Sales of new energy PV soar 150% year on year in April

Shanghai (Gasgoo)- In April, sales of new energy passenger vehicle (PV) reached 73,145 units with a YoY surge of 150% and a MoM sales growth of 31.3%, according to the data released by the China Passenger Car Association (CPCA). The robust YoY sales growth in April signifies huge market demands in NEVs.
BYD still led the pack in all automakers by April NEV sales, with a YoY surge of 116% to 13,392 units. From January to April, BYD performed excellently with an outstanding YoY increase of 175%. Following BYD, BAIC BJEV sold 11,771 NEVs, soaring 104% over the previous year. Strikingly, Hawtai Motor saw NEV sales skyrocket 15376% to 3,250 units, compared to 21 units in April, 2017. Besides, Chery and SGMW boasted remarkable NEV sales in April.

In terms of the top 10 best-selling NEV models, the BAIC EC Series took the sales championship with deliveries of 7,471 units in April, jumping 72% from a year earlier. The BYD e5 ranked second with sales reaching 4,294 units. The ZHIDOU D2 was the third best-selling NEV model among all NEV models in the Chinese market with deliveries of 4,152 units, up 12% year on year in April.
As to different NEV types by April sales, taking up 52.4% shares, A00 class pure electric vehicle still dominated the pure electric PV market with YoY and MoM sales growth of 87% and 7% respectively to 29,579 units. In terms of PHEV, sales reached 16,677 units, shooting up 243% regarding the same period last year. In this segment, A-class PHEV sales leaped 360% year on year to 15,040 units in April, staying its leadership with market shares up to 90%.
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• 1Summary of Chinese automakers sales in April
• 2Sales of new energy PV soar 150% year on year in April
• 3Top 10 PV automakers by April wholesale volume
• 4BYD’s new energy passenger vehicle sales soar 117% year on year in April
• 5Central and South America, Africa may become Chinese branded cars' most potential markets

Top 10 PV automakers by wholesale volume in April

Shanghai (Gasgoo)- According to the data released by the China Passenger Car Association (CPCA), China’s PV (passenger vehicle) retail sales (excluding minivan) reached 1.812 million units, up 9.6% year on year and down 8.6% month on month. Meanwhile, the wholesale PV volume nationwide was 1.874 million last month, rising 12.3% from a year ago, while dropping 11.7% month on month.
In the first three months, a total of 1.982 million PVs (excluding minivan) were delivered in China with a year-on-year growth of 4.4%, reversing the sales downturn in a year-ago period. The rising PV performances in the first quarter may curb the month-on-month growth in the following month. Due to the Qingming Festival and the May Day, there are only 20 work days in April, which was 2 work days less than in March. This may cause the month-on-month sales decline in April to some extent.

As to the top 10 PV automakers in April by wholesale volume, SAIC-GM, SAIC-VW and FAW-VW still occupied the first three places compared with the previous month. SAIC-GM took the championship this time with a wholesale volume up to 171,177 units in April. Besides, Geely Auto, who ranked fifth in March, moved up to the fourth with 128,817 units delivered last month, driven by the strong sales of sedans and SUVs and the fast-growing sales of the Lynk & Co. Additionally, SAIC Motor PV ranked tenth with a year-on-year jump of 50% in wholesale volume to 62,289 unit in April.
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• 1Geely Auto sees 49% YoY sales leap in April with Lynk & Co 01 sales topping 9,000 units
• 2Li Shufu increases HKD 433 million worth of shares in Geely Auto
• 3Geely Auto delivers 500,000th Boyue
• 4BYD suffers YoY net profit nosedive of over 80% in Q1
• 5Highlights of NEV makers at Auto China 2018

Brief on autonomous driving development in China

Shanghai (Gasgoo)- Gasgoo Auto Research Institute analyzes the background of the autonomous driving development in China from three aspects of industrial milieu, economy and traffic condition.

