Tag: Li Auto

China Electric eMobility eV Li Auto Price Cut

Li Auto rolls out price protection policy amid China auto price war

Post author By Lei Kang/CnEVPost
Post date March 14, 2023

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto's move helps to allay potential consumers' concerns to some extent.

Li Auto US | Li Auto HK

(Image credit: Li Auto)

As the price war in China's auto industry continues, Li Auto (NASDAQ: LI) is telling consumers that it won't be cutting prices, at least they don't need to worry about it in the short term.

An image circulating on the Chinese internet on March 13 shows Li Auto rolling out a consumer price protection policy covering all of the company's currently available models -- the Li L7, Li L8 and Li L9.

For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.

The policy is in effect from March 11 to March 31, and the price reduction Li Auto refers to includes both a drop in the vehicle's official prices and the cash-off benefits the company offers, according to the image.

In a report today, local media outlet The Paper quoted Li Auto salespeople as saying the image is true.

The policy, which is available to consumers when they purchase the Li L7, Li L8 and Li L9, is primarily intended to make clear to them that Li Auto will not be dropping prices, the salesperson said.

On March 2, Li Auto founder, chairman and CEO Li Xiang said on Weibo that the price of lithium carbonate would be drastically reduced no matter what because the demand is far less than expected.

He said at the time in the comments section of that Weibo that Li Auto's models would not be reduced in price.

Notably, a wave of price cuts then began in the Chinese auto industry, with some internal combustion engine automakers starting to offer huge discounts.

The increasing number of car companies joining the price war has also led to an increased wait-and-see sentiment among consumers to avoid seeing price cuts soon after purchasing a car.

Li Auto's move will partly contribute to allaying the company's potential consumers' concerns and thus help it achieve its sales targets.

Li Auto has an internal goal of 25,000-30,000 monthly deliveries and will aim to meet that goal in the second quarter, its management said in a February 27 analyst call after announcing fourth-quarter earnings.

The company delivered 16,620 vehicles in February, up 9.77 percent from 15,141 in January and up 97.53 percent from 8,414 in the same month last year.

Li Auto guided for deliveries of 52,000 to 55,000 vehicles in the first quarter when it reported fourth-quarter earnings. The company's delivery figures for February mean it is on track to deliver 20,239 to 23,239 vehicles in March.

China auto price war: BMW dealers offer discounts of up to $14,360 for i3

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China Deliveries Electric eMobility eV Li Auto Li L7

Li Auto begins deliveries of its first 5-seat SUV Li L7

Post author By Phate Zhang/CnEVPost
Post date March 11, 2023

Li Auto has an internal goal of 25,000-30,000 monthly deliveries and will aim to meet the goal in the second quarter, its management said last month.

Li Auto US | Li Auto HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) began deliveries of its new SUV, the Li L7, on March 11, a month after the model was launched.

Starting today, deliveries of the Li L7 will begin in China to meet the needs of a wider segment of family customers, the company said.

With the start of deliveries of the Li L7, Li Auto further solidifies its market position in the RMB 300,000 ($43,440) - 400,000 price range as the luxury SUV brand of choice for families, it said.

Li Auto officially made the Li L7, its first five-seat SUV, available on February 8. Its other two models currently on sale, the Li L9 and Li L8, are both six-seat models.

The Li L7 is available in Air, Pro and Max versions, with starting prices of RMB 319,800, 339,800 and 379,800 respectively.

Li Auto said at the launch of the Li L7 that deliveries of the Li L7 Pro and the Li L7 Max are expected to begin on March 1, and deliveries of the Li L7Air will begin in early April.

Today's latest development means that the start of Li L7 deliveries is 10 days later than the company had planned.

Deliveries of the Li L7 Pro and Li L7 Max were the first to begin today, with deliveries of the Li L7 Air scheduled to begin in early April, Li Auto said today.

All of Li Auto's current models are extended-range electric vehicles (EREVs), essentially PHEVs, which are considered to have no range anxiety and therefore have a larger total addressable market.

