beijingwalker
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China Has 65% of Public EV Charging Stations Worldwide
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beijingwalker
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China leading global NEV market with 59% of sales
Peng Chen, DIGITIMES Asia, TaipeiTuesday 2 August 2022
China advances its leading position in the global New Energy Vehicle (NEV) market as the pandemic and the Russia-Ukraine war impact Europe. According to data from the China Passenger Car Association (CPCA), China contributed 59% of worldwide NEV sales in 1H22, significantly higher than Europe and North America.
Cui Dongshu, CPCA's secretary-general, recently posted an article regarding the global NEV market on WeChat. NEV contains battery EVs, plug-in hybrids, and cars with hydrogen fuel cells.
According to the post, China saw 2.51 million NEV sales in the year's first six months, taking up 59% of the global market. The country contributed about 52% of worldwide sales in 1H21.
On the other hand, Europe reported 1.09 million NEV sales in 1H22, taking up 25.8% of the market. The US accounted for 11.8% of market shares with sales of 500,000 vehicles.
Cui said stable supply and strong demand resulted in China's increasing share. In addition, its sales growth has gradually been driven by the market instead of government policies or incentives.
However, supply chain disruptions caused by the pandemic and war have more burdened the Europe NEV market. The region enjoyed 34.4% of the market share last year but had trouble taking up one-third of the market in 1H22.
The US is developing its NEV market and has maintained about 10% of the global share. Moreover, South Korea and Japan still accounted for limited NEV sales this year at 1.3% and 0.8%, respectively.
According to CPCA, NEV sales in China were hit by the Russia-Ukraine war in April but recovered in June. As a result, the country will likely see surging transactions in the third and fourth quarters of 2022.
As for global NEV adoption, CPCA's data shows the penetration rate keeps increasing and has reached 10% in 2022. However, there is a concentration on adoption. For example, Norway topped the world with a 71% penetration rate, while China and Germany reached 22%. On the other hand, the rate in the US was about 7% and significantly lower in Japan at about 2%.
According to Cui, the worldwide NEV market will keep advancing with the US market booming.
When looking at CPCA's market share data by car brands, Tesla led the pack with a 16% share, followed by BYD at 15.4%. SAIC Motor and Volkswagen Group grabbed third and fourth place.
Tesla reported US$16.93 billion in 2Q sales, with a decreased automotive gross margin of 27.9%. According to CNBC, the gross margin was affected by inflation as well as batteries and parts competition.
To secure material supply in response to the surging need for batteries, Tesla has signed new long-term deals with Zhejiang Huayou Cobalt and CNGR Advanced Material. The two China-based companies are Tesla's existing suppliers, according to Bloomberg. They will provide ternary precursor material to the EV company until 2025.
Additionally, Volkswagen saw a 27% increase in all-electric vehicle delivery in 1H22. While impacted by the COVID-related lockdown in China in 2Q, its monthly production run-rate recovered in June.
According to the group, China represents its second-largest BEV market with 29% of sales in the first half of this year. Volkswagen delivered 63,500 BEVs in the region, a more than three times growth from 1H21.
China leading global NEV market with 59% of sales
China advances its leading position in the global New Energy Vehicle (NEV) market as the pandemic and the Russia-Ukraine war impact Europe. According to data from the China Passenger Car Association (CPCA), China contributed 59% of worldwide NEV sales in 1H22, significantly higher than Europe...
www.digitimes.com
beijingwalker
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China's BYD Pips Elon Musk's Tesla To Become Number One In Global EV Sales
by Amit Mishra
-Jul 8, 2022 05:27 PM +05:30 IST
Tesla, which is headquartered in Austin, Texas, and had occupied the numero uno slot for three years, was this week forced to hand back that crown to one of the industry’s least known brand.
Sales Figure
According to the half-year sales figures published earlier this week, Shenzhen-based BYD sold 641,000 cars in the first six months of the year, 300 per cent higher than the year before and ahead of Tesla’s 564,000.
In achieving this remarkable feat, BYD managed to overtake Tesla before Volkswagen, Ford or General Motors, each of which had made this a public goal.
“They are looking increasingly like the Toyota of China’s electric vehicle industry,” said Michael Dunne, a former GM executive and China industry expert.
High levels of vertical integration — it has its own battery and energy storage divisions and a computer chip unit — a background in battery making and a good deal of patience have all made the group a formidable up and coming competitor in the global car industry.
