Category: Industry News

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China CPCA Deliveries Electric eMobility eV EV Data Industry News Monthly Data Tesla

China passenger NEV retail drops 3.6% MoM to 527,000 in Apr, CPCA data show

China's NEV penetration at retail was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but lower than 34.2 percent in March.

Retail sales of new energy passenger vehicles (passenger NEVs) in China were 527,000 units in April, up 85.6 percent year-on-year but down 3.6 percent from March, according to data released today by the China Passenger Car Association (CPCA).

This was lower than the CPCA's preliminary figure of 529,000 units released on May 6 and higher than its estimate of 500,000 units released on April 25.

Battery electric vehicle (BEV) retail sales in April were 370,000 units, accounting for 70.2 percent of all NEV retail sales. This represents a 73.5 percent year-on-year increase and a 4.3 percent decrease from March.

Plug-in hybrid (PHEV) retail sales in April were 157,000 units, contributing 29.8 percent of NEV retail sales, up 122.0 percent year-on-year and down 1.8 percent from March.

Retail sales of all passenger vehicles in China were 1.63 million units in April, up 55.5 percent year-on-year and up 2.5 percent from March.

Notably, this is the second time since 2010 that China's retail vehicle sales were higher in April than in March, the CPCA said.

The penetration of NEVs at retail in China was 32.3 percent in April, up 6.6 percentage points from 25.7 percent in April 2022 but down from 34.2 percent in March.

The penetration rate of NEVs was 56.5 percent for local brands, 23.8 percent for luxury brands and 4.4 percent for mainstream joint venture brands.

Wholesale sales of passenger NEVs in China were 607,000 units in April, up 115.6 percent year-on-year but down 1.7 percent from March.

This means that the penetration of NEVs at wholesale was 33.9 percent in April, up 5.9 percentage points from 28 percent penetration in April 2022 and up from 31 percent in March.

China's local brands had 49.5 percent penetration of NEVs at wholesale in April, compared to 35.5 percent for luxury brands and 4.1 percent for mainstream joint venture brands.

China exported 91,000 passenger NEVs in April, with BEVs accounting for 92.8 percent of the total. This represents a year-on-year increase of 1028.5 percent, up 29.4 percent from March, and contributes 31 percent of all passenger car exports.

China exported 35,886 units in April, SAIC passenger cars 21,450 units and BYD 14,827 units, the CPCA said.

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

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Baojun Baojun Yep China Electric eMobility eV Industry News Saic-gm-wuling

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25

SAIC-GM-Wuling's Baojun brand has released several images of the Yep, showing the model somewhat similar to the Suzuki Jimny.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

(Image credit: Baojun)

SAIC-GM-Wuling will soon release a new model, as the mini electric vehicle (EV) specialist continues to deepen its expertise in the field.

The automaker's Baojun brand announced on Weibo today that it will launch a new mini EV model, the Baojun Yep, on May 25.

Baojun unveiled its new logo earlier today, saying that the Yep will be the first model to use the new logo.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

The brand began previewing the Baojun Yep last week, releasing several images of the car's exterior that show the model somewhat resembling the Suzuki Jimny.

The Baojun Yep has a length, width and height of 3,381 mm, 1,685 mm and 1,721 mm, respectively, and a wheelbase of 2,110 mm, previous regulatory filings showed.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

For comparison, SAIC-GM-Wuling's other model, the Hongguang Mini EV, has a length, width and height of 3,059 mm, 1,521 mm and 1,614 mm, respectively, and a wheelbase of 2,010 mm.

The Baojun Yep will be powered by a permanent magnet synchronous motor with a peak power of 50 kW and a peak torque of 140 Nm.

The model has a battery pack capacity of 28.1 kWh and a CLTC range of 303 km.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

In addition to the regular version, Baojun shared images of a two-door pickup version of the Yep on Weibo yesterday, a move similar to SAIC-GM-Wuling's launch of a convertible version of the Mini EV in September 2022.

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

SAIC-GM-Wuling to launch new mini EV Baojun Yep on May 25-CnEVPost

SAIC-GM-Wuling is a joint venture between SAIC, General Motors and Liuzhou Wuling Automobile, headquartered in Liuzhou in southwestern China's Guangxi Zhuang Autonomous Region.

