Category: BYD

China NEV insurance registrations for week ending Jul 2: BYD 54,000, Nio ES6 1,900

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

The Tesla Model Y was the best-selling new energy SUV and the Model 3 was the best-selling new energy sedan in China last week.

Li Auto (NASDAQ: LI) yesterday shared the insurance registrations of some of the car companies last week to showcase its leadership among the new car-making brands.

Local auto media outlet Dongchedi then shared the rankings they produced, providing more details.

It should be noted that the two shared slightly different data on a few of the car companies' numbers, although the differences were minor, which may have to do with their rounding practices.

In the week between June 26 and July 2, BYD (OTCMKTS: BYDDY) had the highest number of new energy vehicle (NEV) insurance registrations in China at 54,000, according to what Dongchedi shared.

Tesla was in second place at 17,300 units. Tesla was 17,400 units in the data shared by Li Auto yesterday.

GAC Aion was in third place with 11,600 units last week, and Li Auto was fourth with 6,500 units.

Volkswagen's NEV sales were 3,900 units last week, ranking 8th, according to Dongchedi.

When considering only Chinese brands, BYD, GAC Aion and Li Auto were the top three, with Nio (NYSE: NIO) in sixth place.

The Tesla Model Y was the best-selling new energy SUV in China last week with 10,800 units sold. BYD Yuan Plus and BYD Song Plus DM-i were second and third, respectively, with 6,200 and 5,700 units sold.

Li Auto's Li L7 sold 2,800 units last week, ranking 7th.

Nio's ES6 was No. 10 at 1,900 units. The new ES6 was officially launched on May 24 and still seems to be in the capacity ramp-up phase.

The Tesla Model 3 sold 6,400 units last week and was the best-selling new energy sedan in China, according to data shared by Dongchedi.

BYD Dolphin came in second with 6,100 units and GAC Aion S was third with 6,000 units.

China NEV insurance registrations for week ending Jul 2: Tesla 17,400, Li Auto 6,500, Nio 4,100

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Tags BYD, GAC Aion, Li Auto, NIO, Tesla

Battery Data Battery News BYD CALB CATL China Electric eMobility eV Gotion High-Tech Monthly Data SNE Research Tesla

Global EV battery market share in Jan-May: CATL 36.3%, BYD 16.1%

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

CATL's battery installed base grew 59.6 percent year-on-year in January-May, while BYD's grew 107.8 percent year-on-year, according to SNE Research.

China's CATL and BYD (OTCMKTS: BYDDY) continued to dominate the global power battery market in the January-May period, the latest figures show.

From January to May, total global battery consumption for electric vehicles (EVs) was 237.6 GWh, up 52.3 percent from 156.0 GWh in the same period last year, according to data released today by South Korean market research firm SNE Research.

CATL installed 86.2 GWh of batteries in January-May, up 59.6 percent from 54.0 GWh in the same period last year.

The Chinese power battery giant continues to rank first in the world with a 36.3 percent share and remains the only battery supplier in the world with a market share of more than 30 percent.

This is up from its 34.6 percent share in the same period last year and up from its 35.9 percent share in the January-April period.

CATL's batteries are installed in many major passenger EV models in China's domestic market, such as the Tesla Model 3, Model Y, SAIC Mulan, GAC Aion Y, and Nio ET5, as well as Chinese commercial vehicle models, and continue to grow steadily, SNE Research said.

BYD installed 38.1 GWh of power batteries from January to May, up 107.8 percent from 18.4 GWh in the same period last year.

The company ranked second with a 16.1 percent share from January to May, up from 11.8 percent in the same period last year and unchanged compared to January-April.

BYD has gained popularity in China's domestic market with its competitive pricing by establishing a vertically integrated supply chain management, including battery self-sufficiency and vehicle manufacturing, SNE Research said.

With the launch of the Atto 3 model, BYD showed explosive growth by expanding its market share outside of China in Asia and Europe, SNE Research said.

LG Energy Solution installed 33.0 GWh of power batteries from January to May, up 56.0 percent year-on-year.

The South Korean company ranked third in the world with a 13.9 percent share, slightly up from 13.6 percent a year ago and down from 14.1 percent in the January-April period.

Panasonic of Japan ranked fourth with an 8.0 percent share, SK On of South Korea ranked fifth with 5.2 percent share and CALB of China ranked sixth with a 4.3 percent share.

Samsung SDI of South Korea, China's Gotion High-tech, Eve Energy, and Sunwoda ranked seventh, eighth, ninth, and tenth respectively, with 4.2 percent, 2.2 percent, 2.2 percent, and 1.6 percent shares in January-May.