Slowdown At Tesla
Tesla, along with a clutch of Chinese EV makers including Li Auto, Xpeng and Nio, were harder hit by the supply chain and sales disruptions in China due to Coronavirus lockdowns than BYD, which benefited because most of its factories are not based in the regions and cities that suffered the most severe restrictions.
Shanghai, the location of Tesla’s biggest factory in China, was locked down for two months. Data provider EV-volumes estimated the lockdown cost Tesla between 80,000 and 100,000 vehicles. BYD, however, was less affected because most of its production is in the southern Shenzhen region.
However, this stroke of good fortune bestowed by geography belies BYD’s longer-term advance as a serious competitor not only to Tesla but carmakers around the world.
How Did It Start?
Founded by former university professor Wang Chuanfu in February 1995, BYD started out as a manufacturer of rechargeable batteries before expanding into the car industry in the early 2000s. Like other manufacturers in the region, including South Korea’s Hyundai, the group initially developed its business by “reverse engineering” cars from established brands, before developing its own models.
However, unlike other established manufacturers from China, such as FAW and SAIC, BYD is not state owned. The company is listed in Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalisation each exceeding RMB 100 billion.
The company also has significant private backers including Warren Buffett’s Berkshire Hathaway which bought a stake in 2008 and now owns about 8 per cent of the company.
While it has not been without setbacks — the company is being investigated by authorities in China about the effects of harmful pollutants used in paint, BYD’s breadth of in-house expertise, particularly in batteries, has been the key. BYD’s manufacturing prowess was illustrated early in the pandemic when it rapidly developed a division to make face masks. It went from zero to being one of the largest mask suppliers in the world in less than five months.
Battery Prowess
While much is being reported about BYD’S EV success, the company’s stellar success in its battery unit often misses the mark.
According to Bernstein Research, BYD now has about 10 per cent of global capacity for EV battery production. The company currently has 80 gigawatt-hours of battery plant capacity — twice of 2019 levels, and is expected to reach 185 gigawatt hours by 2025.
“They used to be a battery company that incidentally had a hand in making cars, but have now begun to blossom. It helps that they make the batteries. Who owns the batteries owns the crucial supply chain, and BYD is way out in front in that regard," said Dunne.
It is worth mentioning that BYD and local rival Contemporary Amperex Technology (CATL) are among the most competitive battery producers in the world with their scale and technology underpinning lower costs.
BYD has also overtaken South Korea's LG as the world's second-biggest producer of EV batteries, behind China's CATL. According to Seoul-based SNE Research, BYD has outpaced LG Energy in terms of monthly market share since April.
Going Global
While Tesla is a household name across the globe, BYD is little known for now in international markets. BYD’s sales are heavily concentrated in its domestic market — it exported only 3,300 BYD vehicles in the first five months of 2022, it has significant international ambitions.
It already sells electric buses in Europe, Japan and India, and is taking steps to launch car models in Europe, Australia, Latin America and the Philippines.
The company recently signed a deal with the Netherlands car dealership Louwman for its first European launch. It has also been signing up dealerships in south-east Asia, particularly in Thailand, offering dealers a higher share of profits than other brands, according to people with knowledge of the details.
Chinese Dominance
Despite poor presence in the export market, executives recognise it is only a matter of time before this changes and China becomes a big deal in the global EV market.
China, the world's largest car market, exported more than half a million EVs in 2021, more than double from the year prior. Yet about a third of China's exports into Europe were Chinese-owned European brands, such as Volvo and MG Motor, while just 2 per cent represented Chinese brands, according to researchers at the Mercator Institute for China Studies, a Berlin-based think tank. Nearly half were from Tesla and the remaining 14 per cent were from European joint ventures in China.
However, BYD has plans to change that. Tu Le, managing director of advisory group Sino Auto Insights, said BYD was "firing on all cylinders", with products covering many critical EV market segments. He also expected BYD would soon challenge foreign automakers on their home turf, especially in the US. "They're going to make some really aggressive moves to go international," he said.
by Amit Mishra
-Jul 8, 2022 05:27 PM +05:30 IST
- Shenzhen-based BYD sold 641,000 cars in the first six months of the year, 300 per cent higher than the year before, and ahead of Tesla’s 564,000.
Tesla, which is headquartered in Austin, Texas, and had occupied the numero uno slot for three years, was this week forced to hand back that crown to one of the industry’s least known brand.