It sells vehicles based on the GSEV (Global Small Electric Vehicle) architecture in China, including the Mini EV, KiWi EV, Nano EV and Air EV. In addition to these pure electric models, SAIC-GM-Wuling also sells fuel-powered SUVs, MPVs and vans.

In the small EV segment, in addition to the hot-selling Mini EV, SAIC-GM-Wuling launched the Air EV in China in December last year and the Binguo EV at the end of March this year.

SAIC-GM-Wuling sold 77,701 new energy vehicles (NEVs) in the first quarter, 69,842 of which were Mini EVs, according to the China Passenger Car Association (CPCA).

SAIC-GM-Wuling launches new EV model, price from $8,680

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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

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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China CPCA CPCA Estimates Deliveries Electric eMobility eV EV Data Expectations Industry News Monthly Data

China’s NEV wholesale in April at about 600,000 units, CPCA estimates show

China's auto industry price war faded in April, easing consumer wait-and-see sentiment and releasing suppressed demand, the CPCA said.

China's wholesale sales of new energy passenger vehicles are expected to be 600,000 units in April, basically unchanged from March and up 114 percent year-on-year, the China Passenger Car Association (CPCA) said in a report today.

In March, the 11 manufacturers with more than 10,000 wholesale sales of new energy vehicles (NEVs) contributed 80.7 percent of all wholesale sales, the CPCA said.

These companies are expected to sell 482,000 units in April, and the normal structure would put China's wholesale sales of new energy passenger vehicles in April at around 600,000 units, the CPCA said.

In January-April, China's wholesale sales of new energy passenger vehicles are estimated at 2.1 million units, up 43 percent year-on-year, according to the report.

The CPCA said the overall auto market continued the trend seen in late March as the price war in China's auto industry receded in April, easing consumer wait-and-see sentiment and releasing previously suppressed demand.

Due to the low base of last year and the recent continued strength of China's new energy passenger vehicle exports, car companies in the core regions of the NEV industry chain, including Shanghai, performed well, the CPCA said.

Passenger vehicle sales in China are expected to be 23.5 million units in 2023, including 8.5 million NEVs, and NEV penetration is expected to reach 36 percent, the CPCA said, repeating its previous forecast.

China's new energy passenger vehicle sales were 6.5 million units in 2022, up 94 percent year-on-year, the CPCA noted.

Here are the CPCA's wholesale NEV sales for major car companies in April.

Tesla sells 75,842 China-made vehicles in Apr, CPCA data show

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China Deals Electric eMobility eV Fund Raising Industry News Smart Tianqi Lithium

Chinese Lithium giant Tianqi reportedly mulling stake in Mercedes-Geely JV Smart

Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March.

(A Smart #1 on display at the Shanghai auto show in April 2023. Image credit: CnEVPost)

Chinese lithium giant Tianqi Lithium is considering buying a minority stake in Smart Automobile, a joint venture between Mercedes-Benz and Holding Group, as part of the latter's latest round of private funding, Bloomberg said today, citing people familiar with the matter.

Tianqi is in advanced talks to invest $100 million to $200 million in Smart in a deal that could value Smart at several billion dollars, people familiar with the matter said, adding that an agreement could be reached as soon as the next few weeks.

Shenzhen-listed Tianqi, one of China's largest lithium producers, raised about HK$13 billion in a Hong Kong IPO on July 13, 2022.

Mercedes first launched Smart in Germany in 1998 and brought the brand to the US a decade later, with the original two-seat model aimed at urban buyers with crowded parking spaces, the Bloomberg report noted.

Geely and Mercedes-Benz officially announced a 5.4 billion yuan ($783 million) Smart joint venture in Hangzhou Bay, Ningbo, in early 2020.

As part of the agreement, Mercedes-Benz designers will design the Smart cars and Geely will engineer them.

Smart has been considering raising capital as part of its effort to revive the compact car as an all-electric brand. The company was initially aiming to raise between $500 million and $1 billion in fresh funds, according to a Bloomberg report last year.

Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March, according to data monitored by CnEVPost.

The brand currently has only one model on sale in China, the Smart #1, which went on sale in China on April 25, 2022, with deliveries starting on September 24.

The model was designed by Mercedes-Benz, with the Smart R&D team leading the engineering development, and is based on Geely's SEA (Sustainable Experience Architecture) architecture.

On April 17, Smart unveiled its new Smart #3, its second product since its electrification transition, on the eve of the Shanghai auto show.

($1 = RMB 6.8964)

Regulatory filing: Smart's second EV, Smart #3, coming soon

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Auto Show China Electric eMobility eV Industry News

Chengdu auto show to be held from Aug 25 to Sep 3

Last year's Chengdu auto show opened on August 26, but the show, which was to run for 10 days, ended early after four days due to Covid control.

Chengdu auto show to be held from Aug 25 to Sep 3-CnEVPost

(NIO's booth at the 2023 Shanghai auto show. Image credit: CnEVPost)

The date of the annual Chengdu auto show is set, after the Shanghai auto show has just ended and the Beijing auto show has announced its date.

The 26th edition of the Chengdu Motor Show will be held from August 25 to September 3, 2023, the event's organizers mentioned in a post on its official WeChat account Monday.

Separately, information on the Chengdu auto show's official website shows the event will be held at the city's Western China International Expo City, with a media day on August 25.

The Chengdu auto show has become one of China's four A-class auto shows and is the most visible wind vane in the western China auto market, the event's official website reads.

After China's Covid reopening late last year, major events, including auto shows, are highly anticipated because they are important to stimulate economic growth.

The just-concluded biennial Shanghai auto show, held April 18-27, attracted nearly 1 million visitors, with new energy vehicles (NEVs) in the spotlight.

The Shanghai auto show, which officially closed on April 27, hosted more than 13,000 global media workers and had 906,000 visitors, the show's organizers said in an April 27 article.

The total exhibition area of the Shanghai auto show exceeded 360,000 square meters, with 1,413 vehicles on display in the vehicle section, including 513 NEV show cars, according to the article.

On April 21, during the Shanghai auto show, the organizers of the Beijing auto show announced that the 17th Beijing International Automotive Exhibition (Auto China 2024) will be held from April 25 to May 4, 2024, which will mark the event's return after a four-year hiatus.

The Beijing auto show has been held in Beijing every two years since 1990. The 17th Beijing auto show was originally planned for April 21-April 30, 2022, but was cancelled due to Covid concerns.

Prior to that, the 16th Beijing auto show was postponed to September 26-October 5, 2020 due to Covid.

Last year's Chengdu auto show opened on August 26 amid Covid concerns, but the show, which was to run for 10 days, ended early on August 30 due to epidemic control after four days.

More than 1,600 vehicles from 128 brands were on display in Chengdu at the time. Before that show ended, 108 new models were unveiled, more than 40 of which were NEVs.

At last year's Chengdu auto show, NIO presented the full range of models and also brought a battery swap station with a transparent bottom.

Chengdu auto show: Here's what NIO is showcasing

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Auto Show China Electric eMobility eV Industry News

Shanghai auto show ends: Visitors nearly 1 million, NEVs overtake ICEs in new launches

For the first time, NEVs outnumbered traditional fuel vehicles in terms of new launches, organizers of the Shanghai auto show said.

Shanghai auto show ends: Visitors nearly 1 million, NEVs overtake ICEs in new launches-CnEVPost

(Image credit: CnEVPost)

The 10-day Shanghai auto show, the first major auto show since China's Covid re-open, attracted nearly 1 million visitors, with new energy vehicles (NEVs) in the spotlight.

The Shanghai auto show officially closed on April 27, hosting more than 13,000 global media workers and reaching about 906,000 visitors, the show's organizers said in an article today.

The show was held April 18-27 at the National Exhibition and Convention Center in Shanghai, with media days April 18-19, April 20-21 for professional visitors and the general public access on April 22-27.

The Shanghai auto show has a total exhibition area of over 360,000 square meters, with 1,413 vehicles on display in the vehicle section, including 513 NEV show cars, according to the article.