It is worth noting that CALB's power battery installed base of 10.2 GWh continued to be higher than Samsung SDI's 9.9 GWh in January-May.

From January to March, CALB's 5.7 GWh was lower than Samsung SDI's 6.5 GWh. From January to April, CALB's 8.4 GWh exceeded Samsung SDI's 7.5 GWh.

In 2023, Chinese companies are expected to push into overseas markets such as Europe, preparing for a gradual decline in growth in China's domestic market, SNE Research said.

Europe is the largest EV market after China and is aggressively implementing environmental policies, so it is highly likely to be the biggest battleground in the future, according to SNE Research.

In the future, the proportion of LFP batteries in Europe is expected to increase as Chinese companies enter the European market in earnest, the report said.

Nio starts to get cells from WeLion, as deliveries of 150-kWh batteries set to begin in Jul

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Tags BYD, CATL, GAC Aion, NIO, Tesla

BYD China Denza Denza N7 Denza N8 Denza N9 Electric Electric cars eMobility eV Quick News

Denza N7 received 11,687 orders within 24 hours after its release

Post author By Qian Jin
Post date July 5, 2023

As a joint venture between BYD and Mercedes-Benz, Denza will deliver the N7 in mid-July. Next, Denza will launch another SUV Denza N8.

The post Denza N7 received 11,687 orders within 24 hours after its release appeared first on CarNewsChina.com.

BYD BYD Brazil BYD Global China Electric eMobility eV

BYD to build industrial complex with three plants in Brazil

Post author By Lei Kang/CnEVPost
Post date July 5, 2023

BYD will invest $620 million in the facility, which will include an electric bus and truck chassis plant, a new energy passenger car plant, and a processing plant specializing in LFP battery materials.

(Image credit: BYD)

BYD (OTCMKTS: BYDDY) will invest hundreds of millions of dollars in Brazil to build an industrial complex as it steps up its efforts to expand in international markets.

The Chinese new energy vehicle (NEV) maker will set up a large production base complex of three plants in Brazil, BYD and the Brazilian state government of Bahia jointly announced on July 4, according to a statement.

The facility is located in the Brazilian city of Camacari, with a total investment of 3 billion reais ($620 million), according to a statement from BYD today.

The industrial complex includes a production plant for electric buses and truck chassis, a new energy passenger car production plant, and a processing plant specializing in lithium iron phosphate (LFP) battery materials.

The new energy passenger car production line will be able to produce pure electric and plug-in hybrid models with a planned annual capacity of 150,000 units.

The LFP battery material processing plant will utilize local port resources to meet the growing demand for new energy products in the global market, BYD said.

The industrial complex is scheduled to start production in the second half of 2024 and is expected to create more than 5,000 local jobs, according to the BYD statement.

The creation of a large production base complex in Brazil is an important milestone in BYD's development in the Americas market and will help accelerate the penetration of NEVs there, said BYD Americas president Stella Li.

In October 2022, BYD signed a letter of intent with the Bahia state government to build a vehicle production facility in the industrial area left behind by Ford after it closed its plant outside the city's capital, El Salvador.

The Bahia state government said at the time that BYD would build electric bus and truck chassis, as well as electric and hybrid cars, at three plants, and would also process Brazilian lithium for car battery exports to China.

"We have been in Brazil for almost 10 years. We have experienced many political changes in this period, in addition to exchange rate fluctuations, and inflation. But I think that in the long term, Brazil has its own advantages," Li said at the time.

BYD is now bringing its passenger cars to international markets, launching the Dolphin in Brazil on June 28, its fifth model in the country after the Tang EV, Han EV, Yuan Plus EV and Song Plus DM-i.

In addition to NEVs, BYD is already producing photovoltaic modules in Brazil.

On October 21, 2022, the company announced that BYD Energy Brazil's cumulative production of PV modules surpassed 2 million, after five years of local operations.

Last April, BYD opened a new PV module production line at its Campinas, Brazil, plant that is compatible with all sizes of PV cells currently on the market, allowing for increased productivity and efficiency.

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BYD launches Dolphin in Brazil, enters South African EV market with Atto 3

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BYD China Denza Denza N7 Electric eMobility eV Tesla

Denza N7 gets 11,687 firm orders in 24 hours after launch

Post author By Lei Kang/CnEVPost
Post date July 5, 2023

Denza officially launched the Denza N7 on July 3, targeting the market where Tesla Model Y is located with a starting price of RMB 301,800.

(Image credit: CnEVPost)

The first SUV model of BYD's premium new energy vehicle (NEV) brand Denza seems to have gained good initial acceptance.

The Denza N7 SUV received 11,687 firm orders 24 hours after its official launch, Denza announced on Weibo late yesterday night.