Li Auto delivered 16,620 vehicles in February, up 9.77 percent from 15,141 in January and up 97.53 percent from 8,414 in the same month last year, according to data it released on March 1.

Li Auto guided for first-quarter deliveries of 52,000 to 55,000 vehicles when it reported fourth-quarter earnings on February 27.

The company's delivery figures for February mean it is on track to deliver 20,239 to 23,239 vehicles in March.

Li Auto management said in an analyst call after announcing its fourth-quarter earnings that the company has an internal target of 25,000 to 30,000 monthly deliveries and will aim to achieve that target in the second quarter.

April will be the first full delivery month for the Li L7 Pro and Li L7 Max, and May will be the first full delivery month for the Air product line, its management stressed at the time.

When Li Auto launched the Li L7 on February 8, it also introduced a cheaper Air version for the Li L8.

The current starting prices for the Li L8 Air, Li L8 Pro and Li L8 Max are RMB 339,800, 359,800 and 399,800 respectively.

The Li L9 is still only available in the Max version, with a starting price of RMB 459,800.

(1 $ = RMB 6.9063)

Li Auto to build charging stations at 'NIO pace', report says

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charging China Electric eMobility eV Li Auto Nio

Li Auto to build charging stations at ‘NIO pace’, report says

Post author By Phate Zhang/CnEVPost
Post date March 10, 2023

Li Auto is aiming to build about 300 super-fast charging stations this year, and NIO also plans to add 10,000 new charging piles this year, according to local media.

LI.US | 2015.HK

(Image credit: Li Auto)

Li Auto (NASDAQ: LI) is starting to build out its charging infrastructure as its first all-electric model is set to be launched this year.

Li Auto's infrastructure build-out will enter the "NIO pace," with the company setting a goal of building about 300 super-fast charging stations within the year, with about 10 already deployed in highway service areas, a 36kr report today said, citing people familiar with the matter.

The move is in preparation for the launch of Li Auto's first all-electric model, which will be an all-electric MPV expected to be released by the end of 2023, and ultra-fast charging will be one of the highlights of the vehicle, according to the report.

Earlier this week, one of Li Auto's under-construction 800 V charging stations was seen at a highway service area in China, sparking widespread discussion in the Chinese community.

All of Li Auto's current models are extended-range electric vehicles (EREVs), which are essentially plug-in hybrids. Because these vehicles can be refueled, Li Auto has not started working on charging facilities in the past few years.

By 2025, Li Auto will have built a total of 3,000 supercharging stations, at a total cost of 10 billion yuan ($1.44 billion), Li Xiang, the company's founder, chairman and CEO, said in a media event last week.

For a company with annual revenues in the RMB 100 billion range, these costs are not as high as one might think after being spread out over five years, he said.

Li Auto is very confident about the coverage of supercharging piles along highways because China has been encouraging car companies to build supercharging stations since last year, he said.

The company's supercharging stations will be open to other models built on the 800 V platform, ensuring that each of its peer brands can also charge at a high level of efficiency, according to Li.

In China, NIO (NYSE: NIO) is one of the most aggressive car companies in building charging infrastructure.

NIO announced at NIO Day late last year that the company plans to add 400 new battery swap stations in 2023.

However, on February 21, William Li, NIO's founder, chairman and CEO, said that plan was far from enough and upped it to 1,000 stations.

"We have set a new goal of adding 1,000 new battery swap stations in 2023, for a cumulative total of more than 2,300 stations by the end of 2023," Li said in an article posted to the NIO App last month.

Of the 1,000 new stations, about 400 will be located near highway service areas or highway entrances and exits. The other 600 or so will be deployed in urban areas.

The 36kr report today quotes an NIO employee as saying that in addition to its aggressive battery swap station goal, the company also plans to add 10,000 new charging piles this year.

Those additions include superchargers and destination charging piles, covering both domestic and foreign markets, according to the report.

As of March 10, NIO had 1,321 battery swap stations in China, as well as 2,383 charging stations offering 14,054 charging piles, according to data monitored by CnEVPost.

In addition to Li Auto and NIO, their local counterpart XPeng (NYSE: XPEV) is also fast-tracking the construction of energy replenishment facilities.

