DOCSLIB.ORG

How Policies Driven China NEV Market?

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
How Policies Driven China NEV Market? Electrification How policies driven China NEV market? Lancy Zhang, Powertrain and NEV LMC Webinar 8th October, 2020 © 2020 LMC Automotive Limited, All Rights Reserved. Outline • NEV Definition • Government Policy and Regulations • NEV Market Status • Outlook © 2020 LMC Automotive Limited, All Rights Reserved. 2 NEV definition ▪ Different definitions to NEV between the China government and LMC ❖ BEV: battery electric vehicle ❖ PHEV: plug-in hybrid electric vehicle Plug-in Geely Kandi BAIC EU260 BYD Qin SAIC Roewe 550 ❖ EREV: extended range electric vehicle ❖ PFCEV: fuel cell electric vehicle Lixiang One Honda Clarity ❖ MHEV: mild hybrid electric vehicle ❖ FHEV: full hybrid electric vehicle Non-plug Nissan Murano Lexus ES Toyota Carolla Beyond China government’s definition to NEV © 2020 LMC Automotive Limited, All Rights Reserved. 3 Government Policy_Subsidy ▪ Subsidy will extend to 2022, but the amount will decrease slightly 0,000 RMB 6 2017 2018 2019 2020 2021F 2022F 1.4 2017 2018 2019 1.2 5 1 4 0.8 3 0.6 2 0.4 1 0.2 0 0 PHEV ≥50 100 - 150 150 - 200 200 - 250 250 - 300 300 - 400 ≥ 400 90 - 105 105 - 125 125 - 140 140 - 160 ≥ 160 BEV Range (Km) Energy Density (Wh/Kg) Battery- Purchase Note: Swapped Tax Free - 23rd Apr to 22nd Jul 2020 is the Year 2020 2021 2022 Vehicles interim period 300,000 - subsidy only available for Decrease 10% 20% 30% vehicle’s price below 300,000 RMB RMB, except for battery- swapped vehicles © 2020 LMC Automotive Limited, All Rights Reserved. 4 Government Policy_Local Government ▪ Local governments offer some incentives on NEV since COVID-19 outbreak 25.03.2020/Beijing: 27.05.2020/Shaanxi: 10,000RMB per vehicle 6,000RMB per vehicle Add 20,000NEV car plates 09.04.2020/Ningbo: 10,000RMB per vehicle 23.04.2020/Shanghai: 5,000RMB for charging fee 03.03.2020/Guangzhou: 10,000RMB per vehicle 09.04.2020/Shenzhen: 08.05.2020/Hainan: 10,000RMB per vehicle 10,000RMB per vehicle © 2020 LMC Automotive Limited, All Rights Reserved. 8 Revised Dual-Credit regulation published ▪ Change of test procedure China Automotive Testing Standard Import Schedule Before 2025 After 2025 Gasoline Type Light Vehicle All types (CVW≤3.5t) Diesel WLTC Fuel consumption • Gasoline/Diesel • TCAFC will adjust Hybrid Vehicles WLTC Gaseous • Alternative fuel Vehicle CLTC according to WLTC • BEV CLTC • Fuel Cell Vehicles Plug-in hybrid Fuel consumption WLTC Electric consumption Fuel type Ratio WLTC/NEDC* Pure electric range Non plug-in hybrid Gasoline 1.22 Diesel 1.20 LPG 1.16 BEV Electric consumption Gas 1.36 CLTC Range HEV gasoline 1.32 FCEV HEV diesel 1.34 PHEV 1.00 After 2025, all vehicle types will change to CLTC Source: *Stefanos Tsiakmakis etc.. From NEDC to WLTP: effect on the type-approval CO2 emissions of light-duty vehicles © 2020 LMC Automotive Limited, All Rights Reserved. 