Denza is a joint venture between BYD and Mercedes-Benz, each holding a 50 percent stake at the time of its inception. BYD increased its stake in Denza to 90 percent last year.

The brand officially launched the Denza N7, its second model since rebranding, at a launch event in Beijing on July 3, with a starting price of RMB 301,800 ($44,220) aimed at the market where the Tesla Model Y is located.

Prior to the launch of the N7, Denza was offering only the D9, an MPV that went on sale in August 2022 and was officially delivered in October last year.

The Denza N7 is a 5-seat mid-size SUV with a length, width and height of 4,860 mm, 1,935 mm and 1,602 mm, respectively, and a wheelbase of 2,940 mm.

For comparison, the Tesla Model Y is slightly smaller, measuring 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.

The Model Y is currently offered in three versions in China with starting prices of RMB 263,900, RMB 313,900 and RMB 363,900 respectively. The Tesla model was the best-selling SUV in China from January to May.

The Denza website currently shows four versions of the N7 with starting prices of RMB 319,800, RMB 339,800, RMB 349,800 and RMB 379,800 respectively.

All four versions are equipped with DiSus-A, an intelligent air body control system, which was unveiled by BYD on April 10 and is similar to the air suspension currently used in many high-end vehicles.

Customers who do not need the system reduce the price of the vehicle by RMB 18,000, resulting in these two Air versions priced at RMB 301,800 and RMB 321,800.

On the first day of the Shanghai auto show on April 18, Denza started pre-sales for the N7, although pricing information had not been released at that time.

In early June, Zhao Changjiang, general manager of Denza's sales division, said the Denza N7 had over 20,000 pre-orders before specifications and pricing were announced, and that 55 percent of these order holders were owners of luxury brands including Mercedes-Benz, BMW and Audi, and 35 percent were existing owners of BYD and Denza.

The Denza N7 opened for test drives on July 4 and deliveries are set to begin in mid-July.

In June, Denza delivered 11,058 vehicles, the fourth consecutive month to exceed the 10,000-unit mark, according to BYD data released on July 2.

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Denza launches N7 SUV to take on Tesla Model Y as brand gains momentum

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Tags BYD, Tesla

BYD China Electric eMobility eV Fang Cheng Bao Leopard 5

BYD’s new brand Fang Cheng Bao names debut model Leopard 5

Post author By Lei Kang/CnEVPost
Post date July 4, 2023

Leopard 5 is said to be equipped with BYD's new powertrain DM-o, which is expected to combine the technical advantages of DM-i and DM-p.

BYD's new sub-brand Fang Cheng Bao continues to warm up with the announcement of the official name of its first model.

Fang Cheng Bao's first model is named Leopard 5 ("豹5" in Chinese), the brand said today on Weibo.

BYD officially announced the name of its Fang Cheng Bao brand on June 9, the fifth in its brand matrix after the Dynasty series, Ocean series, Denza and Yangwang.

The Fang Cheng Bao brand name literally translates to "Formula" and "Leopard," symbolizing the pursuit of a transformative rise and exploration of the digital realm, BYD said.

BYD has previously used the code SF to refer to the first model of the new brand, saying it is a hardcore SUV expected to launch this year.

BYD has not provided pricing information on Fang Cheng Bao's first model in its previews over the past few months, though CnEVPost previously learned that the model will target a market priced between RMB 400,000 ($55,410) and RMB 600,000.

Xiong Tianbo, former head of BYD auto's sales research institute, will be the general manager of the brand's sales division, leading the brand's product planning, channel sales and brand building, a company insider previously told CnEVPost.

Rumors have recently surfaced that Fang Cheng Bao's first model will be equipped with BYD's DM-o powertrain, which will be the third BYD hybrid system in addition to DM-i and DM-p.

Currently about half of BYD's monthly sales are battery electric vehicles (BEVs) and the other half are plug-in hybrid vehicles (PHEVs).

Among the PHEVs, the DM-i focuses more on fuel economy, while the DM-p focuses more on performance.

The DM-o is expected to combine the technical advantages of the DM-i and DM-p, and can provide the vehicle with a total sum range of up to 1,200 km and a total powertrain power of up to 500 kW, according to recent reports in several local media.

BYD officially names F brand Fang Cheng Bao, initial model to be launched this year

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BYD China Electric Electric cars eMobility eV Fang Cheng Bao fang cheng bao leopard 5 PHEV Report

Leopard 5. BYD Fang Cheng Bao SF EREV SUV got the official name in China

Post author By Denis Bobylev
Post date July 4, 2023

The BYD Fang Cheng Bao SF got the official name. Now it is known as the Leopard 5. It is underpinned by a new DM-o platform and has 1,200 km of mixed range.