On August 15, 2022, XPeng showcased its S4 Supercharging technology and announced the completion of its first S4 supercharger in Guangzhou, where it is headquartered.

This S4 fast charging pile has a maximum power of 480 kW, a maximum current of 670 A and a peak charging power of 400 kW, enabling the vehicle to obtain a CLTC range of 210 km in 5 minutes.

Last September 21, XPeng said at the G9 launch that it expects to add more than 500 S4 supercharging stations in 2023 and that the number will exceed 2,000 by 2025.

The reason for these aggressive moves is that there are limited site resources suitable for building such facilities.

Most highway service areas in China don't have much power redundancy, and after considering NIO's battery swap stations and State Grid's charging facilities, there aren't really many suitable site resources left, 36kr quoted an unnamed car company source as saying.

($1 = 6.9606 RMB)

NIO reveals aggressive plan to add 1,000 swap stations in 2023

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Tags Li Auto, NIO, XPeng

China CPCA CPCA Ranking Electric eMobility eV EV Data Industry News Monthly Data Tesla Top EVs

Full CPCA rankings: Top-selling models and automakers in China in Feb

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

This article contains 20 tables compiled by CnEVPost based on data from the CPCA, showing which models and car companies sold the most in China in February.

The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry.

CnEVPost highlighted the NIO ET5 and Tesla's Model Y on these lists in yesterday's articles.

Here are 20 tables CnEVPost compiled based on data from the CPCA, in case you wish to know more details about these rankings.

Top-selling sedans at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Qin	30,540	24,501	24.6%
2	Hongguang Mini EV	30,267	26,116	15.9%
3	Nissan Sylphy	26,102	28,519	-8.5%
4	BYD Dolphin	22,682	8,561	164.9%
5	Volkswagen Lavida	21,269	26,707	-20.4%
6	Aion S	16,827	3,380	397.8%
7	Volkswagen Sagitar	14,526	12,540	15.8%
8	Toyota Camry	14,401	14,228	1.2%
9	Honda Accord	13,218	13,816	-4.3%
10	Toyota Levin	13,200	9,142	44.4%
11	Toyota Corolla	12,899	15,595	-17.3%
12	Geely Emgrand	12,347	12,574	-1.8%
13	BYD Han	12,265	9,284	32.1%
14	Audi A6L	12,167	8,153	49.2%
15	Mercedes-Benz E-Class	12,153	9,378	29.6%

Top-selling sedans at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Nissan Sylphy	49,609	78,501	-36.8%
2	Volkswagen Lavida	48,186	71,995	-33.1%
3	Wuling Hongguang Mini	46,683	52,798	-11.6%
4	BYD Qin	44,725	51,043	-12.4%
5	BYD Dolphin	40,264	19,163	110.1%
6	Volkswagen Sagitar	34,980	40,275	-13.1%
7	Toyota Camry	28,797	39,178	-26.5%
8	Honda Accord	27,812	36,723	-24.3%
9	Mercedes-Benz E-Class	26,696	30,398	-12.2%
10	BMW 5 Series	25,737	35,444	-27.4%
11	Toyota Corolla	25,489	26,242	-2.9%
12	Audi A6L	24,632	21,220	16.1%
13	Geely Emgrand	24,491	32,825	-25.4%
14	BYD Han	23,983	22,064	8.7%
15	Volkswagen Bora	23,596	32,040	-26.4%

Top-selling high-end sedans at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	Audi A6L	12,167	8,153	49.2%
2	Mercedes-Benz E-Class	12,153	9,378	29.6%
3	Mercedes-Benz C-Class	11,869	5,298	124.0%
4	BMW 5 Series	9,609	9,352	2.7%
5	BMW 3 Series	8,868	10,185	-12.9%
6	Audi A4L	6,935	9,460	-26.7%
7	NIO ET5	6,471	NA	NA
8	BMW 3 Series BEV	2,976	NA	NA
9	Volvo S90	2,893	1,666	73.6%
10	Hongqi H9	1,159	1,477	-21.5%
High-end models are those with a starting price of more than RMB 300,000.