Ninety-three vehicles made their world debut at the show, including 28 from multinational companies. In addition, there were 64 concept cars on display at the event.

A total of 271 NEV models were on display at the event, including 186 from Chinese automakers.

For the first time, NEVs outnumbered traditional fuel vehicles in terms of new launches, the event's organizers said, without providing specific figures.

NEVs occupied key positions on most stands, and the actions of well-known multinational car companies indicate a consensus for a full electrification strategy, the article said.

Shanghai auto show ends: Visitors nearly 1 million, NEVs overtake ICEs in new launches-CnEVPost

(Image credit: CnEVPost)

During the media days of April 18-19, automakers held 151 press conferences.

More than 20 forums, summits, seminars and technical exchange events were held during the Shanghai auto show, providing a platform for the global automotive industry to exchange ideas.

One of the highlights of the Shanghai auto show was the frequent presence of technology executive teams from foreign brands at the booths of Chinese brands, representing the fact that local brands have the ability to talk to the world in the field of NEVs and vehicle intelligence, the article said.

Separately, NIO (NYSE: NIO) had more than 200,000 people visit its booth at the Shanghai auto show, according to figures it released today.

NIO presented six of its latest models based on the NT 2.0 platform at the Shanghai auto show. The company debuted the new ES6 and launched the 2023 ET7 at the event.

Shanghai auto show ends: Visitors nearly 1 million, NEVs overtake ICEs in new launches-CnEVPost

(Image credit: CnEVPost)

Shanghai auto show: EVs take center stage, nearly 40 models equipped with LiDARs

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Buick Buick Electra E5 China Electric eMobility eV Industry News Tesla

Buick Electra E5 gets over 8,000 orders in less than 2 weeks after launch in China

Buick Electra E5's aggressive pricing in China has garnered a good initial reception.

(Image credit: CnEVPost)

Buick's aggressive pricing for the Electra E5, its first electric model based on GM's Ultium platform, seems to be getting good initial results.

The Electra E5 has already received more than 8,000 orders, Buick announced in a post on its official WeChat account yesterday. This comes just 12 days after the model's official launch in China.

Buick launched the Electra E5 in China on April 13, offering five versions with starting prices of RMB 208,900 ($30,130), 222,900, 225,900, 239,900, and 278,900 respectively.

The Electra E5 is a mid-size five-seat SUV with a length, width and height of 4,892 mm, 1,905 mm and 1,655 mm, respectively, and a wheelbase of 2,954 mm.

The starting price of RMB 208,900 is very aggressive for an electric SUV of that size.

BYD's Tang EV starts at RMB 282,800 and measures 4,900 mm in length, 1,950 mm in width and 1,725 mm in height, with a wheelbase of 2,820 mm.

The Model Y, the best-selling electric SUV in China, measures 4,750 mm in length, 1,921 mm in width, 1,624 mm in height, and has a wheelbase of 2,890 mm currently starting at RMB 261,900.

Seventy-eight percent of consumers who ordered the Electra E5 chose versions priced at RMB 225,900 and RMB 239,900, Buick said.

The car is available in three range versions with CLTC ranges of 545 km, 603 km and 620 km.

Its highest-priced, with a range of 603 km, is the dual-motor 4WD version, while the other versions are single-motor versions.

The highest range version has a maximum motor power of 150 kW and uses a ternary lithium battery pack with a capacity of 80 kWh.

The Electra E5 four-wheel drive version has a front permanent magnet synchronous motor with a maximum power of 143 kW and a maximum torque of 305 Nm and a rear induction asynchronous motor with a maximum power of 68 kW and a maximum torque of 160 Nm. It is equipped with an 80-kWh ternary lithium battery pack.

Of the consumers who ordered the Electra E5 so far, 42 percent chose the model with a CLTC range of 620 km, according to Buick.

(1 $= RMB 6.9326)

Buick launches electric SUV Electra E5 in China with competitive pricing

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China CPCA CPCA Estimates Electric eMobility eV EV Data Expectations Industry News Monthly Data

CPCA expects China Apr NEV retail sales to fall 8.4% from Mar to about 500,000 units

April passenger vehicle sales in China are expected to be around 1.57 million units, down 1.3 percent from March, the CPCA said.

