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The Electric Vehicle and Charging Infrastructure Development in China
___________________________________________________________________________ 2018/EWG/WKSP1/012 The Electric Vehicle and Charging Infrastructure Development in China Submitted by: PetroChina Planning and Engineering Institute APEC Electromobility Workshop Santiago, Chile 1-2 February 2018 The EV and Charging Infrastructure Development in China Workshop on Electromobility: Infrastructure and Workforce Development 1 & 2 February 2018 Santiago, Chile Yue Xiaowen PetroChina Planning and Engineering Institute 1 Content EV development Charging infrastructure development Case study Conclusion 2 EV development 2016-2020 2011-2015 2001 2009 China has The EV demonstration launched the city plan has been It was the initial major research EV application will implemented. stage of projects on EV. be scaled up and industrialization EVs will strive to of EVs. have the market competitiveness for BEV: Battery Electric Vehicle (BEV) commercialized EV here promotion. PHEV: Plug-in Hybrid Electric Vehicle ( PHEV) 3 EV development • Since 2015 China has become the largest EV sales in China (thousands) 800 electric car market in the world. PHEV BEV • In 2017, the EV sales in China achieved 600 nearly 800 thousand with a 2.7% market 400 share. The EV stock reached 1.7 million, accounting for 0.8% of total motor vehicles 200 in circulation in China. 0 EV market share in China (%) 2011 2012 2013 2014 2015 2016 2017 3.0 EV stock in China (thousands) 1800 2.5 PHEV 1500 2.0 BEV 1200 1.5 900 1.0 600 0.5 300 0.0 0 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 http://www.caam.org.cn/ 4 EV development Top 10 models in China as of November 2017 (thousands) BAIC EC-Series Zhidou D2 EV BYD Song PHEV JAC iEV6S/E BYD e5 53% market share Geely Emgrand EV Chery eQ SAIC Roewe eRX5 PHEV BYD Qin PHEV Zotye E200 https://evobsession.com/ 0 5 10 15 20 25 30 35 40 45 50 55 60 65 5 EV development • It has been basically formed a complete industrial chain, including raw material supply, power battery production, vehicle control unit design, etc. -
China Autos Asia China Automobiles & Components
Deutsche Bank Markets Research Industry Date 18 May 2016 China Autos Asia China Automobiles & Components Vincent Ha, CFA Fei Sun, CFA Research Analyst Research Analyst (+852 ) 2203 6247 (+852 ) 2203 6130 [email protected] [email protected] F.I.T.T. for investors What you should know about China's new energy vehicle (NEV) market Many players, but only a few are making meaningful earnings contributions One can question China’s target to put 5m New Energy Vehicles on the road by 2020, or its ambition to prove itself a technology leader in the field, but the surge in demand with 171k vehicles sold in 4Q15 cannot be denied. Policy imperatives and government support could ensure three-fold volume growth by 2020, which would make China half of this developing global market. New entrants are proliferating, with few clear winners as yet, but we conclude that Yutong and BYD have the scale of NEV sales today to support Buy ratings. ________________________________________________________________________________________________________________ Deutsche Bank AG/Hong Kong Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MCI (P) 057/04/2016. Deutsche Bank Markets Research Asia Industry Date China 18 May 2016 Automobiles & China -
ELECTRIC VEHICLES: Ready(Ing) for Adoption
ELECTRIC VEHICLES Ready(ing) for Adoption Citi GPS: Global Perspectives & Solutions June 2018 Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments. For more information on Citi GPS, please visit our website at www.citi.com/citigps. Citi GPS: Global Perspectives & Solutions June 2018 Raghav Gupta-Chaudhary is currently the European Autos Analyst. He has been an Analyst for seven years and joined Citi's London office in July 2016 to cover European Auto Parts. Raghav previously worked at Nomura from 2011 to 2016, where he started off on the Food Retail team and later transitioned to cover the Automotive sector. He has an honours degree in Mathematics with Management Studies from UCL and is a qualified chartered accountant. +44-20-7986-2358 | [email protected] Gabriel M Adler is a Senior Associate in the Citi Research European Autos team. He is currently based in the London office and started with Citi in October 2017. -
2019 Annual Report.Pdf