10 Revised Dual-Credit regulation published ▪ Flexible relationship between NEV credits carry-forward and ICE’s CAFC year +1 year +2 year +3 year +4 2019 NEV positive credit 100% 50% off 50% off 2020 NEV positive credit 50% off 50% off 50% off 퐼퐶퐸 퐶퐴퐹퐶 ≤ 123% 2021 or after 푆퐶퐴퐹퐶 NEV positive credit 50% off 50% off 50% off Data source: MIIT, LMC Automotive © 2020 LMC Automotive Limited, All Rights Reserved. 12 Revised Dual-Credit regulation published ▪ a) New NEV quota is set for 2021-2023 ▪ b) Standard credit per vehicle is declined ▪ c) New concept, LFC, is proposed previous new Year 2018 2019 2020 2021 2022 2023 required quota 8% 10% 12% 14% 16% 18% BEV 0.012*R+0.8 0.0056*R+0.4 Standard credit per vehicle PHEV 2.0 1.6 FCEV 0.16*P 0.08*P Low Fuel Consumption (LFC) Vehicle - 0.5 0.3 0.2 Data source: MIIT, LMC Automotive © 2020 LMC Automotive Limited, All Rights Reserved. 13 What is LFCs Fuel Consumption Target Value 2021 LFC condition(123%) 2022 LFC condition(120%) 2023 LFC condition(115%) L/100km 9.00 LFC Assessment requirement: Comprehensive fuel consumption ≤ Vehicle target value x Annual compliance requirement 8.00 7.00 T=6.57 6.00 5.00 T=4.02 4.00 3.00 Curb Mass (kg) 1090 2510 Data source: MIIT, LMC Automotive © 2020 LMC Automotive Limited, All Rights Reserved. 14 What is LFCs ▪ LFCs has coefficient bonus when calculating the output ▪ It gives OEMs more options in powertrain fitment not only focusing on pure electricity ▪ Japanese OEMs will benefit from it as their have LFCs L/100km 9.00 2021 2022 2023 8.08 8.00 7.73 6.95 7.00 6.00 5.85 5.51 Odyssey HEV 5.17 5.00 Camry HEV Corolla HEV Accord HEV Crider HEV 4.00 1090 1350 1500 2000 2350 2510 kg © 2020 LMC Automotive Limited, All Rights Reserved. 15 What will be the impact by LFC? ▪ For example NEV Credit NEV Actual NEV Standard Credit Credit Credit per NEV Total NEV Standard ICE Total NEV Vehicle Volume Percentage Volume ICE LFC *0.5 Version 1.0 Version 2.0 ICE 30,000 30,000 Low fuel consumption* 20,000 20,000 NEV Percentage 14% 14% NEV Standard Credit (30,000+20,000)*10%=5,000 (30,000+20,000*0.5)*10%=4000 © 2020 LMC Automotive Limited, All Rights Reserved. 16 CAFC performance ▪ CAFC has met the target, but there is still lots of pressure in the following years L/100km CAFC with NEV bonus* CAFC without NEV** 7.5 6.88 6.78 6.62 6.48 6 6.43 6.05 5.8 5.56 4.60 4.5 3 1.5 0 2016 2017 2018 2019 2023 Target T CAFC credit = (TCAFC – CAFC) * output Year CAFC Multiple of vehicle/Wi L/100km ➢ TCAFC target is becoming smaller 2019 5.5 3.0 ➢ CAFC is becoming bigger due to W 푁 i 2020 5.0 2.0 σ 퐹퐶푖 × 푉푖 퐶퐴퐹퐶 = 푖=1 bonus coefficient 2021 4.9 2.0 σ푁 smaller 푖=1 푉푖 × 푾풊 2022 4.8 1.8 2023 4.6 1.6 © 2020 LMC Automotive Limited, All Rights Reserved. 17 Some major OEMs CAFC performance ▪ The more NEV share, the better CAFC performance 2017 2018 2019 Geely SAIC SAIC SAIC Geely GAC FAW-VW Brilliance BWM Brilliance BWM Brilliance BWM GAC-Toyota GAC-Toyota SGM FAW-VW Great Wall FAW-Toyota FAW-Toyota FAW-Toyota SVW SVW Geely GAC-Toyota Great Wall GAC-Honda Beijing-Benz Beijing-Benz DF-Honda DF-Honda DF-Honda SVW GAC-Honda GAC Beijing-Benz GAC GAC-Honda FAW-VW Great Wall SGM SGM Positive credit: Actual value < standard value Data source: MIIT LMC Automotive © 2020 LMC Automotive Limited, All Rights Reserved. 