to data released today by the China Passenger Car Association (CPCA).

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

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

By comparison, Tesla delivered just 1,512 vehicles in China last April, when none were exported, due to the Covid lockdown in Shanghai.

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

The breakdown figures of Model 3 and Model Y sales in China are expected to be available in a few days.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

Retail sales of new energy vehicles (NEVs) in China in April were 527,000, with 370,000 battery electric vehicles (BEVs) sold, according to the CPCA.

This means that Tesla's share of the NEV market in China in April was 7.58 percent and its share of the BEV market was 10.80 percent. These two figures were 14.12 percent and 20.02 percent respectively in March.

Tesla delivers 39,956 vehicles in China in Apr, exports 35,886 units from Shanghai plant-CnEVPost

It is worth noting that Tesla's model is to produce cars for export in the first half of the quarter and for the local market in the second half.

Tesla slightly raised the prices of all its available models in China earlier this month, which the CPCA believes will be helpful in boosting sales.

Tesla's price increase is a good signal to dispel the wait-and-see mentality of consumers who are overly expecting price cuts, the CPCA said in a report today.

On May 2, the prices of the Model 3 and Model Y were all raised by 2,000 yuan ($290) in China, an increase of less than 1 percent.

On May 5, prices for the full lineup of the new Model S and Model X, which are not manufactured in China, were all raised by RMB 19,000.

(1 $= RMB 6.9274)

Tesla hikes Model 3, Model Y prices slightly in China

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China Electric eMobility eV Nio NIO ET5

Exclusive: NIO ET5 touring appears in Europe as local launch nears

Post author By Phate Zhang/CnEVPost
Post date May 9, 2023

The ET5 touring, the first of its kind to target the premium electric touring segment, may debut in Europe in June.

Exclusive: NIO ET5 touring appears in Europe as local launch nears-CnEVPost

(Image obtained by CnEVPost)

A more European-centric variant of NIO's (NYSE: NIO) ET5 electric sedan is getting closer to its official launch.

A NIO ET5 touring, the first of its kind to target the premium electric touring segment, has been spotted on the streets of Europe, according to spy photos obtained by CnEVPost today.

The car has the yellow color exclusive to the ET5 sedan sold in China, while its rear design clearly shows that it is a touring, or hatchback, style vehicle.

Exclusive: NIO ET5 touring appears in Europe as local launch nears-CnEVPost

(Image obtained by CnEVPost)

NIO will launch a touring version of the ET5, the ET5's sister model, in June or July, the electric vehicle (EV) maker's co-founder and president Qin Lihong said at an event in January, as previously reported by CnEVPost.

The touring variant of the ET5 will debut in Europe, and the model is developed primarily for European consumers, Qin said at the time.

CnEVPost has learned from a source that the model is expected to make its official debut in Europe in June. ET5 touring was previously referred to as ET5 shooting brake on many occasions.

Touring models have a large market in Europe, while sales of sedans are low, which is the opposite of the situation in China, Qin said at the January event.

"Sedan derivatives are a niche market in China, but the opposite is true in Europe. We don't see many real sedans in Europe," he said at the time.

The ET5 is the cheapest of the NIO product array, starting at 328,000 yuan ($47,410) in China.

The model's support for battery swap and beautiful design have made it a major contributor to NIO's sales in the past few months, selling around 6,000 units each month from January to March.

Exclusive: NIO ET5 touring appears in Europe as local launch nears-CnEVPost

For NIO, the ET5 touring is likely to be the game changer for the company to see sales really start to grow in Europe, as local consumers prefer this kind of sedan variant.

It is worth noting that the ET5 touring will be available in China in addition to for European consumers.

At the beginning of March, the car appeared in a regulatory catalog of models that will be allowed to be sold in China, showing its exterior and core specifications.

($1 = RMB 6.9180)

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China Electric eMobility eV Neta Neta S Product Launch

Neta launches new variants of Neta S flagship sedan to bring price lower

Post author By Phate Zhang/CnEVPost
Post date May 9, 2023

Neta has launched two new variants of the Neta S with a shorter range and weaker performance, bringing the starting price of its flagship sedan down to under RMB 200,000.

Neta launches new variants of Neta S flagship sedan to bring price lower-CnEVPost

(Neta S on 2023 Shanghai auto show. Image credit: CnEVPost)

Price cuts are tricky in China's electric vehicle (EV) market, as they can spark protests from existing owners. So, launching lower-priced versions based on existing models has become one option for EV makers that need to boost sales.

Neta Auto, the EV brand owned by Hozon Auto, today launched two new variants of its flagship sedan, the Neta S, bringing the model's starting price down by 13,000 yuan ($1,880) to under RMB 200,000.

The new variants -- the all-electric Neta S 520 Lite and Neta S 520 -- start at RMB 189,800 and RMB 199,800 respectively.