HEV TCP Buchcover2019_EINZELN_zw.indd 1 15.04.19 11:45 International Energy Agency Technology Collaboration Programme on Hybrid and Electric Vehicles (HEV TCP) Hybrid and Electric Vehicles The Electric Drive Hauls May 2019 www.ieahev.org Implementing Agreement for Co-operation on Hybrid and Electric Vehicle Technologies and Programmes (HEV TCP) is an international membership group formed to produce and disseminate balanced, objective information about advanced electric, hybrid, and fuel cell vehicles. It enables member countries to discuss their respective needs, share key information, and learn from an ever-growing pool of experience from the development and deployment of hybrid and electric vehicles. The TCP on Hybrid and Electric Vehicles (HEV TCP) is organised under the auspices of the International Energy Agency (IEA) but is functionally and legally autonomous. Views, findings and publications of the HEV TCP do not necessarily represent the views or policies of the IEA Secretariat or its individual member countries. Cover Photo: Scania’s El Camino truck developed for trials on three e-highway demonstration sites on public roads in Germany. The truck is equipped with pantograph power collectors, developed by Siemens and constructed to use e-highway infrastructure with electric power supplied from overhead lines. (Image Courtesy: Scania) The Electric Drive Hauls Cover Designer: Anita Theel ii International Energy Agency Technology Collaboration Programme on Hybrid and Electric Vehicles (HEV TCP) Annual Report Prepared by the Executive -
Automotive Industry Weekly Digest
Automotive Industry Weekly Digest 11-15 January 2021 IHS Markit Automotive Industry Weekly Digest - Jan 2021 WeChat Auto VIP Contents [OEM Highlights] Toyota introduces three-cylinder engine to Corolla line-up in China 3 [OEM Highlights] Hyundai Motor Group says its global sales declined 11.8% y/y in 2020, aims to accelerate transformation into future mobility solutions provider 4 [Sales Highlights] BYD reports sales decline of 7.5% y/y in 2020 8 [Sales Highlights] Global auto sales, production to gain momentum in 2021, according to IHS Markit 9 [Technology and Mobility Highlights] NavInfo partners with Inceptio to develop HD map for autonomous trucks 13 [Technology and Mobility Highlights] Dongfeng Motor partners with Aurora Mobile to strengthen AI-based smart mobility services 13 [Technology and Mobility Highlights] 5G, C-V2X, and automotive connectivity in 2021 14 [Supplier Trends and Highlights] MyScript and Epicnpoc team up on automotive multimodal HMI 16 [Supplier Trends and Highlights] EasyMile, Kalray strengthen partnership to develop intelligent system 17 [GSP] Japan/Korea Sales and Production Commentary -2020.12 18 Confidential. ©2021 IHS Markit. All rights reserved. 2 IHS Markit Automotive Industry Weekly Digest - Jan 2021 WeChat Auto VIP [OEM Highlights] Toyota introduces three-cylinder engine to Corolla line-up in China Toyota has introduced a 1.5-litre engine to its Corolla lineup in China. The 1.5-litre three-cylinder engine will be available in three trim versions of the 2021 Corolla line-up with a starting price of CNY109,800 (USD16,999). The engine will be paired with either a six-speed manual transmission or an automatic continuously variable transmission. -
Oreba-Xiaoyu ZHANG
Status of LFP industry and market in China & its readiness to support the transport electrification Xiaoyu ZHANG, SynPLi Consulting Email: [email protected] Agenda Up-stream: LFP in China Mid-stream: LIB in China • LIB market: LIB for xEV application • Key LIB players assessment Down-stream: transport electrification • xEV market • Policy and strategy trend of main OEMs Conclusions and outlook Up-stream: LFP in China 54,000 ton in 2013 Pylon Hangsheng LFP in 2013: 3500 ton Up-stream: LFP in China China 17% More optimistic Less optimistic Cathode active materials in 2025: > 330 000 Tons ASSUMPTIONS : Portable devices: 2010-2025: +11% per year in volume World HEV 4,8 M HEV/year in 2020 - 35% LIB 6,8 M HEV in 2025 90% LIB P-HEV 0,4 M P-HEV/year in 2020, 0,7 M in 2025 100% LIB EV 1M EV/year in 2020, 1,5M/year in 2025 100% LIB Courtesy of Avicenne Energy LIB business revenues (10 8 RMB) 90 Mid-stream: LIB in China 80 70 Lishen 60 World: LIB demand @13CY ( 51,500 MWh) 50 ATL 40 BAK Others 30 BYD Nalon 20 Coslight Wisewod 10 Mcnair 0 Great power 2008 2009 2010 2011 2012 2013 TCL Optimum China LIB supply @13CY ( 17,650 MWh) Veken Lishen Gxgk Po B&K ATL Oceansun Pr BYD UTL BAK HYB Cy AEE Coslight Tianmao 0,00 200,00 400,00 600,00 800,00 1000,00 First First Coslight BAK China LIB export BYD 4,0% @13CY: 7% ATL Japan Lishen Korea LEJ 25,9% 27,2% AESC Cy Pr Po&La China Hitachi Others Sony 42,9% Panasonic LG Chem SDI Courtesy of RealLi Research China LIB demand @13CY: 14000MWh Mid-stream: LIB in China China LIB production @13CY (unit: -
China Autos Driving the EV Revolution