Top-selling high-end sedans at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Mercedes-Benz E-Class	26,696	30,398	-12.2%
2	BMW 5 Series	25,737	35,444	-27.4%
3	Audi A6L	24,632	21,220	16.1%
4	Mercedes-Benz C-Class	17,762	15,571	14.1%
5	BMW 3 Series	16,627	34,581	-51.9%
6	NIO ET5	12,266	NA	NA
7	Audi A4L	11,878	26,204	-54.7%
8	BMW 3 Series BEV	6,600	NA	NA
9	Volvo S90	5,174	4,552	13.7%
10	Hongqi H9	1,962	4,563	-57.0%
High-end models are those with a starting price of more than RMB 300,000.

Top-selling new energy sedans at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Qin	30,540	24,501	24.6%
2	Wuling Hongguang Mini	30,267	26,116	15.9%
3	BYD Dolphin	22,682	8,561	164.9%
4	Aion S	16,827	3,380	397.8%
5	BYD Han	12,265	9,284	32.1%
6	Changan Lumin	9,105	NA	NA
7	Tesla Model 3	8,397	4,607	82.3%
8	BYD Seal	7,754	NA	NA
9	Geely Panda Mini	6,661	NA	NA
10	NIO ET5	6,471	NA	NA
11	BYD Destroyer 05	4,760	NA	NA
12	Shenlan SL03	4,103	NA	NA
13	Chery QQ Ice Cream	3,134	6,442	-51.4%
14	BMW 3 Series BEV	2,976	NA	NA
15	Buick Velite 6	2,923	2,014	45.1%

Top-selling new energy sedans at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Wuling Hongguang Mini	46,683	52,798	-11.6%
2	BYD Qin	44,725	51,043	-12.4%
3	BYD Dolphin	40,264	19,163	110.1%
4	BYD Han	23,983	22,064	8.7%
5	Aion S	21,918	10,429	110.2%
6	Tesla Model 3	21,056	7,595	177.2%
7	BYD Seal	14,372	NA	NA
8	Changan Lumin	13,816	NA	NA
9	NIO ET5	12,266	NA	NA
10	Shenlan SL03	10,240	NA	NA
11	BYD Destroyer 05	9,616	NA	NA
12	Hongqi E-QM5	9,174	1,130	711.9%
13	Geely Panda Mini	6,661	NA	NA
14	BMW 3 Series BEV	6,600	NA	NA
15	Chery QQ Ice Cream	5,870	16,426	-64.3%

Top-selling SUVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Song	51,592	24,532	110.3%
2	Tesla Model Y	25,526	18,593	37.3%
3	BYD Yuan Plus	20,279	4,515	349.1%
4	Haval H6	16,489	18,790	-12.2%
5	Honda CR-V	14,052	22,260	-36.9%
6	Changan CS75	13,410	12,297	9.1%
7	Changan CS55	13,086	5,013	161.0%
8	Aion Y	12,996	2,986	335.2%
9	BYD Tang	12,029	10,026	20.0%
10	Geely Boyue L	11,637	NA	NA
11	Hongqi HS5	11,320	9,106	24.3%
12	BMW X3	11,317	8,819	28.3%
13	Nissan Qashqai	9,704	9,743	-0.4%
14	Geely Xingyue L	9,611	7,022	36.9%
15	Toyota Wildlander	9,383	7,994	17.4%

Top-selling SUVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	BYD Song	101,301	46,981	115.60%
2	Tesla Model Y	39,710	34,951	13.60%
3	Changan CS75	35,030	44,419	-21.10%
4	BYD Yuan Plus	34,621	6,515	431.40%
5	Haval H6	33,152	52,108	-36.40%
6	Changan CS55	26,106	34,864	-25.10%
7	Geely Boyue L	25,272	NA	NA
8	Mercedes-Benz GLC	23,125	32,289	-28.40%
9	BMW X3	21,930	28,361	-22.70%
10	Honda CR-V	21,690	39,875	-45.60%
11	BYD Tang	20,571	18,873	9.00%
12	Geely Xingyue L	19,859	18,505	7.30%
13	Hongqi HS5	17,947	25,385	-29.30%
14	Geely Binyue	17,900	14,952	19.70%
15	Aion Y	17,788	9,399	89.30%

