The proportion of LFP battery in electric vehicle will continue to hit record highs in 2022

According to Researcher and Research LLC, a new high share of lithium-iron-phosphate (LFP) battery in global electric vehicle (EV) market (in terms of MWh) was 19.2% in March 2022, as shown in figure 1. We expect the share of EV using LFP battery continues to reach new highs this year, mainly driven by sales from Tesla, BYD, GM (Wuling), Chery, GreatWall, XPeng and etc.   Figure 1  Share (MWh) of LFP battery in global EV market   Most of EV models using LFP battery were manufactured and sold in the Chinese market last year, and the share of LFP battery in the Chinese EV market has challenged the dominance of ternary lithium battery such as nickel-manganese-cobalt (NMC) and nickel-cobalt-aluminum (NCA). With the successive shipments of some of Tesla’s models equipped with LFP battery, LFP battery has entered the global market. The performance of early LFP battery was seriously behind

2022-04-29T06:13:18-07:00May 2nd, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , , , , , |

Japan became the global top ten electric vehicle sales country for the first time in January 2022

As a member of the R-N-M Alliance, the Japanese carmaker Nissan began selling the Nissan Leaf electric vehicle (EV) a decade ago and has become one of the world's longest-selling battery electric vehicle (BEV) models. However, the Japanese government and automakers appear to be overly conservative in their stance on the development of the EV market compared to the other major auto industry powers and automakers. They strongly support hybrid cars as the most logical option for Japanese automakers and their auto market to transition from petrol cars to EVs. Therefore, Japanese carmakers have not been active in EV sales in recent years, and the development of the domestic EV market in Japan is relatively slow. According to Researcher and Research LLC, Japan was the world's fourth-largest auto market with 2.399 million passenger cars sold in 2021, just behind China with 20.857 million, the US with 14.936 million, and Germany

2022-03-13T05:54:29-07:00March 14th, 2022|Categories: Global EV Snapshot|Tags: , , , , , , , , , |

Will Tesla add a second LFP battery supplier?

Although Tesla is known for its innovation in the automotive industry, Tesla has begun to realize that it should not pay too much attention to technical details and perfect design during the development of Tesla Roadster. And then Tesla transformed itself into a company that stressed both innovative performance and cost management when developing Model S and Model X. And Tesla attached greater importance to the implementation management of feasible solutions for Model 3 and Model Y. Tesla quickly reached the stage of cost control. Tesla is actively looking for various components and suitable solutions that can reduce costs and continues to simplify vehicle structure and manufacturing processes. As a result, Tesla can be said to be a combination of the innovative nature of tech companies in Silicon Valley and the ability of traditional automakers to focus on production costs. Like Apple, Tesla is doing practical research and development, with

2022-03-07T04:23:46-08:00March 7th, 2022|Categories: Global EV Snapshot|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: , , |
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