Growing vehicle outputs, sales indicate great potential of autonomous driving
China has been seeing continuous growth in auto outputs and sales in past several years. In 2016, the national vehicle outputs and sales reached some 28.19 million units and 28.028 million units respectively with an industrial profit margin of 8.3%, according to the data from the National Bureau of Statistics. Facing the increasingly fiercer market competition, autonomous driving area, as a “new blue ocean”, not only attracts a slew of automakers to be involved in, but also promotes the industrial upgrading.
However, under the pressure of decreasing profit margin and slower growth of total profit, automakers keep seeking new breakthroughs to cater to the general trend in autonomous driving industry. Plentiful enterprises have flocked into this area to work on creating end-use intelligent products.
In addition, autonomous driving industry is gradually experiencing transformation and upgrading. Traditional automakers, vehicle startups, technology companies and Internet giants are racing to make layouts in this realm.
Consumption growth spurs industrial transformation
In terms of economy factor, the continuous growth in domestic economy, the improvement in people's living standard and the dynamic terminal consumer market accelerate the technology progress in auto industry. The massive market space attracts great amounts of investments that spur on the industrial development.

People's consumptions on traffic have been increasing year by year along with continuous growth of the disposable income per capita. Thus, the rising traffic consumption will help enlarge the market size for auto industry. The disposable income per capita had increased from RMB 18,311 in 2013 to RMB 23,821 in 2016. Meanwhile, transportation and communication expenditure per capita also showed year-on-year rising to RMB 2,338 in 2016 from RMB 1,627 in 2013, according to the data from the National Bureau of Statistics.
Thanks to the fast development of AI tech to some extent, investors hold earnest expectation over the autonomous driving industry, therefore speeding up the overall industrial progress.
Autonomous driving tech can solve traffic problems
Industry hold the view that autonomous driving tech can help solve such problems as the congestion caused by growing vehicles on road, frequent traffic accidents and low efficiency of urban transportation.

There were around 165.3 thousand traffic accidents nationwide in 2016, nearly 38.9 thousand less than that of in 2012, according to the data revealed by Traffic Management Bureau of the Public Security Ministry and sorted by Gasgoo. Even so, this is still a huge number. Gasgoo deems that autonomous driving systems in vehicles will help lower the likelihood of traffic accident occurrence, thus lessen the loss of property.
Additionally, affected by the rising vehicle parc, risky driving behaviors and low vehicle usage, the urban traffic congestion is getting worse day by day. Using autonomous vehicle technologies is beneficial to tackle some difficulties, such as eliminating constraint over drivers, improving vehicle speed and optimizing road resources.
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• 1Brief on autonomous driving development in China
• 2BYD’s new energy passenger vehicle sales soar 117% year on year in April
• 3Central and South America, Africa may become Chinese branded cars' most potential markets
• 4GWM completes 29.17% of 2018 target with cumulative sales over 330,000 units
• 5Changan PSA sets up exclusive marketing department for DS

Borgward North American R&D Center founded

Shanghai (Gasgoo)- On May 7, Borgward announced that the Borgward R&D Silicon Valley Inc. has registered and founded successfully, together with a series of personnel appointments.
Borgward appointed Mr. Xing Zhou as director of autonomous driving in Borgward R&D Silicon Valley Inc., which will focus on technology R&D and application for Borgward in artificial intelligence (AI) and human-machine interaction. Meanwhile, Borgward also named Yang Song, Borgward's president, as chairman of board of director of the newly-founded R&D center, Huo Jing, director of marketing of Borgward Group AG Sales Company, as executive board of director, and Bai Zhengxian, vice president and director of engineering institute of Borgward, as CEO of the Borgward R&D Silicon Valley Inc.
Recently, with several adjustments of Borgward's personnel, the automaker had basically completed the construction of its new internationalized core talents group. The joining of world-leading talents also boosts Borgward's core competitiveness in technology R&D and marketing. Meanwhile, the registration and found of the Borgward R&D Silicon Valley Inc. indicates that Borgward is accelerating and deepening intelligentized strategy and also boosts the R&D and application of autonomous driving technologies and AI system.
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• 1Li Shufu increases HKD 433 million worth of shares in Geely Auto
• 2Geely Auto delivers 500,000th Boyue
• 3BYD suffers YoY net profit nosedive of over 80% in Q1
• 4Highlights of NEV makers at Auto China 2018
• 5Major partnerships announced at Auto China 2018