18 NEV credit performance ▪ NEV credit is surplus， but will decrease sharply under new regulation NEV credit per vehicle Actual NEV quota 4.20 4.10 22.8% units 3.60 20.2% 3.00 2.90 16.5% 2020 target 12% 6.8% 4.1% 2016 2017 2018 2019 2020 (Jan-Aug) 2016 2017 2018 20192020 (Jan-Aug) units under previous policy under new policy 8 6 4 2 0 Tesla Model3 standard BYD Han Luxury NIO ES8 2020 415KM NIO ES6 2020 430KM Trumpchi Aion S Buick Velite6 range performance © 2020 LMC Automotive Limited, All Rights Reserved. 19 NEV market saw 29% decline in Q2 ▪ Q2 market improved greatly from Q1, but demand was still at a low level 180 500% 160 400% 140 -24.0% 28.7% Thousands 120 -30.8% 300% 23% EREV 100 -32.4% -47.0% -45.7% 200% 80 PHEV 60 -71.9% 100% BEV 40 0% YoY 20 0 -100% Jul-18 Jul-19 Jul-20 Jan-18 Jan-19 Jan-20 Jun-18 Jun-19 Jun-20 Oct-18 Oct-19 Apr-18 Apr-19 Apr-20 Feb-18 Sep-18 Feb-19 Sep-19 Feb-20 Dec-18 Dec-19 Aug-18 Aug-19 Aug-20 Nov-18 Nov-19 Mar-18 Mar-19 Mar-20 May-18 May-19 May-20 180 160 140 120 2017 Thousands 100 2018 80 2019 60 40 2020 20 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Data source: CAAM, LMC Automotive © 2020 LMC Automotive Limited, All Rights Reserved. 21 NEV sales decline by major segment and OEMs NEV sales (Thousand) -49% -64% -39% -55% 118% BEV sales (Thousand) PHEV sales (Thousand) -54% -70% -85% -42% -37% -93% -71% -13% -55% -23% -39% -8% © 2020 LMC Automotive Limited, All Rights Reserved. 22 Data source: CAAM, source: Data © 2020 LMC Automotive Limited, All Rights Reserved. Reserved. Rights All2020 © AutomotiveLimited, LMC Global brands sales keep rising in NEV sector NEV brands sales keep rising in Global ▪ 100.0% 100.0% 20.0% 40.0% 60.0% 80.0% 20.0% 40.0% 60.0% 80.0% 0.0% 0.0% Global brands starting to taking more and more share in NEV market NEV in share more and more taking to starting brands Global 201801 LMC Automotive LMC 201802 201803 201804 201805 201806 201807 201808 201809 201810 201811 201812 201901 201902 201903 BEV PHEV 201904 201905 201906 201907 201908 201909 201910 201911 201912 202001 202002 202003 202004 202005 202006 202007 202008 CN EU JP KR US 23 NEV market: a volatile environment continues… ▪ New start-up companies facing more direct competition from Tesla ▪ Meanwhile Tesla is struggling with disruption of supply chain due to low local content rate. NIO Xpeng Weltmeister Model 3 (domestic) NIO share Xpeng share Weltmeister share Model 3 (domestic) share 16 25.0% 14 21.0% 12 Thousands 17.0% 10 13.0% 8 9.0% 6 5.0% 4 2 1.0% 0 -3.0% Jul-18 Jul-19 Jul-20 Jan-19 Jan-20 Jun-18 Jun-19 Jun-20 Oct-18 Oct-19 Apr-19 Apr-20 Feb-20 Sep-18 Feb-19 Sep-19 Dec-18 Dec-19 Aug-18 Aug-19 Aug-20 Nov-18 Nov-19 Mar-19 Mar-20 May-19 May-20 © 2020 LMC Automotive Limited, All Rights Reserved.
