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BYD secures preferential prices for lithium battery raw materials in Chile

Post author By Lei Kang/CnEVPost
Post date April 20, 2023

BYD's project in Chile is designed to produce 50,000 tons of lithium iron phosphate cathode material per year, with an estimated investment of at least $290 million.

(Image credit: CnEVPost)

BYD received preferential prices for lithium carbonate in Chile, where it was awarded a lithium mining contract a year ago in the lithium-rich country.

After an evaluation process that began in November 2022, the Production Development Corporation, Corfo, assigned the status of specialized lithium producer to BYD Chile SpA, the Chilean development agency announced Wednesday.

As a result, BYD Chile SpA will access the preferential price for one of the lithium carbonate quotas available in the corresponding call base, up to 11,244 tons/year of battery grade lithium carbonate (Li2CO3), and a supply contract by SQM Salar SA until the year 2030, for its project BYD Chile Lithium Cathode Plant that will be installed in the Antofagasta Region, according to a statement.

The project is designed to produce 50,000 tons per year of lithium iron phosphate cathode material (LiFePO4) in Chile, using lithium carbonate as a raw material, with an expected investment of at least $290 million.

The project is expected to come into operation in late 2025, and during its investment phase it plans to create 500 jobs, the statement said.

On August 31, 2022, Corfo opened a call for companies to present proposals for the materialization of investment projects that allow the preparation and execution in Chile of lithium value-added products.

On November 7, 2022, the first application entered the call through the permanent application model and was declared admissible on November 22 and began to be evaluated according to the different dimensions and factors described in the basis of the call, the statement said.

This follows the award of one of the five lithium mining contracts to BYD Chile SpA in January last year.

BYD, China's largest maker of new energy vehicles (NEVs), is also one of the largest manufacturers of power batteries.

BYD's power battery installed base in China in March was 7.40 GWh, ranking second with a 26.65 percent share, according to data released earlier this month by the China Automotive Battery Innovation Alliance (CABIA).

CATL's power battery installed base in March was 12.49 GWh, continuing to rank first with a 44.95 percent share.

NIO enters race for lithium with Australian investment

The post BYD secures preferential prices for lithium battery raw materials in Chile appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tags CATL

Electric eMobility eV

Chinese EV Maker HiPhi Unveils New Model, the “Y” and Plans to Expand to Europe

Post author By CleanTechnica
Post date April 20, 2023

Yesterday at the Shanghai Auto Show, Chinese EV (electric vehicle) maker HiPhi unveiled its third model: the “Y.” The HiPhi Y joins the company’s two existing models, the X and Z. But perhaps more importantly, the company announced plans to export their cars outside of China to Europe in 2023 and to the Middle East […]

China Deliveries Electric eMobility eV EV Data Insurance Registrations Li Auto Neta Nio Tesla Weekly Data XPeng

Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, NIO 700

Post author By Phate Zhang/CnEVPost
Post date April 20, 2023

NIO's weak performance may be because it is on the eve of multiple product switches, as it will begin deliveries of the new ET7, new ES6, EC7 in May and will begin deliveries of the new ES8 in June.

Tesla (NASDAQ: TSLA) and Li Auto (NASDAQ: LI) kept sales strong last week, while NIO (NYSE: NIO) was weak, the latest data show.

Li Auto sold 6,300 units in the week of April 10 to April 16, far outpacing China's other new car-making brands, the automaker said in an April 19 post to its WeChat account.

Li Auto didn't say what the sales figure was based on, but it was apparently insurance registrations. Previously, we had access to the data every Tuesday, and Li Auto's practice was to share some of it on Wednesdays.

The main source that provides data on auto insurance registrations in China stopped sharing that data this month, but Li Auto continues to share some of it.

Tesla sold 12,500 units last week, according to the data table shared by Li Auto. Tesla's sales in the previous week were 6,973, according to data previously shared by Li Auto.

NIO sold about 700 units last week, according to the data. The electric vehicle maker sold 1,316 units in the previous week.

NIO's weak performance may be because it is on the eve of multiple product switches. It launched the new ET7 and unveiled the new ES6 on the first day of the Shanghai auto show on April 18, with deliveries both set to begin in May.

In addition to the new ET7 and the new ES6, NIO will also start delivering the EC7 coupe SUV in May and will start delivering the new ES8 in June, according to plans it previously annouced.

XPeng sold 1,300 units last week, up from 904 units the week before, according to data shared by Li Auto. XPeng unveiled the new SUV G6 on the first day of the Shanghai auto show on April 18, but pricing information is unknown.

Zeekr sold 1,600 units last week, up from 1,476 the week before. Leapmotor sold 1,700 units last week, up from 1,157 the week before. Neta sold 1,800 units last week, up from 1,526 the week before.

Among premium brands, BMW sold 14,500 cars last week including internal combustion engine vehicles as well as NEVs, Mercedes-Benz 13,400 and Audi 12,600, according to data shared by Li Auto.

Separately, retail sales of NEVs in China from April 1-16 were 223,000 units, up 89 percent year-on-year and up 13 percent from the same period last month, according to data released yesterday by the China Passenger Car Association (CPCA).

Considering that NEV retail sales were 91,000 from April 1 to April 9, this means that during the week of April 10 to April 16, NEV retail sales in China were 132,000 units, up 45 percent from the previous week.

From April 10-16, retail sales of all passenger vehicles in China were 335,328 units, up 80 percent year-on-year and up 23 percent from the same period last month, according to the CPCA.

Insurance registrations for week ending Apr 9: Tesla 6,973, Li Auto 4,177, NIO 1,316

The post Insurance registrations for week ending Apr 16: Tesla 12,500, Li Auto 6,300, NIO 700 appeared first on CnEVPost.

For more articles, please visit CnEVPost.

Tags Li Auto, Tesla, XPeng, Zeekr

Electric eMobility eV

Ford Establishes New Division For AI & Autonomy

Post author By CleanTechnica
Post date April 20, 2023

In this article, I want to share some news from Ford about its new AI and autonomous vehicle division, named Latitude AI. But, to really understand why this is an important move, we need to first look at the history of autonomous vehicles. Some Background It seems like not too long ago that the idea […]

Electric eMobility eV

Range Rover, Defender, Discovery To Become Brands In Reimagined JLR

Post author By Christopher Smith
Post date April 19, 2023

Jaguar Land Rover will invest $18.6 billion in a massive rebranding towards an electric future, becoming JLR in the process.

Electric eMobility eV

BYD Confirms Dolphin And Seal Are Coming To Europe This Year

Post author By Dan Mihalascu
Post date April 19, 2023

Prices haven't been announced yet, but the Dolphin will reportedly start at around $33,000 (30,000 euros) in Europe.

Electric eMobility eV

Tesla Q1 2023 Earnings Report: Profitable Again, Strong Margins Despite Price Cuts

Post author By Eric Loveday
Post date April 19, 2023

Another positive quarter for Tesla is in the books.

Electric eMobility eV

CleanTechnica Tested: GOTRAX Shift S2 E-bike

Post author By CleanTechnica
Post date April 19, 2023

Meet the Shift S2 folding micro bike from GOTRAX, one of the smallest, most oddly practical e-mobility solutions for cramped urban apartments and dorm-dwelling commuters you can buy! And, yes: that GOTRAX — which is to say that, despite its recent entry into the e-bike space, GOTRAX is still best known for its compact and […]