Mazda reports record China sales in first four months

Shanghai (Gasgoo)- Mazda delivered a new high of 102,022 vehicles in the first four months in China, jumping 16.9% from a year earlier. Meanwhile, the automaker boasted a year-on-year sales growth of 7.6% in April with 24,572 units delivered in this country, according to Mazda Motor (China) Co., Ltd.
FAW-Mazda’s cumulative sales so far this year climbed 4.5% year on year to 41,449 units, while its monthly sales in April reached 9,808 units, edging up 2.9% over the previous year.
Changan Mazda saw an impressive growth of 27.2% with 60,573 vehicles handed over from January to April. Last month, the automaker delivered 14,764 vehicles, increasing 11.0% compared with the same period of 2017.
At Auto China 2018, the Japanese automaker announced that Changan Mazda will manufacture and sell the all-new mid-to-large 3-row 7-seat SUV model the CX-8 in the second half of this year. In addition, the MX-5 RF, whose presale was initiated by FAW-Mazda at the Guangzhou International Automobile Exhibition in November last year, will be officially handed over soon.
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• 1Bosch, Mahle sell turbocharger joint venture
• 2Hongqi, Bentley show possibility in future cooperation at Auto China 2018
• 3SAIC Motor starts construction of Ningde PV production base
• 4BYD releases DiLink intelligent system at Auto China 2018
• 5AIWAYS RG debuts at Auto China 2018 with maximum range of 1200km

Geely Auto delivers 500,000th Boyue

Shanghai (Gasgoo)- Geely Auto has already handed over its 500,000th unit of the SUV model Boyue, according to local media.
As the last SUV model of Geely Auto 3.0 Era, the cumulative deliveries of the Boyue reached 500,000 units recently since it hit the market in March, 2016. On March 15 this year, the refreshed 2018 Geely model went on sale with official suggested price ranging from RMB 98,800 to RMB 159,800.
The 2018 Geely Boyue has been optimized and upgraded in appearance, security as well as intelligent configurations. Besides, the new model is equipped with the GKUI (Geely Smart Ecosystem), which possesses diverse functional configurations like intelligent speech interaction, socialized navigation system, and so on.

On May 4, Geely Auto and the world-leading energy company Shell jointly initiated the journey dubbed “Challenge of spanning 100°in longitude ” with the aim of demonstrating the Geely Boyue's extraordinary performance and signifying the cooperative importance between Geely and Shell. Reportedly, in the next two months, a fleet comprising four vehicles of the Boyue will start from Xi'an, Shaanxi province, pass through Russia, Belarus and France and finally arrive in the UK.
In November last year, the first foreign-made Boyue rolled off the production line in the plant of Barysaw, Belarus and hit the market in Moscow in February. In addition, the first model co-developed by Geely Auto and Proton is set to go on sale in the second half of this year.
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• 1FAW-VW posts sales growth of 11.2% year on year in April
• 2Qoros Auto April sales skyrocket 400% year on year
• 3Geely Auto delivers 500,000th Boyue
• 4BYD suffers YoY net profit nosedive of over 80% in Q1
• 5Analysis of Tesla’s plight from perspective of China’s imported and exported NEVs in Q1

 

 

AIWAYS RG debuts at Auto China 2018 with maximum range of 1200km

Shanghai (Gasgoo)- The AIWAYS RG made its world premiere at Auto China 2018. The new model is a pure electric sports car with eye-popping, cool and sporty exterior. It can sprint from 0-100km in 2.5 seconds. Thanks to the outstanding hydrogen fuel cell battery, the model boasts a theoretic maximum range of 1,200km and a maximum speed of 300km per hour.

Designed by Roland Gurnpert, father of Audi Quattro, the purple premium racing car boasts an aggressive and exaggerated front end. With an X-shaped front bumper and three large air inlets, the appealing model looks very stylish and dynamic.

Responding to the design style of the front end, the RG also features a bold-designed rear end. The pulling-through LED light strips enable the model to have a higher recognition. The large spoiler at the rear end not only helps enhance the model's beautiful appearance, but also optimizes the model's aerodynamics.

In terms of interior, the RG adopts a wrap-around design style, featuring a two-spoke flat-bottom steering wheel, a floated touch screen and a LCD instrument panel. What's more, it adopts racing car-level seats and comes with five-point safety belts.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com.

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• 1Hongqi, Bentley show possibility in future cooperation at Auto China 2018
• 2SAIC Motor starts construction of Ningde PV production base
• 3BAIC BJEV launches Darwin System at Auto China 2018
• 4FAW Xiali debt-to-asset ratio up to 98.2% in 2017
• 5BYD releases DiLink intelligent system at Auto China 2018