Load more

Recommended publications
  • Electric Vehicle Fleet Toolkit
    ELECTRICITY Electricity WHAT IS CHARGING? What is a PEV? A plug-in electric vehicle (PEV) is a How many stations are in the San vehicle in which there is an onboard Diego region? battery that is powered by energy Currently there are over 550 public delivered from the electricity grid. There are two types of electric charging stations in the San Diego region. Level 1 Charging vehicles: a battery electric vehicle Level 1 charging uses 120 volts AC. An PEV (BEV) and a plug-in hybrid electric How much does it cost to fuel my can be charged with just a standard wall vehicle (PHEV). BEVs run exclusively vehicle? outlet. on the power from their onboard battery. PHEVs have both an It generally costs less than half as onboard battery and an internal much to drive an electric vehicle as Level 2 Charging combustion engine that is used an internal combustion engine Level 2 charging uses 240 volts AC. This is when the car’s battery is depleted. the same type of voltage as an outlet used for a dryer or washing machine. There are upwards of 12,000 PEVs in 24-month average* the San Diego region (as of Summer Gasoline $3.35 2015). DC Fast Charging Electricity** $1.22 DC fast charging is a very quick level of charging. An PEV can be charged up to 80% Savings $2.13 within 30 minutes of charging. *June 2013-June 2015 **Gasoline gallon equivalent 1 ELECTRICITY What types of vehicles can use electricity? Electric vehicles come in all shapes and sizes.
    [Show full text]
  • A Comprehensive Study of Key Electric Vehicle (EV) Components, Technologies, Challenges, Impacts, and Future Direction of Development
    Review A Comprehensive Study of Key Electric Vehicle (EV) Components, Technologies, Challenges, Impacts, and Future Direction of Development Fuad Un-Noor 1, Sanjeevikumar Padmanaban 2,*, Lucian Mihet-Popa 3, Mohammad Nurunnabi Mollah 1 and Eklas Hossain 4,* 1 Department of Electrical and Electronic Engineering, Khulna University of Engineering and Technology, Khulna 9203, Bangladesh; [email protected] (F.U.-N.); [email protected] (M.N.M.) 2 Department of Electrical and Electronics Engineering, University of Johannesburg, Auckland Park 2006, South Africa 3 Faculty of Engineering, Østfold University College, Kobberslagerstredet 5, 1671 Kråkeroy-Fredrikstad, Norway; [email protected] 4 Department of Electrical Engineering & Renewable Energy, Oregon Tech, Klamath Falls, OR 97601, USA * Correspondence: [email protected] (S.P.); [email protected] (E.H.); Tel.: +27-79-219-9845 (S.P.); +1-541-885-1516 (E.H.) Academic Editor: Sergio Saponara Received: 8 May 2017; Accepted: 21 July 2017; Published: 17 August 2017 Abstract: Electric vehicles (EV), including Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV), are becoming more commonplace in the transportation sector in recent times. As the present trend suggests, this mode of transport is likely to replace internal combustion engine (ICE) vehicles in the near future. Each of the main EV components has a number of technologies that are currently in use or can become prominent in the future. EVs can cause significant impacts on the environment, power system, and other related sectors. The present power system could face huge instabilities with enough EV penetration, but with proper management and coordination, EVs can be turned into a major contributor to the successful implementation of the smart grid concept.