Sales Figure
According to the half-year sales figures published earlier this week, Shenzhen-based BYD sold 641,000 cars in the first six months of the year, 300 per cent higher than the year before and ahead of Tesla’s 564,000.
In achieving this remarkable feat, BYD managed to overtake Tesla before Volkswagen, Ford or General Motors, each of which had made this a public goal.
“They are looking increasingly like the Toyota of China’s electric vehicle industry,” said Michael Dunne, a former GM executive and China industry expert.
High levels of vertical integration — it has its own battery and energy storage divisions and a computer chip unit — a background in battery making and a good deal of patience have all made the group a formidable up and coming competitor in the global car industry.
Slowdown At Tesla
Tesla, along with a clutch of Chinese EV makers including Li Auto, Xpeng and Nio, were harder hit by the supply chain and sales disruptions in China due to Coronavirus lockdowns than BYD, which benefited because most of its factories are not based in the regions and cities that suffered the most severe restrictions.
Shanghai, the location of Tesla’s biggest factory in China, was locked down for two months. Data provider EV-volumes estimated the lockdown cost Tesla between 80,000 and 100,000 vehicles. BYD, however, was less affected because most of its production is in the southern Shenzhen region.
However, this stroke of good fortune bestowed by geography belies BYD’s longer-term advance as a serious competitor not only to Tesla but carmakers around the world.
How Did It Start?
Founded by former university professor Wang Chuanfu in February 1995, BYD started out as a manufacturer of rechargeable batteries before expanding into the car industry in the early 2000s. Like other manufacturers in the region, including South Korea’s Hyundai, the group initially developed its business by “reverse engineering” cars from established brands, before developing its own models.
However, unlike other established manufacturers from China, such as FAW and SAIC, BYD is not state owned. The company is listed in Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalisation each exceeding RMB 100 billion.
The company also has significant private backers including Warren Buffett’s Berkshire Hathaway which bought a stake in 2008 and now owns about 8 per cent of the company.
While it has not been without setbacks — the company is being investigated by authorities in China about the effects of harmful pollutants used in paint, BYD’s breadth of in-house expertise, particularly in batteries, has been the key. BYD’s manufacturing prowess was illustrated early in the pandemic when it rapidly developed a division to make face masks. It went from zero to being one of the largest mask suppliers in the world in less than five months.
Battery Prowess
While much is being reported about BYD’S EV success, the company’s stellar success in its battery unit often misses the mark.
According to Bernstein Research, BYD now has about 10 per cent of global capacity for EV battery production. The company currently has 80 gigawatt-hours of battery plant capacity — twice of 2019 levels, and is expected to reach 185 gigawatt hours by 2025.
“They used to be a battery company that incidentally had a hand in making cars, but have now begun to blossom. It helps that they make the batteries. Who owns the batteries owns the crucial supply chain, and BYD is way out in front in that regard," said Dunne.
It is worth mentioning that BYD and local rival Contemporary Amperex Technology (CATL) are among the most competitive battery producers in the world with their scale and technology underpinning lower costs.
BYD has also overtaken South Korea's LG as the world's second-biggest producer of EV batteries, behind China's CATL. According to Seoul-based SNE Research, BYD has outpaced LG Energy in terms of monthly market share since April.
Going Global
While Tesla is a household name across the globe, BYD is little known for now in international markets. BYD’s sales are heavily concentrated in its domestic market — it exported only 3,300 BYD vehicles in the first five months of 2022, it has significant international ambitions.
It already sells electric buses in Europe, Japan and India, and is taking steps to launch car models in Europe, Australia, Latin America and the Philippines.
The company recently signed a deal with the Netherlands car dealership Louwman for its first European launch. It has also been signing up dealerships in south-east Asia, particularly in Thailand, offering dealers a higher share of profits than other brands, according to people with knowledge of the details.
Chinese Dominance
Despite poor presence in the export market, executives recognise it is only a matter of time before this changes and China becomes a big deal in the global EV market.
China, the world's largest car market, exported more than half a million EVs in 2021, more than double from the year prior. Yet about a third of China's exports into Europe were Chinese-owned European brands, such as Volvo and MG Motor, while just 2 per cent represented Chinese brands, according to researchers at the Mercator Institute for China Studies, a Berlin-based think tank. Nearly half were from Tesla and the remaining 14 per cent were from European joint ventures in China.