Top-selling high-end SUVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BMW X3	11,317	8,819	28.3%
2	Mercedes-Benz GLC	8,808	9,958	-11.5%
3	Audi Q5L	8,414	8,859	-5.0%
4	Li Auto L8	8,192	NA	NA
5	Li Auto Li L9	7,299	NA	NA
6	BMW X5	7,034	NA	NA
7	Mercedes-Benz GLB	5,954	3,030	96.5%
8	Volvo XC60	4,973	3,085	61.2%
9	Cadillac XT5	3,483	3,154	10.4%
10	Volkswagen Teramont	3,085	2,655	16.2%

Top-selling high-end SUVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Mercedes-Benz GLC	23,125	32,289	-28.4%
2	BMW X3	21,930	28,361	-22.7%
3	BMW X5	17,728	NA	NA
4	Li Auto Li L9	15,295	NA	NA
5	Audi Q5L	14,881	25,921	-42.6%
6	Li Auto L8	14,291	NA	NA
7	Volvo XC60	9,769	8,249	18.4%
8	Mercedes-Benz GLB	9,138	9,537	-4.2%
9	Volkswagen Teramont	5,945	7,491	-20.6%
10	Cadillac XT5	4,340	8,331	-47.9%

Top-selling new energy SUVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	BYD Song	51,592	22,754	126.70%
2	Tesla Model Y	25,526	18,593	37.30%
3	BYD Yuan Plus	20,279	4,515	349.10%
4	Aion Y	12,996	2,986	335.20%
5	BYD Tang	12,029	10,026	20.00%
6	Li Auto L8	8,192	NA	NA
7	Li Auto Li L9	7,299	NA	NA
8	BYD Frigate 07	6,429	NA	NA
9	Neta V	5,013	4,073	23.10%
10	Zeekr 001	4,839	2,916	65.90%
11	Smart #1	3,616	NA	NA
12	Neta U	3,012	3,044	-1.10%
13	BMW X3	2,859	1,472	94.20%
14	NIO ES6	2,848	3,309	-13.90%
15	AITO M5	2,298	1,061	116.60%

Top-selling new energy SUVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	BYD Song	101,301	43,476	133.0%
2	Zeekr 001	39,710	34,951	13.6%
3	Tesla Model Y	34,621	6,515	431.4%
4	BYD Yuan Plus	20,571	18,873	9.0%
5	BYD Tang	17,788	9,399	89.3%
6	Aion Y	15,295	NA	NA
7	Li Auto Li L9	14,291	NA	NA
8	Li Auto L8	11,472	NA	NA
9	BYD Frigate 07	8,500	10,555	-19.5%
10	Neta V	7,955	6,446	23.4%
11	Smart #1	6,786	NA	NA
12	BMW X3	5,122	3,203	59.9%
13	AITO M5	5,030	1,876	168.1%
14	Neta U	4,024	7,571	-46.8%
15	NIO ES6	3,720	8,556	-56.5%

Top-selling MPVs at retail in China in Feb 2023
Ranking	Model	Feb 2023	Feb 2022	YoY
1	Wuling Hongguang	12,933	17,847	-27.50%
2	Buick GL8	8,011	9,090	-11.90%
3	Denza D9	7,325	NA	NA
4	GAC Trumpchi M8	6,331	5,001	26.60%
5	Toyota Sienna	5,653	4,120	37.20%
6	Toyota Granvia	4,384	NA	NA
7	Wuling Jiachen	3,921	NA	NA
8	GAC Trumpchi M6	3,745	2,039	83.70%
9	Dongfeng Fengxing Lingzhi	2,919	3,357	-13.00%
10	Honda Elysion	2,750	2,497	10.10%
11	Honda Odyssey	2,033	3,069	-33.80%
12	Brilliance Xinyuan Jinhaishi	1,700	781	117.70%
13	JAC Ruifeng	1,686	1,007	67.40%
14	Buick Century	1,614	NA	NA
15	Mercedes-Benz Vito	1,408	847	66.20%