CPCA expects China Apr NEV retail sales to fall 8.4% from Mar to about 500,000 units-CnEVPost

China's new energy vehicle (NEV) sales rose significantly this month from a year ago, though they were down from March.

In April, retail sales of NEVs in China are expected to be around 500,000 units, up 77 percent from a year earlier but down 8.4 percent from March, according to estimates released today by the China Passenger Car Association (CPCA).

Survey shows that car companies, which contribute about 80 percent of passenger car sales, are targeting slightly lower retail sales in April than in March, the CPCA said.

According to preliminary projections, China's passenger vehicle sales in April were about 1.57 million units, up 49.8 percent from a year earlier but down 1.3 percent from March, the CPCA said.

That means the penetration of NEVs at retail in April would be 31.8 percent.

Last April, China's auto industry suffered disruption due to the Covid lockdown in Shanghai, with 1.04 million units of all passenger vehicles sold that month, including just 280,000 NEVs.

In the first quarter of this year, China's NEV sales continued to recover, with 545,739 units sold in March, according to the CPCA's final figures released last week. This is slightly higher than the 543,000 units announced by the CPCA on April 11.

In April, the price war in China's auto industry gradually receded and consumers returned to rational consumption, easing the wait-and-see sentiment, the CPCA said in the report today.

The average daily retail sales of major automakers in the first three weeks were 31,500, 36,700 and 54,800, up 8 percent, 23 percent and 26 percent, respectively, from the same period in March, the CPCA said.

But in the fourth week, the average daily retail sales of car companies are expected to fall 14 percent from the fourth week of March, considering that automaker sales usually have an upward pulse at the end of the quarter, according to the CPCA.

With a large number of local government stimulus policies expiring at the end of March and fewer policy incentives in April, no strong stimulus policies are expected to provide support in the short term, the CPCA said.

China's Mar passenger NEV retail up 23.6% MoM to 543,000, CPCA data show

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China Electric eMobility eV Evergrande Hengchi Hengchi 5 Industry News

Evergrande NEV puts Hengchi 5 production on hold due to lack of funds

Evergrande NEV said it plans to resume production of the Hengchi 5 in May.

Evergrande NEV puts Hengchi 5 production on hold due to lack of funds-CnEVPost

(A Hengchi 5 on display at the 2021 Shanghai auto show. Image credit: CnEVPost)

Evergrande New Energy Vehicle Group (Evergrande NEV), the electric vehicle (EV) unit of China's Evergrande Group, has put production of its first model on hold, after warning of the risk a month ago.

Evergrande NEV has already delivered more than 900 Hengchi 5 units to consumers, but will suspend production of the model at its Tianjin plant due to a lack of funding, according to a Hong Kong Stock Exchange announcement yesterday.

The group plans to resume production of the model in May, the announcement added.

Hengchi 5 is the first mass-produced model of Evergrande NEV's Hengchi Auto, and its deliveries started on October 29, 2022.

The model is currently available in only one version, with a starting price of RMB 179,000 ($25,930).

On December 2, Reuters reported that Evergrande NEV suspended mass production of the Hengchi 5 due to a lack of sufficient new orders.

On March 23, Evergrande NEV said in a Hong Kong Stock Exchange announcement that it had continued to push ahead with cost-saving initiatives to focus its financial resources on supporting mass production of Hengchi 5, with layoffs at its Swedish subsidiary National Electric Vehicle Sweden AB.

However, Evergrande NEV would be at risk of halting production in the event that additional liquidity is not available, the announcement said.

The group will plan to launch a number of flagship models if it can seek more than RMB 29 billion in future financing and hopes to get them into mass production, the announcement said.

Interestingly, the Hengchi 5 received an OTA upgrade on April 3, when the H-Pilot assisted driving system became available for the first time.

Trading of Evergrande NEV's shares in Hong Kong has been suspended from April 1, 2022, and the timing for restarting trading has not yet been determined.

($1 = RMB 6.9041)

Hengchi 5 gets assisted driving capability days after Evergrande NEV warns of production halt risk

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