However, BYD has plans to change that. Tu Le, managing director of advisory group Sino Auto Insights, said BYD was "firing on all cylinders", with products covering many critical EV market segments. He also expected BYD would soon challenge foreign automakers on their home turf, especially in the US. "They're going to make some really aggressive moves to go international," he said.
beijingwalker
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China powers ahead in electric car race. Half of China’s 500,000 EV exports last year were sold to Europe
- Manufacturers such as BYD, Xpeng, Nio and Li Auto have already conquered the domestic market for EVs and are fast becoming global players
Published: 11:42pm, 7 Aug, 2022
Tesla is the name most associated with electric cars, but the American company has been overtaken by Chinese rival BYD for sales. That should come as no surprise given China’s booming demand for clean-energy vehicles and surging exports.
The nation accounts for almost 60 per cent of global production and is emerging as the world’s factory for EVs. Coupled with also being the leader in smartphone and liquid crystal display manufacturing, 5G telecommunications and artificial intelligence, Beijing’s push to become a powerhouse of technology and innovation is well on track.
Shenzhen-based BYD, which is backed by Warren Buffett’s Berkshire Hathaway, sold about 641,000 EVs in the first six months of the year compared to Tesla’s 564,000. BYD’s figures rose more than 300 per cent from the same period in 2021, while the increase for Tesla was 46 per cent.
China accounts for an estimated 40 per cent of Tesla’s sales and its output was disrupted by the two-month Covid-19 lockdown in Shanghai, where its Chinese production facility is based. BYD’s factories are located in places that largely avoided severe disruption from the nation’s tough policies against the coronavirus.
Half of China’s almost 500,000 EV exports last year were sold to Europe, where demand increased fivefold. BYD entered the global market last week by shipping an initial batch of 1,000 Atto 3 sport utility vehicles to Australia, the first car the company has designed and made for overseas buyers.
Beijing’s focus on the sector has ensured aggressive promotion at home and abroad and models from leading EV makers such as Li Auto, Nio and Xpeng are fast gaining in brand recognition.
Domestic incentives, in line with Beijing’s push for only new-energy vehicles to be sold by 2035 with half to be electric, is driving mainland sales.
Chinese efforts to be a major player in the global EV market extend to battery production and recharging infrastructure. Such expertise is necessary to gain a foothold and encourage drivers to turn away from fossil fuel-powered vehicles.
The greater the production, the more costs will come down and increase competitiveness. Convincing motorists and transport companies to make the switch is vital if global climate change goals are to be met.
beijingwalker
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China electric vehicle sales forecast to hit record 6million this year
BEIJING (BLOOMBERG) - Electric vehicles sales in China are forecast to hit a record 6 million this year as consumers flock to cleaner cars.The China Passenger Car Association raised its estimate from 5.5 million, after releasing data showing deliveries of new-energy vehicles more than doubled in July to around 486,000 units - accounting for 26.7 per cent of the new auto market. Overall passenger vehicle sales rose 20 per cent from a year earlier to 1.84 million units, the PCA said Tuesday.
The increased forecast represents a doubling from last year's 2.99 million NEV sales, underscoring the dramatic growth in demand for cleaner cars in China, and the challenge for legacy automakers to adapt in a market that is rapidly going green.
The increased forecast of 6 million is still "relatively cautious," the PCA in a statement, adding it could be further increased at the start of the fourth quarter.
Tesla delivered 28,217 cars, with 8,461 going to the local market and 19,756 exported, mostly to Europe and Asia. The sharp drop of 64 per cent from June was mainly caused by production shutdowns to upgrade its Shanghai factory as part of a plan to double annual capacity to 1 million vehicles.
BYD, which earlier this year ended production of cars powered only by fossil fuels, earlier reported monthly sales of 162,530 units - both pure electric vehicles and plug-in hybrids.
While Tesla and BYD dominate EV sales, smaller start-ups are also making inroads as demand for clean cars surges. Eight-year-old Hozon New Energy Automobile, which started by targeting customers outside big cities with budget cars, delivered 14,037 vehicles last month, including 1,382 to overseas markets. Leapmotor Technologies, which competes in the same price range as Hozon, shipped a record 12,044 cars.
Both outperformed bigger names Xpeng, Li Auto and Nio, although the three US-listed companies all delivered more than 10,000 cars last month.
The central and local governments have also taken steps to help the auto industry recover from Covid-19 lockdowns and restrictions that crushed sales earlier this year. In May, the central government cut purchase taxes on some low-emission passenger vehicles by 50 per cent, while municipal governments have pitched in with subsidies and incentives to entice buyers.