Top-selling MPVs at retail in China in Jan-Feb 2023
Ranking	Model	Jan-Feb 2023	Jan-Feb 2022	YoY
1	Wuling Hongguang	23,415	43,910	-46.70%
2	Denza D9	13,763	NA	NA
3	Toyota Sienna	12,274	8,449	45.30%
4	Buick GL8	11,328	25,147	-55.00%
5	GAC Trumpchi M8	10,862	7,010	55.00%
6	Wuling Jiachen	8,553	NA	NA
7	GAC Trumpchi M6	6,252	8,350	-25.10%
8	Toyota Granvia	6,234	NA	NA
9	Honda Elysion	4,297	4,788	-10.30%
10	Dongfeng Fengxing Lingzhi	4,090	8,399	-51.30%
11	Honda Odyssey	3,792	7,921	-52.10%
12	Buick Century	3,204	NA	NA
13	JAC Ruifeng	3,186	3,606	-11.60%
14	Brilliance Xinyuan Jinhaishi	2,165	1,141	89.70%
15	Mercedes-Benz V-Class	2,064	2,797	-26.20%

Automakers with highest retail sales of NEVs in China in Feb 2023
Ranking	Automaker	Feb 2023	Feb 2022	YoY	Share
1	BYD	176,662	86,669	103.8%	39.8%
2	Tesla China	33,923	23,200	46.2%	7.6%
3	SAIC-GM-Wuling	32,709	29,229	11.9%	7.4%
4	GAC Aion	30,086	8,526	252.9%	6.8%
5	Geely	22,391	13,697	63.5%	5.0%
6	Changan	19,106	5,560	243.6%	4.3%
7	Li Auto	16,620	8,414	97.5%	3.7%
8	NIO	12,157	6,131	98.3%	2.7%
9	Neta	10,073	7,117	41.5%	2.3%
10	Chery	7,999	10,718	-25.4%	1.8%
11	Great Wall Motor	7,405	6,347	16.7%	1.7%
12	BMW Brilliance	6,568	2,762	137.8%	1.5%
13	FAW-Volkswagen	6,069	4,934	23.0%	1.4%
14	XPeng	6,010	6,225	-3.5%	1.4%
15	SAIC-GM	3,694	2,208	67.3%	0.8%

Automakers with highest retail sales of NEVs in China in Jan-Feb 2023
Ranking	Automaker	Jan-Feb 2023	Jan-Feb 2022	YoY	Share
1	BYD	316,417	179,457	76.3%	40.8%
2	Tesla China	60,766	42,546	42.8%	7.8%
3	SAIC-GM-Wuling	50,433	59,563	-15.3%	6.5%
4	GAC Aion	40,292	24,557	64.1%	5.2%
5	Changan	37,332	15,412	142.2%	4.8%
6	Geely	32,674	31,102	5.1%	4.2%
7	Li Auto	31,761	20,682	53.6%	4.1%
8	NIO	20,663	15,783	30.9%	2.7%
9	Neta	16,089	18,126	-11.2%	2.1%
10	BMW Brilliance	13,705	7,986	71.6%	1.8%
11	Chery	13,293	31,367	-57.6%	1.7%
12	Great Wall Motor	12,474	19,720	-36.7%	1.6%
13	XPeng	11,228	19,147	-41.4%	1.4%
14	FAW Hongqi	11,059	1,802	513.7%	1.4%
15	FAW-Volkswagen	9,572	10,442	-8.3%	1.2%

