Friday, November 18, 2016

China October 2016 (Updated)

Image result for BAIC electric lineup
Beijing Auto (BAIC): Has BYD found its nemesis?

BAIC Shines (Again)

The Chinese market had more than 32.000 new EV's zooming the streets in October, with the market up a mere 3% over the previous month, but still, it was a 46% increase over the same month last year, so not all is bad.

With the market share continuing to rise steadily, now at around 1.4%, the Chinese EV market is headed for some 400.000 units by December, 31st, which will not only beat North America and Europe as major selling markets, both in volume and market share, but would also mean that China will absorb around half of the EV’s delivered in 2016.

In October, BYD managed to place only one model among the Top 5, the veteran e6, against two models from Beijing Auto, with BAIC repeating their Gold & Bronze medals of September, while the Chery eQ filled its predecessor big shoes and collected a Top 5 position. 

BYD’s last performances have been particularly disappointing, as the brand seems to have stopped growing, with October being the fifth consecutive month of 10.000-something performances, in stark contrast to Beijing Auto, that in the same period jumped from 4.116 units to more than seven thousand. Can it be that BAIC will put BYD’s domination to an end soon? 

Here are last month Top 5 Best Selling models:


Image result for BAIC eu260
#1 – BAIC EU260: Beijing Auto’s new poster-child for success, the EU260 (The “260” is its range in kms) has hit once again record heights, with 4.580 units, a new year high in China and a new volume record for any BAIC model. Sitting at the heart of the plug-in sedan market, with a price of 255k Yuan (+/- 37k USD), for reference, the fancier BYD Qin EV300 starts at 260k, while the more utilitarian BYD e5 costs 240k, this model seems set to be a force to be reckoned with in the future.


Image result for 2016 BYD e6
#2 - BYD e6: Having been launched back in 2010, this BYD model is currently the Granddaddy of Chinese EV’s, being a popular model among fleet companies, in China and abroad, it must have been one of those fleet deals that allowed it to surge deliveries to 3.118 units, allowing it to be the best selling BYD last month. With a massive 82 kWh battery and 400 kms range, expect the oldtimer to continue appearing regularly here.


Image result for 2016 BAIC E-Series EV
#3 – BAIC E-Series EV: This Mercedes B-Class inspired BAIC hatchback has been the brand’s bread-and-butter model over the years, and despite the recent success of its EU260 sibling, BAIC had enough production capacity to keep the E-Series running at high voltage, with 2.395 units, repeating the September feat of having two models in the podium, something that must be sounding alarms at the BYD Headquarters…




Related image 
#4 – Zhidou D1 EV: The tiny two-seater is becoming a regular here, repeating its Fourth Place again in October, with the D1 securing the Best Seller status of its class, with 2.308 units, a 98% increase YoY.


Image result for 2016 Chery eQ
#5 – Chery eQ: This rather funky little hatchback is the spiritual successor of the QQ EV, a basic model that once epitomized what EV’s were like in China, having won the Best Seller trophy three years in a row, from 2011 to 2013. The eQ is a significant departure from its predecessor, as now it can be considered an actual car, with a 22 kWh battery, 200 kms range, a 56 hp engine and suitable equipment (Airbags, ABS, A/C and back radar), this can be considered the Mitsubishi I-Miev of China…And at 160k Yuan (+/- 23k USD), before incentives, it ought to. Last month it reached 2.130 sales, its best result to date.



Year-to-Date Ranking – It’s BYD vs BAIC all the way


If the podium remained unchanged, the following positions saw the Roewe e550 stumble two positions to #6, benefiting the now #4 BYD e6 and #5 BAIC EU260, two models that have broken their personal records last month, something that has a special meaning for the six-year-old BYD, which some time ago had 1.544 units delivered…During the whole year of 2013!

Other models from the two current Chinese powerhouses also climbed in the ranking, with the BYD Qin EV300 (2.124 units, new personal best) jumping three positions to #10, while the BAIC EX200 climbed one position to #19, but the 300 units delivered were somewhat disappointing, considering the great potential this compact Crossover has.

Final mention for the Zotye E200 city car, that by registering a record 1.655 units, jumped four positions to #14, becoming the one of the surprises of the month.

Looking at the manufacturers ranking, BYD is the perennial leader, with 33% market share, followed by BAIC (14%, up 1%), which is cementing its dark horse status among the Chinese EV makers, with Zotye (8%, up 1%) replacing SAIC Roewe (7%, down 1%) in Third Place.