The post Leopard 5. BYD Fang Cheng Bao SF EREV SUV got the official name in China appeared first on CarNewsChina.com.

BYD China Denza Denza N7 Electric eMobility eV Product Launch Tesla

Denza launches N7 SUV to take on Tesla Model Y as brand gains momentum

Post author By Phate Zhang/CnEVPost
Post date July 3, 2023

Denza has delivered more than 10,000 vehicles for four consecutive months, and with the N7 SUV targeting a larger market, it is expected to gain further momentum.

BYD's (OTCMKTS: BYDDY) joint venture with Mercedes-Benz, Denza, which was unknown in China until a few years ago, gained momentum as BYD took a controlling stake in the company last year. Now, Denza is looking to build further on it.

Denza officially launched the Denza N7 at an event in Beijing on Monday, and the electric SUV targets the market where the Tesla Model Y sits with a starting price of RMB 301,800 ($41,680).

The Denza N7 is a 5-seat mid-size SUV with a length, width and height of 4,860 mm, 1,935 mm and 1,602 mm respectively, and a wheelbase of 2,940 mm.

For comparison, the Tesla Model Y is slightly smaller, measuring 4,750 mm in length, 1,921 mm in width and 1,624 mm in height, with a wheelbase of 2,890 mm.

The Model Y is currently offered in three versions in China with starting prices of RMB 263,900, RMB 313,900 and RMB 363,900 respectively. This Tesla model was the best-selling SUV in China from January to May.

Denza was established in 2010 as a joint venture between BYD and Daimler, with each holding a 50 percent stake at the time. In February 2022, the Daimler brand was rebranded as Mercedes-Benz. BYD increased its stake in Denza to 90 percent last year.

In August 2022, Denza launched the D9 MPV, the brand's first model after the reorganization. The Denza N7 is the second model after Denza's shareholding change and its first SUV.

Before the D9 was launched, Denza had little presence in China. With the D9 providing a new option for the MPV market, Denza has become one of the top new car-making brands in China in terms of deliveries.

In June, the Denza delivered 11,058 vehicles, marking the fourth consecutive month above the 10,000-unit mark, according to data released by BYD yesterday.

It is worth noting that these sales were contributed by the D9, while MPVs traditionally have a small total addressable market in China, only about 10 percent of the market for sedan or SUV models.

In May, retail sales of sedans in China were 851,469 units, SUVs were 795,611 units, and MPVs were only 94,983 units, according to the China Passenger Car Association (CPCA).

With the launch of the N7, Denza enters a market with significantly more space and is expected to see a further increase in sales.

The Denza N7 has received more than 20,000 pre-orders since it began accepting customer reservations on April 18, said Zhao Changjiang, general manager of Denza's sales division, at the launch event.

The Denza website currently shows four versions of the N7, with starting prices of RMB 319,800, RMB 339,800, RMB 349,800 and RMB 379,800 respectively.

All four versions are equipped with DiSus-A, an intelligent air body control system, which was announced by BYD on April 10 and is similar to the air suspension currently used in many high-end vehicles.

Customers who do not need the system can see the prices be reduced by RMB 18,000, resulting in two Air versions priced at RMB 301,800 and RMB 321,800, respectively.

The Denza N7 comes standard with BYD's signature blade battery based on lithium iron phosphate chemistry, all with a capacity of 91.3 kWh.

The two least expensive of these are the rear-wheel drive models with 230 kW of peak motor power and 360 Nm of peak torque, which can sprint from 0 to 100 km/h in 6.8 seconds. They both have a CLTC range of 702 km.

The other four higher-priced versions are four-wheel-drive models with 390 kW peak battery power and 670 Nm peak torque that can sprint from 0 to 100 km/h in 3.9 seconds. They have a CLTC range of 630 km.

Like the D9, the Denza N7 supports simultaneous charging with two charging guns, up to 150 kW when using one and 230 kW when using two.

In contrast to BYD's approach, Denza began the presentation by highlighting the N7's assisted driving capabilities, saying that the model is equipped with BYD's "Eyes of the God" driver-assisted driving system for the first time.

The Denza N7's assisted driving system includes two options, a standard version and an advanced version, the latter of which will use Nvidia's Orin-X chip with 254 TOPS of computing power.

The Denza N7 with the advanced version of the assisted driving solution will receive highway pilot assisted driving capability by the end of this year, while that capability in urban areas will become available in the first quarter of next year.

Denza did not mention information about the chip supplier for the standard version of the system, which is likely to be a lower-cost solution from a local manufacturer.

Denza N7 will be available for test drives on July 4, with deliveries starting in mid-July, Zhao said at the model's launch event.

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