Tag: China

BYD will supply EV batteries to Ford

Reuters »

Chinese electric vehicle (EV) maker BYD Co Ltd will supply EV batteries to U.S. automaker Ford Motor Co, a document on the website of the Ministry of Industry and Information Technology showed on Monday.

Ford’s China venture with Changan Automobile is seeking government approval to build a plug-in hybrid model equipped with BYD’s batteries, according to the document.

More » Autoblog. The Fourth Revolution, TFL Car

Volkswagen invests €2 billion in electric car and battery manufacturers in China

  • Volkswagen increases stake in China-based JAC Volkswagen joint venture to 75 percent and acquires 50 percent of parent company JAG
  • Volkswagen acquires 26 percent of Gotion High-Tech, becoming largest shareholder
  • Total investment of around €2 billion

Volkswagen News Release »

A new chapter begins for Volkswagen in China. Volkswagen plans to increase its stake in JAC Volkswagen, its joint venture for electromobility. Around 1 billion euros will be invested in this. This amount includes the acquisition of 50% of JAG, the parent company of Volkswagen partner JAC, and an increase in the stake in JAC Volkswagen from 50% to 75%, which gives control over management. With the capital increase, Volkswagen is paving the way for the expansion of the electric model range and infrastructure. In addition, Volkswagen is investing around 1 billion euros in a stake in the battery manufacturer Gotion High-Tech Co., Ltd. and becomes the largest shareholder in the company with 26 percent.
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Mercedes-Benz AG is investing more than 1 billion euros in a global battery production network

The battery production network will consist of nine factories at seven locations on three continents.

Plants at Kamenz (Germany), Bangkok (Thailand) and Beijing (China) are already online. The next location to soon start battery production will be Jawor (Poland), followed by plants around Stuttgart (Germany), and Tuscaloosa, Alabama.

A Kamenz plant has been producing batteries since 2012.

Together with its local partner Thonburi Automotive Assembly Plant (TAAP), Mercedes-Benz Cars has set up a battery production facility in Bangkok (Thailand), which started operations in 2019. Mercedes-Benz and BAIC have jointly set up a local battery production facility at the existing plant location in the Yizhuang Industrial Park in Beijing (China). Production at a battery factory in Jawor, Poland, will start in 2020. At the Mercedes-Benz plant in Untertürkheim, Germany, battery factories are currently being built at the Brühl and Hedelfingen locations. A battery factory is also currently being built near the existing Mercedes-Benz plant in Tuscaloosa, USA. A new battery factory will also be built at the Mercedes-Benz Sindelfingen plant.

More » The Driven, TechAU, Elektroauto-News (German), elektroniket (German), electrive, Green Car Congress, Reuters

Confirmed » Sales of Tesla Model 3 in China plummeted in April 2020

Teslamag » (German)

German Translation »

The figures for April, with a drop in sales of around two thirds compared to March 2019 despite local production increases, came unexpectedly after new Tesla records in the first quarter of 2020 . China appeared to be a safe bank for Tesla given the corona problems in the west. Production at the local Gigafactory increased to nearly 3,000 Model 3s per week by the end of March, which were also sold, and Tesla announced further increases. At the end of April, Tesla responded to a new price limit for electric car production in China, from which Model 3 would otherwise no longer have been affected, with a drop below the new value…

May 12, 2020

Teslamag » (German)

German Translation »

China was recently seen as a safe bank for Tesla in the midst of the ongoing coronavirus crisis in the west. Tesla has not been allowed to produce electric cars in the United States since the end of March, while the Gigafactory in Shanghai, Model 3, was built again in early February after a break of less than two weeks. Since then, Tesla’s production and sales in China have steadily increased , but figures for April have now been published that do not fit the positive picture: According to the industry association CPCA, Tesla only sold a good 3,600 Model 3s in April in China, two thirds less than the previous month. Production is said to have been a solid 11,000 electric cars…

More » Elektroauto News

The pandemic ravaged economy is expected to give electric vehicles a boost in markets committed to stimulating the transition towards battery power, while EV demand will slow drastically in those that don’t

“EV adoption is probably going to keep rising and not even dip, which is quite remarkable,” said BNEF head of advanced transport Colin McKerracher, the lead author on the long-term forecast, which assesses the market from now to 2040. “But that adoption rate is about to get very different between different countries.”

In the U.S., EV sales will shrink to just 1.7 percent of the personal auto market in 2021. At the same time, the sector will swell to 8.1 percent of all sales in China, which accounts for the largest share of global EV sales, and 5 percent of those in Europe, the BNEF report says.

Plunging sales due to pandemic, could force factories to close and lead to takeovers and mergers, but also bolster sales of electric cars

Jack Ewing / NY Times »

In March, as much of Europe went into lockdown, car sales on the continent fell by more than half. But registrations of battery-powered cars surged 23 percent, according to Matthias Schmidt, an analyst in Berlin who tracks the industry.

In April, lockdowns caught up with electric cars, too, and their sales fell 31 percent, according to Mr. Schmidt’s estimate. But that was nothing compared with the total European car market, which plummeted 80 percent.

But here’s what has a good chance of happening.

Carmakers may not be as motivated to sell electric cars in coming months. They will be tempted to instead push S.U.V.s, which generate far greater profits and are easier to sell now that fuel prices have plunged.

Much will depend on government incentives and regulations. Europe and China are doing more to promote electric cars than the United States under the Trump administration.

Some possible good news for startups.

Turmoil in the market could be good for electric car start-ups like Byton and Lucid, which have proliferated after Tesla showed it was possible to challenge the traditional carmakers. The start-ups have a chance to attack the market while the established companies are struggling.

Tesla continues to expand its recharging network in China

Just-Auto »

Tesla said it would continue to expand its electric vehicle recharging network in China by an additional 4,000 Supercharging sites by the end of the year, as it looks to strengthen its position in the world’s largest electric vehicle market.

The US electric vehicle manufacturer began production at a new plant in Shanghai at the end of last year, allowing it to cut the price of its now locally made Model 3.

CATL confirms it will supply Tesla in China with Lithium Iron Phosphate (LFP) batteries from H2 of 2020

EV Specifications »

On May 13, during an annual investors conference, CATL announced that it will supply lithium iron phosphate (LFP) batteries to Tesla’s Shanghai Gigafactory. This is the first tie CATL discloses in public any partnership with Tesla. CATL Chairman Cheung Yu-chin also said that cooperation with Tesla is not limited to its China operations.

City of Wuhan is rolling out consumer subsidies to support local auto companies as they attempt to revive the economy after months of lockdowns

Reuters »

Wuhan authorities will offer 10,000 yuan ($1,415) subsidies to residents who buy locally made electric vehicles, according to a text message sent by city government to citizens on Saturday. A gasoline car would come with a subsidy of up to 5,000 yuan…

Analyst expects CATL to lead battery capacity deployed as Chinese EV sales rebound

Adamas Intelligence »

Looking forward, with a rebound in monthly EV sales around the corner for China, and Tesla facing the possibility of lengthy shutdowns and market challenges in North America and Europe, we expect CATL will capture the lead from LG Chem in the near-term.

Moreover, in terms of cell chemistry deployments, we expect that CATL’s impending resurgence, coupled with rising deployment of LG Chem -made NCM 811 cells in China-made Tesla Model 3s, will push the market share of NCM 811 higher still.

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