Finally, looking at the breakdown between BEV’s and PHEV’s, unlike other markets where plug-in hybrids are winning the upper hand, all-electric cars just continue improving its share, now at 72%, up 2% regarding last month.

Pl
China
Oct.
YTD
%
1
BYD Tang
1.529
28.317
11
2
BYD Qin
1.538
19.929
8
3
BAIC E-Series EV
2.395
17.852
7
4
BYD e6
3.118
16.008
6
5
6
7
8
BAIC EU260
SAIC Roewe e550
BYD e5
Chery eQ
4.580
527
1.943
2.130
14.727
13.600
11.106
10.857
6
5
4
4
9
Zotye Cloud EV
2.053
9.778
4
10
BYD Qin EV300
2.124
8.922
3
11
Zhidou D1 EV
2.308
8.787
3
12
13
14
15
16
17
18
19
20

JMC E100
JAC iEV4
Zotye E200
Geely Emgrand EV
Zhidou D2 EV
Tesla Model S
Kandi K17 Cyclone
BAIC EX200
Changan Eado EV
Others
1.007
614
1.655

1.002
1.085

300
151
2.711
8.358
8.270
7.441
7.359
7.141
6.964
6.164
4.205
4.119
38.062
3
3
3
3
3
3
2
2
2
15
TOTAL Market
32.770
257.926
100

Also published in EV Obsession and CleanTechnica.

13 comments:

  1. Jose,
    There is something wrong with your TOTAL Market - Figures
    The figures (31.437 and 224.535) are twice the same in September and Oktober.

    ReplyDelete
    Replies
    1. You're right, bug now corrected.

      Delete
  2. Jose,

    FYI re. Kandi On Oct 26 Li Shufu and Geely Holdings officially became the new 50% JV partner to KNDI. KNDI reported Guidance of 2000-2200 for Q4 sales which is likely conservative based on a comment KNDI CEO made on the CC that he expected the new Pang da & Shanxi 50,000 & 60,000 5 year agreements to take 3,000 alone by this years end and 10,000 each next year.

    Shanxi has already had a powerful start according to this article out yesterday.

    "Good news | Global Hawk electric car two hours buying 600 units, Shanxi land bloom"
    2016-11-17 Condit Global Hawk electric vehicles
    http://bit.do/cSrv7

    ReplyDelete
  3. Based on my view, tesla should deliver more X than S in Oct

    Tesla will deliver more than 10K S+X this year

    which is around 10B RMB (1.6B dollar)

    ReplyDelete
  4. Some how, it has been difficult to find Tesla X delivery numbers in China.

    ReplyDelete
  5. Record number of Tesla Model S sales in Hong-Kong in September (497). With this result, Tesla sales there for 2016 already outpace 2015 total sales. It's odd to see that more Model S were sold in Hong-kong in Septembre than in the all Europe in October. In the same way, more Model S were delivered in China in October than in US.
    I know, this all about Tesla stopped production in the beginning of October and the time needed to Tesla cars to arrive to China and Hong-Kong (a lot of car in transit) but with some European countries putting limits to EV subsides and rebates that eliminate Tesla cars from these tax exemptions, subsides and rebates and, at the same time Tesla entering in new Asian markets like Taiwan, South Korea, New Zeland, then Singapore and others, I wouldn't be surprised if next year Asia become the second regional market ahead of Europe (if Hong-Kong renew its tax exceptions for EV in April).

    ReplyDelete
    Replies
    1. Uau. 497 Teslas. In Hong-Kong. I agree with your point, Asia has immense growth potential for Tesla.

      Delete
  6. jose according to this site kandi/geely produced 644 units of the new k12 here is the link bro.im surprised that nothing is showing for this. thanks http://www.d1ev.com/47512.html

    ReplyDelete
    Replies
    1. True, but not enough to reach the Top 20.

      Delete
    2. jose thanks or the response. you put the k10 with zero sales and the k12 with with 644 and it doesn't make the 20 list? you sure bro? I see cars there that are a lot less and the got listed. something aint right.

      Delete
    3. The K12 has less than 1.000 registrations YTD, you need more than 4.000 to join the Top 20.

      Delete
    4. oh gotcha ok I understand now. thankyou for explaining man. have a merry Christmas bro!

      Delete