Analysis of the strategic partnerships between main EV OEMs and battery suppliers in Europe, America and Asia

The electric vehicle (EV) trend led by Tesla has not only attracted more startups in recent years, but also driven the active transformation of traditional automakers and the rapid growth of the market. Instead of a transmission system, EV directly transmits power to the front and rear electric engines through the battery. Thus, car makers could reduce a lot of energy transmission consumption through their proprietary designs, and also improve their pack of batteries technology, which enables their EV to have higher energy density and enjoy greater advantages. Therefore, battery is the key component of EV. As new and traditional car makers are moving into the EV business, it has become an important strategy for EV makers to establish a deep cooperative relationship with battery manufacturers, and invest in factories together, in order to meet the needs of their own design and development of EV, as well as the high

2021-11-21T23:56:43-08:00November 22nd, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , , , , , , , |

Worldwide electric vehicle market sales in October

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, global electric vehicle (EV) market sales were 604,135 units in October, with a year-over-year (YoY) growth of 67% and an month-over-month (MoM) decline of 13%. The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 71% and 29%, respectively. Moreover, lithium-iron-phosphate (LiFePO4 cathode, LFP) battery continued to hit a record high in the proportion of batteries used in the global EV market (in terms of MWh), reaching 14% in October 2021, mainly driven by shipments from GM (Wuling), BYD, Tesla, Great Wall, GAC and Xiaopeng. Another record highs were the penetration rates of EV and BEV. Due to continued shortages of automotive chips and related automotive accessories, sales of internal combustion engine (ICE) passenger cars (including light commercial vehicles used primarily as passenger cars) kept declining, while the penetrations of EV and BEV continued to

2021-11-09T01:43:21-08:00November 9th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

Chinese EV OEMs have made inroads around the world

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, Chinese EV OEMs have successfully entered the global market. As shown in figure 1, Chinese OEMs have successively launched models in various countries and have begun to gain some ground. Figure 1  Market shares of Chinese EV OEMs by country, January-September 2021   This is a successful start for Chinese OEMs, but this start is not easy and time-consuming. To achieve such results, there are four main stages: First of all, under the request of the Chinese government, all foreign OEMs entering the Chinese market must establish joint ventures with Chinese companies. This allows local Chinese automakers to gain considerable expertise. Secondly, thanks to the national policy stimulus since 2009, China replaced Norway and the United States to become the world's largest EV market in 2015. Furthermore, although these favorable policies also caused the EV makers with

2021-11-04T21:26:11-07:00November 3rd, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: |

Tesla’s strategy in China in 2022

In September this year, Tesla Model Y and Model 3 were the only two models that were not launched by Chinese OEMs to make the top 20 most popular models in China’s electric vehicle (EV) market, as shown in Table 1. Although since September 2020, Wuling HongGuang MINI has begun to replace Tesla as the best-selling model in the local market, it can not replace Tesla's image as the leading brand of EV in the Chinese market. This shows that Tesla's strategy in China has been very successful, which is why it is worth noting. Table 1  The top 20 best-selling EV model sales volume & share in China in September 2021   Although Tesla's initial goal was not to become a leading manufacturer of EV, or in other words, Tesla's goal was to prove that EV is feasible, and becoming a leading manufacturer was only a good additional

2021-11-03T06:33:23-07:00October 29th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , , |

Worldwide electric vehicle market sales in Q3 2021

Global electric vehicle (EV) market grew to 1,690,996 units in Q3, with a year-over-year (YoY) growth of 94% and a quarter-over-quarter (QoQ) growth of 16%. Regarding to the proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV), BEV accounted for 72%, up 3% from 69% in the same period of last year, and PHEV type accounted for the rest 28%. In terms of penetration, the global EV penetration surpassed 10% in Q3, and the global BEV penetration surpassed 7%, both of which hit all-time quarterly highs. In terms of EV sales volume and market share in major countries, China remained the world's largest EV sales country, with a 51% market share. The US overtook Germany for the first time this year and became the second largest country this quarter. These three countries accounted for the majority of Q3 sales, with a combined share of 71%. The rest

2021-10-23T06:13:01-07:00October 23rd, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