    [Show full text]
  • CHINA FIELD TRIP May 10Th –12Th, 2011
    CHINA FIELD TRIP May 10th –12th, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company’s results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its Internet website (www.psa-peugeot-citroen.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements. More comprehensive information about PSA PEUGEOT CITROËN may be obtained on its Internet website (www.psa-peugeot-citroen.com), under Regulated Information. th th China Field Trip - May 10 –12 , 2011 2 PSA in Asia – Market Forecast, PSA in China: ongoing successes and upsides Frédéric Saint-Geours Executive VP, Finance and Strategic Development Grégoire Olivier, Executive VP, Asia Table of contents Introduction China: the new auto superpower China: a global economic power The world’s largest automotive market The growth story is set to continue PSA in China China: a second home market for PSA 2 complementary JVs Key challenges in China and PSA differentiation factors A sustainable profitable growth Extending the Chinese Success ASEAN strategy Capturing the Indian opportunity th th China Field Trip - May 10 –12 , 2011 4 PSA – a global automotive player (1/2) > 39% of PSA’s 2010 sales are realized outside of Europe, of
    [Show full text]
  • Development & Policy Forecast for Global and Chinese NEV Markets
    Development & Policy Forecast for Global and Chinese NEV Markets in 2021 Invited by China EV 100, officials and experts from domestic and foreign government agencies, industry associations, research institutions and businesses attended the 7th China EV 100 Forum in January 15-17, 2021. The summary below captures the observations and insight of the speakers at the forum on the industry trend and policy forecast in the world and China in 2021. Ⅰ. 2021 Global & China Auto Market Trend 1. In 2021, the global auto market may resume growth, and the NEV boom is set to continue. 2020 saw a prevalent downturn of the auto sector in major countries due to the onslaught of COVID-19, yet the sales of NEVs witnessed a spike despite the odds, with much greater penetration in various countries. The monthly penetration of electric vehicles in Germany jumped from 7% to 20% in half a year and is expected to hit 12% in 2020, up 220% year on year; Norway reported an 80% market share of EVs in November, which is projected to exceed 70% for the whole year, topping the global ranking. Multiple consultancy firms foresee a comeback of global sales growth and a continuance of NEV boom in 2021 as coronavirus eases. 2. China's auto market as a whole is expected to remain stable in 2021, 1 with a strong boost in NEV sales. In 2020, China spearheaded global NEV market growth with record sales of 1.367 million units. The Development Research Center of the State Council expects overall auto sales to grow slightly in 2021, which ranges 0-2%.
    [Show full text]
  • Pwc China Automobile Industry M&A Review and Outlook
    Epidemic Prevention and Response to COVID-19 in the Automobile Industry Series Issue 2 — PwC China Automobile industry M&A Review and Outlook The epidemic has prompted many practitioners and managers in the industry to re-examine and plan for the medium-and long-term development of auto industry, accelerating industry transformation and upgrade. PwC auto team emphasizes on the following aspect of tax & legal, M&A and telematics system to analyze the related solutions. In this article, we mainly focus on the M&A aspect, hoping to give some inspirational idea to the practitioners in the industry. China’s automobile industry has developed rapidly in the opportunities. Moreover, an increasing number of companies past decade. Benefiting from “bringing in” and “going out” with advanced technology and capital will continue entering policy, both domestic and foreign OEMs have successfully into the market which fuels more M&A activities in the realized high growth through a series of mergers and automobile industry. acquisitions (M&A). Since 2018, the development of China In this article, we will analyze the automobile industry from automobile market has been slowing down, and the “CASE” four aspects: review of China’s auto industry M&A deals, trend has been having impact on OEMs. As new businesses main deal drivers and changes of auto industry, the future models are emerging, it has also led to blurring of M&A trend, and key initiatives in response to market boundaries between industries. Auto companies have been changes. actively using M&A deals to transform the automobile industry. At the beginning of 2020, the coronavirus outbreak severely impacted the supply chain of automobile industry, thus resulted in demands for business restructuring and transformation.