Automakers with highest retail sales in China in Feb 2023
Ranking	Automaker	Feb 2023	Feb 2022	YoY	Share
1	BYD	176,662	89,102	98.30%	12.70%
2	FAW-Volkswagen	110,511	104,945	5.30%	8.00%
3	Changan	92,802	60,682	52.90%	6.70%
4	Geely	91,179	68,627	32.90%	6.60%
5	SAIC-Volkswagen	74,013	80,158	-7.70%	5.30%
6	GAC Toyota	67,029	53,094	26.20%	4.80%
7	SAIC-GM-Wuling	57,307	59,967	-4.40%	4.10%
8	Dongfeng Nissan	56,719	63,583	-10.80%	4.10%
9	SAIC-GM	53,021	73,021	-27.40%	3.80%
10	FAW Toyota	49,959	60,313	-17.20%	3.60%
11	BMW Brilliance	49,342	37,001	33.40%	3.60%
12	Beijing Benz	46,855	32,685	43.40%	3.40%
13	Great Wall Motor	39,472	55,666	-29.10%	2.80%
14	Chery	39,135	33,608	16.40%	2.80%
15	Dongfeng Honda	38,307	54,907	-30.20%	2.80%

Automakers with highest retail sales in China in Jan-Feb 2023
Ranking	Automaker	Jan-Feb 2023	Jan-Feb 2022	YoY	Share
1	BYD	316,417	184,134	71.8%	11.8%
2	FAW-Volkswagen	221,946	295,719	-24.9%	8.3%
3	Changan	209,825	204,238	2.7%	7.8%
4	Geely	179,526	201,117	-10.7%	6.7%
5	SAIC-Volkswagen	154,631	217,775	-29.0%	5.8%
6	GAC Toyota	128,142	140,731	-8.9%	4.8%
7	SAIC-GM	108,042	193,042	-44.0%	4.0%
8	BMW Brilliance	106,109	126,084	-15.8%	4.0%
9	Dongfeng Nissan	102,337	174,520	-41.4%	3.8%
10	SAIC-GM-Wuling	101,572	145,738	-30.3%	3.8%
11	FAW Toyota	93,746	101,158	-7.3%	3.5%
12	Beijing Benz	89,212	102,752	-13.2%	3.3%
13	Chery	80,269	110,194	-27.2%	3.0%
14	Great Wall Motor	77,205	145,407	-46.9%	2.9%
15	GAC Honda	76,136	131,678	-42.2%	2.8%

Automakers with highest wholesale sales in China in Feb 2023
Ranking	Automaker	Feb 2023	Feb 2022	YoY	Share
1	BYD	191,664	90,268	112.3%	11.9%
2	Changan	116,407	69,014	68.7%	7.2%
3	Geely	108,701	78,478	38.5%	6.7%
4	FAW-Volkswagen	105,007	128,876	-18.5%	6.5%
5	Chery	96,553	54,405	77.5%	6.0%
6	Tesla China	74,402	56,515	31.7%	4.6%
7	SAIC-Volkswagen	73,303	90,604	-19.1%	4.5%
8	SAIC-GM	68,157	76,006	-10.3%	4.2%
9	Dongfeng Nissan	66,818	86,301	-22.6%	4.1%
10	GAC Toyota	63,200	50,100	26.1%	3.9%
11	SAIC Passenger Vehicle	58,336	64,007	-8.9%	3.6%
12	FAW Toyota	54,888	75,918	-27.7%	3.4%
13	BMW Brilliance	52,871	43,558	21.4%	3.3%
14	Beijing Benz	52,300	40,000	30.8%	3.2%
15	Great Wall Motor	51,053	59,155	-13.7%	3.2%

Automakers with highest wholesale sales in China in Jan-Feb 2023
Ranking	Automaker	Jan-Feb 2023	Jan-Feb 2022	YoY	Share
1	BYD	341,828	185,623	84.2%	11.2%
2	Changan	239,881	228,247	5.1%	7.8%
3	FAW-Volkswagen	217,040	311,876	-30.4%	7.1%
4	Geely	212,153	224,858	-5.7%	6.9%
5	Chery	191,766	135,643	41.4%	6.3%
6	SAIC-Volkswagen	145,311	221,211	-34.3%	4.7%
7	Tesla China	140,453	116,360	20.7%	4.6%
8	GAC Toyota	138,700	150,000	-7.5%	4.5%
9	SAIC-GM	123,158	186,013	-33.8%	4.0%
10	SAIC Passenger Vehicle	113,630	130,241	-12.8%	3.7%
11	BMW Brilliance	111,138	122,645	-09.4%	3.6%
12	Dongfeng Nissan	101,837	213,424	-52.3%	3.3%
13	Great Wall Motor	100,892	158,073	-36.2%	3.3%
14	Beijing Benz	96,310	93,800	2.7%	3.1%
15	FAW Toyota	91,352	127,370	-28.3%	3.0%

The post Full CPCA rankings: Top-selling models and automakers in China in Feb appeared first on CnEVPost.