Asia and Middle East electric vehicle market sales, January-August 2021

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, electric vehicle (EV) sales in Asia and Middle East were 1,802,723 units, with a YoY growth of 177%, as shown in table 1. Table 1  Asia and Middle East EV sales countries sales and YoY growth, January-August 2021 In terms of EV sales country, China ranked first in Asia and globally with 1,657,728 units sold in January-August period. The most obvious aspect of China's automobile industry is the strategy of automobile power, which has never changed. The Chinese market is dominated by battery electric vehicle (BEV), which accounted for 82%, while plug-in hybrid electric vehicle (PHEV) accounted for the rest 18%. The market preferred mini car, with a sales share of 27%, mainly to meet the needs of users in the third-, fourth-and fifth-tier cities and county-level rural areas; followed by mid car with 17% and mid

2021-10-18T19:52:12-07:00October 14th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

Worldwide electric vehicle market sales in August

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, despite the negative impact of global shortages of automotive chips and seasonal slowdown, global electric vehicle (EV) market grew to 513,841 units in August, shaking off the recession of July, with a year-over-year (YoY) growth of 103% and an month-over-month (MoM) growth of 6%, as shown in figure 1. Figure 1  Worldwide monthly EV sales   The proportions of battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) were 72% and 28%, respectively, as shown in figure 2. BEV mainstream status was firmly established, up 1% from the previous month, but there was still nearly 30% in PHEV type. Figure 2 Change in the proportion of BEV and PHEV sales   In terms of penetration, as shown in figure 3, the global EV penetration continued to grow in August, approaching 10%, and the global BEV

2021-09-26T21:44:38-07:00September 27th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

The surging LFP Battery

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, the share of lithium-iron-phosphate (LiFePO4 cathode; LFP) battery in global electric vehicle (EV) market (in terms of MWh) was 13% in July 2021, as shown in figure 1. We expect a new high share in Q4 this year, mainly driven by shipments from GM (Wuling), BYD and Tesla. Figure 1  Share of LFP battery in global EV market   Mainly produced and sold in China Nearly 100% of current EV models using LFP battery are manufactured and sold in the Chinese market. In terms of EV sales from January to July this year, the rise in the proportion of LFP battery was mainly driven by models such as GM Wuling HongGuang Mini, Tesla Model 3, BYD Han, BYD Qin Plus DM-i, BYD Qin Plus and Sol E10X. Currently, only Chinese battery manufacturers are licensed to manufacture and

2021-09-21T01:39:32-07:00September 15th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , |

Global top 20 EV OEMs sales analysis, January-July 2021

According to Worldwide Monthly BEV & PHEV Tracker from Researcher and Research, the global top 20 electric vehicle (EV) OEMs accounted for 91% of the overall market sales from January to July this year, as shown in table 1. Most OEMs, notably Hyundai Motor, saw their market share increase from the same period last year, while R-N-M Alliance showed a significant decline.   Table 1  Global top 20 EV OEM sales volume & share, January-July 2021   Tesla was the world's largest EV OEM, and its Model 3 and Model Y were ranked the first and third among the global top 20 best-selling models from January to July, as shown in table 2. In terms of sales region, Model 3 sold best in Asia Pacific, accounting for 44%, of which the Chinese market was the largest; while the North American market surpassed the European market, with a share of

2021-09-06T06:28:35-07:00September 7th, 2021|Categories: Worldwide Monthly BEV and PHEV Tracker|Tags: , , |

Introduction of “New” Worldwide Monthly BEV and PHEV Tracker

Researcher and Research has published Worldwide Monthly BEV and PHEV Tracker since this June. In order to provide our clients with more valuable content, we are about to make a revision in September. Our research service, like an exclusive advisor to a manager, will regularly analyze noteworthy trends in the global electric vehicle (EV) market every month. With the EV industry and market changing every day, along with people today are drowning in a sea of information, reports that can be analyzed in depth and present in a simple way are more and more valuable. Therefore, our reports presented as slides in PDF so that our clients can quickly understand the key points and immediately grasp the important information for decision making. Therefore, the appeal of this report is concise and easy to read, which mainly includes three sections.   The first section is an overview of the latest developments

2021-11-04T21:31:10-07:00September 1st, 2021|Categories: Newsletter, Worldwide Monthly BEV and PHEV Tracker|Tags: |
Go to Top