Despite sporadic outbreaks of Covid-19 in parts of the country, overall auto production and supply chains have largely recovered. Passenger-vehicle sales may resume double-digit growth this half, after falling for four consecutive quarters because of supply chain constraints, Bloomberg Intelligence analyst Steve Man said in a recent note.
China electric vehicle sales forecast to hit record 6m this year
BEIJING (BLOOMBERG) - Electric vehicles sales in China are forecast to hit a record 6 million this year as consumers flock to cleaner cars. Read more at straitstimes.com.
S10
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Are you stupid? They're streamers relying on view count for income. What are they going to choose? 20 million potential viewers in Uyghur or 1.4 billion potential viewers in Mandarin?
Hamartia Antidote
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The video is from blocked in China YouTube not something like wechat you moron and videos from mainland China are not monetized (Duh!) on YouTube. The only way they can make money is by setting up their account in a country that is not mainland China (like oddly enough Hong Kong or the US).
Are you really Chinese or just always ignorant??
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beijingwalker
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Bottomline is they still make money on youtube cause millions of Chinese are indeed on youtube, besides, they make those videos and mainly post them on the Chinese social media platforms, they don't make videos only for one platform, the videos on youtube are the same as those on the Chinese platforms.
Not BYD EV. BYD blade battery not using cobalt and nickel are far cheaper to mass produced. Not to mention, EV need no complicated gearbox and transmission. No need extensive maintenance plus electric are far cheaper than gasoline.
S10
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You do realize even if they could not access youtube in China, there's still a market of tens of millions of oversea Chinese right? How many ethnic Uyghurs are outside of China for view counts and monetization?
Are you retarded or really retarded? A box of used condoms could figure that out more easily than you.
Hamartia Antidote
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Stop trying to backtrack you fool after realizing your dumb mistake. Why don’t you own up to your mistake instead of trying the usual Chinese way of dancing around it. You specifically mentioned China’s 1.4 billion Mandarin speaking population as their target on YouTube (and then turned around and called ME “stupid”) not the diaspora (what a complete comical clown you are)…so get your facts straight before making one of your quick non-thought out typical asinine reply posts..and then on top of it calling people names.
Thanks for showing everybody how “stupid” you are…but don’t worry we all already knew that.
Maybe you are in Canada because you got booted out of China for being a perpetual idiot.
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S10
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You know that youtube is only a VPN away in China right? Any person with half a brain cell can do that. I was accessing my work gmail while vacationing in China just a few years back. Being the retard that you are, you couldn't even realize that these channels depend on view counts for monetization and reaching the largest possible audience is the goal. Instead, you put out conspiracy theory about her not being a real Uyghur because your shit stained mind couldn't possible process the simplest explanation. Serve your own advice to yourself. Better yet, jump off a roof so you don't have the chance to contaminate the gene pool.Stop trying to backtrack you fool after realizing your dumb mistake. Why don’t you own up to your mistake instead of trying the usual Chinese way of dancing around it. You specifically mentioned China’s 1.4 billion Mandarin speaking population as their target on YouTube (and then turned around and called ME “stupid”) not the diaspora (what a complete comical clown you are)…so get your facts straight before making one of your quick non-thought out typical asinine reply posts..and then on top of it calling people names.
Thanks for showing everybody how “stupid” you are…but don’t worry we all already knew that.
Maybe you are in Canada because you got booted out of China for being a perpetual idiot.
Hamartia Antidote
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Yes, I guess China supplies free VPN service to all 1.4 billion of their population so they can watch YouTube (as you implied). The Chinese government realized how truly stupid they were (finally) to put such a weak obstacle in front of their entire population so they just made ease of access all the more easier for their entire 1.4 billion population. The Uighurs are taking advantage of it.
Is that what you are saying now?
Why are you still dancing around your mistake by posting such absurdities and making yourself look even more foolish??? Your replies are just getting more nonsensical.
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S10
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Let me break it down for you so even a 3 year old with down syndrome could understand.
More viewers = more money
1.4 billion potential viewers with potential access to VPN > 13 million potential viewers with potential access to VPN. Even considering the GFW of China, 40+ million oversea Chinese speakers > ~500k oversea Uyghurs speakers
Get it retard? Literally a monkey with brain damage could understand this, or is my expectation of you still too high?
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