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Tags BYD, GAC Aion, Geely, Li Auto, Neta, NIO, Tesla, XPeng, Zeekr

CATL China Electric eMobility eV Li Auto Lithium Lithium Prices Nio Zeekr

CATL confirms it’s negotiating new prices with EV makers

Post author By Phate Zhang/CnEVPost
Post date March 10, 2023

CATL's lithium sharing program is not for price reduction purposes, but rather the company already owns some mineral resources and doesn't want to reap windfall profits, its management said.

Last month it was reported that CATL was pushing a lithium rebate program to electric vehicle (EV) makers to drive down the cost of battery purchases for a handful of customers. Now, for the first time, the power battery giant has acknowledged the move.

CATL's lithium-sharing program is not for the purpose of lowering prices, but rather the company already owns some mineral resources and doesn't want to reap windfall profits, its management said Thursday.

The company released its 2022 annual report Thursday and held an investor call afterward in which its management made those comments, according to a meeting minutes it released today.

CATL hopes to be able to share with long-term strategic customers and is moving forward with relevant communications, the company said.

On February 17, local media outlet 36kr first reported on CATL's plan, saying it was not for all customers, but for several strategic customers including NIO (NYSE: NIO), Li Auto (NASDAQ: LI), Huawei and Zeekr.

The core terms of the partnership include that CATL will settle a portion of the price of power battery supply with car companies at a rate of RMB 200,000 ($28,720) per ton of lithium carbonate for the next three years.

At the same time, automakers signing the partnership will be required to commit about 80 percent of their battery purchases to CATL, according to the report.

CATL did not confirm the report at the time, though Li Auto and NIO both mentioned the program in their respective subsequent earnings calls.

In response to the rumored new pricing arrangement, Li Auto and CATL were in negotiations, the EV maker said during an analyst call following the February 27 announcement of its fourth-quarter earnings.

Whether it's lithium price concessions or battery prices linked to raw materials, it would be good news if battery prices could be brought back to a rational range, Li Auto's management said.

Asked about the topic during a conference call on March 1, NIO's management said the company is also in the process of discussions with CATL.

"Of course, we will maintain a long-term strategic relationship with CATL, and we are discussing some new pricing mechanisms with them," said William Li, NIO founder, chairman and CEO.

Battery makers also recognize that they must share the price volatility of battery materials with car companies, Li said at the time.

Back at CATL, the company's annual report, released yesterday, showed it posted a 39 percent quarter-on-quarter increase in net profit in the fourth quarter and further improved gross margins to 22.57 percent.

CATL's management, when asked about the lithium industry overhaul in Yichun, Jiangxi, said it had essentially no impact on the company, and its projects there are moving forward as planned.

The overhaul is mainly aimed at correcting the chaos in local lithium mining, which is beneficial to compliant companies in the long run, CATL's management said.

In Yichun, nicknamed the "lithium capital of Asia," local lithium miners have shut down production for an industry-wide overhaul, Yicai reported on February 26.

Analysts fear that this may bring disruption to the lithium supply, thus halting the downward trend in lithium prices. But such fears have not materialized.

Lithium carbonate prices have continued to fall over the past two weeks, with battery-grade lithium carbonate falling to RMB 367,000 per ton on March 9 and industrial-grade lithium carbonate falling to RMB 332,500 per ton, both one-year lows.

($1 = RMB6.9643)

CATL reportedly cutting battery costs significantly for some clients including NIO, Li Auto

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Tags CATL, Huawei, Li Auto, NIO, Zeekr

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