Building on principles One-Asia Research | August 21, 2020 China Autos Driving the EV revolution Hyunwoo Jin [email protected] This publication was prepared by Mirae Asset Daewoo Co., Ltd. and/or its non-U.S. affiliates (“Mirae Asset Daewoo”). Information and opinions contained herein have been compiled in good faith from sources deemed to be reliable. However, the information has not been independently verified. Mirae Asset Daewoo makes no guarantee, representation, or warranty, express or implied, as to the fairness, accuracy, or completeness of the information and opinions contained in this document. Mirae Asset Daewoo accepts no responsibility or liability whatsoever for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Information and opin- ions contained herein are subject to change without notice. This document is for informational purposes only. It is not and should not be construed as an offer or solicitation of an offer to purchase or sell any securities or other financial instruments. This document may not be reproduced, further distributed, or published in whole or in part for any purpose. Please see important disclosures & disclaimers in Appendix 1 at the end of this report. August 21, 2020 China Autos CONTENTS Executive summary 3 I. Investment points 5 1. Geely: Strong in-house brands and rising competitiveness in EVs 5 2. BYD and NIO: EV focus 14 3. GAC: Strategic market positioning (mass EVs + premium imported cars) 26 Other industry issues 30 Global company analysis 31 Geely Automobile (175 HK/Buy) 32 BYD (1211 HK/Buy) 51 NIO (NIO US/Buy) 64 Guangzhou Automobile Group (2238 HK/Trading Buy) 76 Mirae Asset Daewoo Research 2 August 21, 2020 China Autos Executive summary The next decade will bring radical changes to the global automotive market. -
Electrifying the World's Largest New Car Market; Reinstate At
August 31, 2016 ACTION Buy BYD Co. (1211.HK) Return Potential: 15% Equity Research Electrifying the world’s largest new car market; reinstate at Buy Source of opportunity Investment Profile Electrification is set to reshape China’s auto market and we expect BYD to Low High lead this trend given its strong product portfolio, vertically integrated model Growth Growth and high OPM vs. peers. A comparative analysis with Tesla shows many Returns * Returns * strategic similarities but BYD’s new energy vehicle business trades at a sizable Multiple Multiple discount, which we see as unjustified given its large cost savings, capacity Volatility Volatility utilization, and front-loaded investment. China’s new energy vehicle market is Percentile 20th 40th 60th 80th 100th poised to deliver c.30% CAGR (vs. 4% for traditional cars) over the next decade. BYD Co. (1211.HK) We have removed the RS designation from BYD. It is on the Buy List with a Asia Pacific Autos & Autoparts Peer Group Average * Returns = Return on Capital For a complete description of the investment 12-m TP of HK$61.93, implying 15% upside. Our scenario analysis, flexing profile measures please refer to the disclosure section of this document. sales volume and margin assumptions, implies a further 30% valuation upside. Catalyst Key data Current Price (HK$) 54.00 1) More cities in China are likely to announce local preferential policies in 12 month price target (HK$) 61.93 Market cap (HK$ mn / US$ mn) 110,705.4 / 14,270.1 the new energy vehicle (NEV) segment once the result of the subsidy fraud Foreign ownership (%) -- probe is announced. -
Electric Vehicles Charge up What's Available, How They Work, Owner Stories
Issue 131 ELECTRIC VEHICLE SPECIAL Going off-grid? Check out our ReNew Battery Buyers Guide Technology for a sustainable future Find it inside! Electric vehicles charge up What's available, how they work, owner stories PLUS Solar finance, off-grid in WA, DIY solar watering systems & more IssueIssue 125131 April–JuneOctober–November 2015 2013 AU $7.95$8.95 NZ NZ $8.95 $9.90 www.renew.org.au Not just transport: EVs as storage WIN DIY: going off-grid, one step at a time a hot water heat pump 100 energy assessments: lessons learnt from Siddons Solarstream! *Australian residents only 131 cover2.indd 1 12/03/2015 7:51:04 PM Contents Issue 131, April – June 2015 Read more articles at renew.org.au Follow us on Twitter: twitter.com/ReNewMagazine Like us on Facebook: facebook.com/ReNewMag More sustainable transport Electric vehicles, here and now Features Special feature: electric vehicles 22 d 34 d Off-grid in WA EVs in Australia: why are we waiting? Jai Thomas describes his parents' journey Bryce Gaton explores the current and future towards their sustainable work and lifestyle. market in EVs in Australia. 28 d 38 d Solar financing Know your renewables: all about EVs Andrew Reddaway considers whether there Lance Turner looks at some of the basic o 'Kambarang' in 2009: the dream of off-grid living are savings to be found in financing concepts and terms you might come across taking shape in WA. Page 22. your solar install. when researching EVs. 30 44 d 100 home energy assessments A tale of two EVs Tim Forcey shares the process and lessons An owner of two electric vehicles, Richard learnt in a recent round of home energy Keech, shares his experience and reflects on assessments. -
World Bank Document