    [Show full text]
  • Evergrande to Enter NEV Market Fast
    CHINA DAILY | HONG KONG EDITION Monday, November 18, 2019 MOTORING | 19 profit could fall as much as 43 per­ cent this year. BJEV, the largest maker of elec­ Evergrande to tric cars in the world, also forecast a 2019 loss in a grim earnings update. Startups are facing an even more serious situation, jostling enter NEV for attention in an almost over­ crowded sector and trying to pro­ duce convincing arguments about future profitability. They raised just $783 million market fast from January to mid­June 2019, compared with $6 billion for the Chinese property development company will same period last year, according invest 45 billion yuan in auto sector by 2021 to Reuters, citing data from Pitch­ Book. For 2018, the total funds raised stood at $7.7 billion. By LI FUSHENG Nio, once hailed as Tesla of Chi­ [email protected] na, failed last month in its attempt For core technology to get local government funding. Chinese property developer In the first 10 months this year, Evergrande has rolled out grand — and companies the startup that has burned if not grandiose — plans for elec­ available to be through more than $5 billion in tric vehicles at a time when estab­ four years delivered less than lished carmakers in the country purchased, we’ll buy 15,000 vehicles. are seeing sales slumps and start­ them all. For those we By the end of the third quarter, ups are jostling for attention of Nio had cut its workforce to 7,800 investors. couldn’t buy, we’d from 9,900 employees in January, The company will invest a total like to join hands with and its shares have dropped more of 45 billion yuan ($6.4 billion) by than 70 percent this year, accord­ 2021 in electric vehicles, said its them through ing to Bloomberg.
    [Show full text]
  • Guangzhou Automobile Group
    China / Hong Kong Company Guide Guangzhou Automobile Group Version 6 | Bloomberg: 2238 HK Equity | 601238 CH Equity | Reuters: 2238.HK | 601238.SS Refer to important disclosures at the end of this report DBS Group Research . Equity 7 May 2019 Japanese JCEs leading growth H: BUY Last Traded Price (H) ( 7 May 2019):HK$8.14(HSI : 29,363) More clarity on JVs future strategy. Guangzhou Auto (GAC) and its Price Target 12-mth (H):HK$9.60 (17.9% upside) (Prev HK$17.86) Japanese JCE partners have agreed on key priorities to grow the business. The medium-term plans include capacity expansion and new A: HOLD model development (both traditional and new energy vehicles). Last Traded Price (A) ( 7 May 2019):RMB11.61(CSI300 Index : 3,721) Price Target 12-mth (A):RMB11.30 (2.7% downside) (Prev RMB21.71) Another key factor is that both partners have agreed to maintain the current shareholding structure, hence removing uncertainties. The Analyst Rachel MIU+852 36684191 [email protected] Japanese auto brands have gained market share from 15.6% in December 2016 to 19% in February 2019 aided by their product What’s New range, pricing, and proactive business strategy. Despite the tough • More clarity on development of Japanese JCEs, key 1Q19 auto market, GAC’s Japanese JCEs managed to chalk up strong earnings driver in the future volume sales growth and decent profit contributions to the group. • Self-brand going through short-term adjustment and Where we differ? We expect normalisation of Trumpchi sales to have should start to normalise in 2H19 a meaningful impact on earnings, on anticipation of a recovery in • Maintain BUY, TP revised down slightly to HK$9.60 the PV market in 2H19.