As a comparison, the least expensive version of the Neta S previously on sale was a model with extended-range technology, starting at RMB 202,800.

The lowest-priced version of the pure electric Neta S was previously available in a version with a CLTC range of 715 km, starting at RMB 248,800.

The Neta S 520 Lite and Neta S 520 both have a CLTC range of 520 km and use a lithium iron phosphate battery pack with a capacity of 64.46 kWh.

These lower-priced Neta S BEVs can accelerate from 0 to 100 km/h in 7.4 seconds.

For comparison, the least expensive Neta S BEV with a range of 715 km uses a ternary lithium battery pack with a capacity of 84.50 kWh and can accelerate from 0 to 100 km/h in 6.9 seconds.

The Neta S 520 Lite and Neta S 520 are also weaker than the previously available Neta S BEV in some other specifications, such as the absence of a hands-free power tailgate.

Neta has been considered a budget EV maker since its inception, as its vehicles are priced primarily at the lower end of the market, with the Neta V and Neta U priced at around RMB 100,000 to RMB 150,000.

The Neta S is its first effort at the premium end of the market, officially launched in China on July 31, 2022.

Neta delivered 11,080 vehicles in April, up 25.72 percent from 8,813 in the same month last year and up 9.84 percent from 10,087 in March, according to data released earlier this month.

Neta S delivered 2,237 units in April, up 1.41 percent from 2,206 units in March.

In January-April, Neta delivered 37,256 vehicles, down 4.39 percent from 38,965 in the same period last year.

The Neta S delivered 8,008 units in January-April, for a cumulative total of 10,213 units since deliveries began last October, data monitored by CnEVPost show.

($1 = RMB 6.9240)

Neta delivers 11,080 vehicles in Apr, up 9.8% from Mar

Neta launches new variants of Neta S flagship sedan to bring price lower-CnEVPost

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China CnEVPost Blog Electric eMobility eV

Introducing CnEVData: CnEVPost’s new platform for sharing data

Post author By Phate Zhang/CnEVPost
Post date May 8, 2023

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.

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China CPCA Electric eMobility eV EV Data Industry News Monthly Data

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

Post author By Phate Zhang/CnEVPost
Post date May 6, 2023

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

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BYD BYD Dolphin BYD Ecuador BYD Global byd han BYD Yuan Plus China Electric eMobility eV

BYD presents Han EV, Yuan Plus EV and Dolphin in Ecuador

Post author By Phate Zhang/CnEVPost
Post date May 5, 2023

BYD has entered into a strategic partnership with Ecuadorian car dealership group Andor, which will establish six dealer stores in the next six months and plans to expand to 12 in 2024.

BYD presents Han EV, Yuan Plus EV and Dolphin in Ecuador-CnEVPost

(Image credit: BYD)

BYD held a brand launch event in the Ecuadorian capital Quito on May 3 and debuted the Han EV, Yuan Plus EV and Dolphin models in the country, according to a press release from the Chinese new energy vehicle (NEV) maker today.

At the event, BYD announced a strategic partnership with Ecuadorian car dealership group Andor Corporation, which will showcase BYD models at three shopping centers -- Quicentro Shopping, Paseo San Francisco and Mall del Sol.

In the next six months, Andor will establish six dealer stores in Quito, Guayaquil and Manta, and plans to expand to 12 by 2024.

BYD presents Han EV, Yuan Plus EV and Dolphin in Ecuador-CnEVPost

In the future, BYD will work with local dealers in Ecuador to create a localized sales and service system, the NEV maker said.

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

The company stopped production and sales of vehicles powered entirely by internal combustion engines last March to focus on producing plug-in hybrids and pure electric vehicles.

BYD presents Han EV, Yuan Plus EV and Dolphin in Ecuador-CnEVPost

BYD's flagship Han family of sedans sold 14,329 units in April, up 6.77 percent year-on-year and up 5.75 percent from March. The Han family includes the all-electric Han EV and the hybrid Han DM series.

The Yuan family of models sold 39,160 units in April, making it the second highest selling BYD model for the month. The Yuan Plus is BYD's first model for the global market and is known as the Atto 3 in several other markets.

Dolphin sold 30,462 units in April, essentially unchanged from 30,077 units in March and up 153.01 percent from 12,040 units in the same month last year.

In April, BYD sold 14,827 NEVs in overseas markets, up 11.38 percent from 13,312 units in March.

BYD presents Han EV, Yuan Plus EV and Dolphin in Ecuador-CnEVPost

BYD officially launches Seagull to expand its presence in China's EV market

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BYD BYD Dolphin BYD Ecuador BYD Global byd han BYD Yuan Plus China Electric eMobility eV

BYD presents Han EV, Yuan Plus EV and Dolphin in Ecuador

Post author By Phate Zhang/CnEVPost
Post date May 5, 2023