Policy Research Working Paper 9359 Public Disclosure Authorized The Role of Government in the Market for Electric Vehicles Public Disclosure Authorized Evidence from China Shanjun Li Xianglei Zhu Yiding Ma Fan Zhang Hui Zhou Public Disclosure Authorized Public Disclosure Authorized Infrastructure Vice Presidency Office of the Chief Economist August 2020 Policy Research Working Paper 9359 Abstract To promote the development and diffusion of electric vehi- design and instrumental variable method. The analysis cles, central and local governments in many countries have shows that central and local subsidies accounted for over adopted various incentive programs. This study examines half of the electric vehicles sold during the data period. the policy and market drivers behind the rapid develop- Investment in charging infrastructure is much more cost-ef- ment of the electric vehicle market in China, by far the fective than consumer purchase subsidies. In addition, the largest one in the world. The analysis is based on the most policy that merely provided electric vehicles a distinctively comprehensive data on electric vehicle sales, local and cen- license plate was strikingly effective. These findings demon- tral government incentive programs, and charging stations strate the varying efficacy across policy instruments and in 150 cities from 2015 to 2018. The study addresses the highlight the critical role of government in promoting potential endogeneity of key variables, such as local policies fuel-saving technologies. and charging infrastructure, using the border regression This paper is a product of the Office of the Chief Economist, Infrastructure Vice Presidency. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. -
Innovation Center for Energy and Transportation Clean Transportation Program Brief, Nov 20
能源与交通创新中心 Innovation Center for Energy and Transportation Clean Transportation Program Brief, Nov 20 New Energy Vehicles Commercialization Plan: Regional Pressures, Small Vehicles Performance and a National Transferability Example Following the State Council’s new guideline1 for advancing the commercialization of New Energy Vehicles (NEV), MIIT and six other ministries have jointly published the first batch of 17 passenger NEV models eligible for purchase tax exemption in September2 and the second batch of 28 more eligible passenger NEV models in October 20143. The first list represented 56% of passenger NEVs (pure and hybrid electric vehicles) produced in September, while the combined list (see Table 1) comprised 84% of NEVs produced in October. Interestingly, while NEVs (passenger and other) production pace in September was 11 times that of the previous year reaching 10,113 (of which 35% were passenger Pure Electric Vehicles, PEVs), October saw a sharp increase of 24 times the production volume compared to the same month in the previous year but with a total volume of only 5,685 NEVs (of which 40% were passenger PEVs). By October 2014, the cumulative production of NEVs reached 47k, representing a 5 folds year-on-year increase and a 0.3% of total vehicle production, as oppose to 0.06% in the same period of previous year. Passenger PEVs grew 7 folds reaching over 22k, while plug-in hybrids grew 20 folds, reaching just over 10k. Meanwhile, commercial PEVs and PHEVs increased by only 1.3 and 1.8 folds respectively, suggesting the next big market for electrification already is the private vehicle market4. -
Leapfrogging Or Stalling Out? Electric Vehicles in China
Leapfrogging or Stalling Out? Electric Vehicles in China Sabrina Howell Henry Lee Adam Heal 2015 RPP-2015-07 Regulatory Policy Program Mossavar-Rahmani Center for Business and Government Harvard Kennedy School 79 John F. Kennedy Street, Weil Hall Cambridge, MA 02138 CITATION This paper may be cited as: Howell, Sabrina, Henry Lee, and Adam Heal. 2015. “Leapfrogging or Stalling Out? Electric Vehicles in China.” Regulatory Policy Program Working Paper RPP-2015-07. Cambridge, MA: Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School, Harvard University. Comments may be directed to the authors. REGULATORY POLICY PROGRAM The Regulatory Policy Program at the Mossavar-Rahmani Center for Business and Government serves as a catalyst and clearinghouse for the study of regulation across Harvard University. The program's objectives are to cross-pollinate research, spark new lines of inquiry, and increase the connection between theory and practice. Through seminars and symposia, working papers, and new media, RPP explores themes that cut across regulation in its various domains: market failures and the public policy case for government regulation; the efficacy and efficiency of various regulatory instruments; and the most effective ways to foster transparent and participatory regulatory processes. The views expressed in this paper are those of the authors and do not imply endorsement by the Regulatory Policy Program, the Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School, or Harvard University. FOR FURTHER INFORMATION Further information on the Regulatory Policy Program can be obtained from the Program's executive director, Jennifer Nash, Mossavar-Rahmani Center for Business and Government, Weil Hall, Harvard Kennedy School, 79 JKF Street, Cambridge, MA 02138, telephone (617) 495-9379, telefax (617) 496-0063, email [email protected].