    [Show full text]
  • Automotive Industry Weekly Digest
    Automotive Industry Weekly Digest 12 Apr – 16 Apr 2021 IHS Markit Automotive Industry Weekly Digest - Apr 2021 WeChat Auto VIP Contents [OEM Highlights] GMC reveals Hummer electric SUV, ahead of early 2023 availability 3 [OEM Highlights] Xiaomi to invest up to USD10 bil. in EV production 6 [Sales Highlights] GM to unveil Envision Plus SUV on 18 April, reports sales growth of 69% y/y in China during Q1 8 [Sales Highlights] BYD posts sales growth of 33% y/y during March 9 [Shanghai Motor Show 2021] MG to unveil Cyberster sports car 11 [Shanghai Motor Show 2021] Xpeng to unveil P5 electric sedan 11 [GSP] Greater China Sales and Production Commentary -2021.03 13 [Supplier Trends and Highlights] HKT uses 5G standalone network with network slicing for trials of C-V2X applications 15 [Supplier Trends and Highlights] Commsignia combines cloud and V2X messaging in 4G, 5G V2N solution 15 Confidential. ©2021 IHS Markit. All rights reserved. 2 IHS Markit Automotive Industry Weekly Digest - Apr 2021 WeChat Auto VIP [OEM Highlights] GMC reveals Hummer electric SUV, ahead of early 2023 availability IHS Markit perspective Implications GMC has revealed the GMC Hummer electric SUV, debuted during a college basketball championship tournament on 3 April. The new EV is due in early 2023 as a 2024 model year product. Outlook Between the October 2020 reveal of the GMC Hummer electric pick-up and the Hummer electric SUV, GM has continued to push forward with announcements relative to investment and plans for an all-electric light-vehicle range by 2035. The GMC Hummer electric SUV and pick-up both are to set expectations on delivery of high levels of capability and performance.
    [Show full text]
  • 200218 EV Volumes Monthly Xev Sales Tracker
    Global xEV This is a sample version of our ~ 90 page Global xEV Sales Tracker. Sales Tracker The price is 7 500€ / year and includes 12 updates. December and Full Year 2019 Data Center subscribers have 20 % lower price Contact [email protected] for info EVVOLUMES.COM Table of Contents Executive Summary 3 World 6 China 29 USA 36 Europe 43 Norway 51 UK 58 France 65 Germany 72 Japan 79 About EV-volumes 86 xEV Sales Tracker December & FY 2019 2 19-02-2020 EVVOLUMES.COM 2.2 million EVs were sold in 2019, growing by only 11% compared to last year and still representing less than 3% of PV sales. USA were down, China stable and Europe significantly up. Countries • China – 1.2 million EVs (5.2% penetration) - up 6% - 80% BEV – BJEV EU-Series = most solD EV • Europe – 565k EVs (3.1% penetration) - up 45% - 64% BEV – Tesla MoDel 3 = most solD EV • U.S.A. – 320k EVs (1.9% penetration) - down 12% - 73% BEV – Tesla MoDel 3 = most solD EV • Germany – 106k EVs (2.9% penetration) - up 60% - 64% BEV – Renault Zoé= most solD EV • Norway – 79k EVs (56% penetration) - up 9% - 76% BEV – Tesla MoDel 3 = most solD EV • UK – 75k EVs (3.2% penetration) – up 24% - 51% BEV – Tesla MoDel 3 = most solD EV • France – 62k EVs (2.8% penetration) - up 35% - 70% BEV – Renault Zoé = most solD EV • Japan – 44k EVs (1% penetration) - down 18% - 53% BEV – Nissan Leaf = most solD EV OEMs • Tesla won the OEM crown once again in front of BYD anD BAIC with more than 360k EVs solD • VW Group is finally serious about EVs and will overtake BMW Group in 2020 to become the 1st European OEM Models • Tesla MoDel 3 won the EV crown once again with more than 300k units solD • More than 50k Tesla MoDel 3 were solD in December while there wasn’t any European EV in Top 10 xEV Sales Tracker December & FY 2019 3 19-02-2020 EVVOLUMES.COM China represented 58% of global BEV market in December while Europe kept its lead on PHEVs with 46% market share and South Korea on FCEVs with 55% market share (300 units).
    [Show full text]
  • Chinese Carmakers Slash Sales Targets
    16 | MOTORING Monday, March 23, 2020 HONG KONG EDITION | CHINA DAILY Nio bullish about its Short Torque BYD transforms lines business performance to support masks Many companies in China have transformed their businesses to despite coronavirus cater to the rising demand for masks amid the coronavirus epi- demic, and leading new energy By LI FUSHENG vehicle manufacturer BYD has [email protected] joined them. On Feb 17, BYD pro- duced its first batch of masks. Chinese electric car startup We are pleased to Each of its production lines can Nio is confident about its see encouraging make 50,000 masks a day, and in prospects this year despite the total five million masks and coronavirus outbreak, expecting results to date, and 300,000 bottles of disinfectant its gross profit margin to become expect around 35 can be made on a daily basis, positive in the second quarter. making the company one of the “Based on the current trend, percent expense biggest mask manufacturers in we would hope the daily new reduction compared the world. The company plans to order rate to return to the level of expand its production lines to a last December in April,” said to the prior quarter daily capacity of up to 10 million William Li, founder and chair- even under the masks. The masks will also be man of Nio, on an earnings call pressure of the provided to other countries hit last week. hard by the virus, after meeting He expected production, outbreak.” GAC showcases its Aion LX model in Shenzhen, Guangdong province last July.
    [Show full text]
  • CHINA CORP. 2015 AUTO INDUSTRY on the Wan Li Road
    CHINA CORP. 2015 AUTO INDUSTRY On the Wan Li Road Cars – Commercial Vehicles – Electric Vehicles Market Evolution - Regional Overview - Main Chinese Firms DCA Chine-Analyse China’s half-way auto industry CHINA CORP. 2015 Wan Li (ten thousand Li) is the Chinese traditional phrase for is a publication by DCA Chine-Analyse evoking a long way. When considering China’s automotive Tél. : (33) 663 527 781 sector in 2015, one may think that the main part of its Wan Li Email : [email protected] road has been covered. Web : www.chine-analyse.com From a marginal and closed market in 2000, the country has Editor : Jean-François Dufour become the World’s first auto market since 2009, absorbing Contributors : Jeffrey De Lairg, over one quarter of today’s global vehicles output. It is not Du Shangfu only much bigger, but also much more complex and No part of this publication may be sophisticated, with its high-end segment rising fast. reproduced without prior written permission Nevertheless, a closer look reveals China’s auto industry to be of the publisher. © DCA Chine-Analyse only half-way of its long road. Its success today, is mainly that of foreign brands behind joint- ventures. And at the same time, it remains much too fragmented between too many builders. China’s ultimate goal, of having an independant auto industry able to compete on the global market, still has to be reached, through own brands development and restructuring. China’s auto industry is only half-way also because a main technological evolution that may play a decisive role in its future still has to take off.
    [Show full text]
  • Stanphyl Capital Management LLC Stanphyl Capital GP, LLC Stanphyl Capital Partners LP
    Stanphyl Capital Management LLC Stanphyl Capital GP, LLC Stanphyl Capital Partners LP Friends and Fellow Investors: For June 2018 the fund was down approximately 13.8% (no that is not a misprint- please see the paragraph below) net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 0.6% while the Russell 2000 was up approximately 0.7%. Year-to-date the fund is down approximately 16.2% while the S&P 500 is up approximately 2.6% and the Russell 2000 is up approximately 7.7%. Since inception on June 1, 2011 the fund is up approximately 67.4% net while the S&P 500 is up approximately 134.7% and the Russell 2000 is up approximately 113.7%. Since inception the fund has compounded at approximately 7.6% net annually vs 12.8% for the S&P 500 and 11.3% for the Russell 2000. (The S&P and Russell performances are based on their “Total Returns” indices which include reinvested dividends.) As always, investors will receive the fund’s exact performance figures from its outside administrator within a week or two; meanwhile I continue to waive the annual management fee until the entire fund regains its high- water mark. The fund was absolutely massacred this month, and it was primarily due to our large short position in Tesla, to which I added on each new piece of negative news, much of which was indicative of the kind of outright fraud (see below) that would immediately send a “normal stock” into a death spiral, and yet for most of the month Tesla’s stock kept levitating.
    [Show full text]