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August brought another plug-in electric car sales record for BYD – the fourth consecutive one, but the growth is no longer as high as in 2021 and 2022. According to the company’s report, in August, BYD passenger plug-in car sales amounted to 274,086 (including 11,515 Denza premium EVs), which is 57.5 percent more than a year ago (the lowest growth rate since late 2020). There is no doubt that BYD will continue to grow in 2023, but the scale is already so high that there is not much potential for doubling or tripling sales, like the company had done so in…
The redesigned 2023 Toyota Prius and Prius Prime plug-in hybrid have received the highest Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS). To qualify for the award, vehicles must earn top “Good” scores in the IIHS’ driver-side small overlap front, passenger-side small overall front, and original moderate overlap front crash tests. The IIHS recently updated the moderate overlap front test, but the updated version wasn’t required for the Top Safety Pick+ award for 2023. 2023 Toyota Prius Prime In addition, headlights rated “Acceptable” or “Good” must be standard on all trim levels (the headlights fitted to…
Avatr, the Chinese automotive joint venture between Changan, CATL, and Huawei that sounds like a misspelled Avatar but isn’t, revealed the second EV in its portfolio yesterday in Munich, Germany, marking the automaker’s entry into the European market. Dubbed the Avatr 12 (pronounced “one two”), the sleek four-door coupe looks like a sedan but actually has a hatchback at the rear and a so-called Halo Display on the hood, which is a black panel LED display that enables the vehicle to communicate with people outside the vehicle, the company claims. Measuring 197.6 inches (5,020 millimeters) long, 78.7 in (1,999 mm)…
Today, we get a close look in person at the Tesla Model 3 refresh – aka Model 3 Highland – in Munich for IAA. The update was officially launched in Europe and Asia last week. It is not yet available in North America as Tesla is right now only producing it out of Gigafactory Shanghai, and therefore, the new version of the Model 3 is only refreshed where Tesla sells vehicles produced out of China. We had a chance to see the new Model 3 in person for the first time this week in Munich for IAA. Tesla is not…
Xpeng saw insurance registrations of 3,100 units last week, down 6.06 percent from 3,300 units in the previous week. BYD saw registrations of 50,800 units last week, down 1.74 percent from the previous week. Most of China’s major electric vehicle (EV) makers saw a decline in insurance registrations last week, as deliveries at the start of the month are usually flat. For the week of August 28 to September 3, Li Auto (NASDAQ: LI) continued to top the list of China’s new car makers with sales of 7,400 units, the company said today on Weibo. As before, Li Auto didn’t…
Several years ago, the German government expressed its concerns about exporting German car-building jobs to China and the attendant political and economic upheaval that would entail. However, at that time, the German auto industry felt confident that it could continue to mainly produce and sell ICE (internal combustion engine) vehicles in Germany while at the same time exploring the possibilities of electric vehicles for the expected “niche” market. We had the award-winning BMW i3 (2013 Green Steering Wheel winner and 2014 World Car of the Year winner) and the budget Volkswagen e-Up. German carmakers invested in Chinese joint ventures and…
CATL’s share of the global EV battery market in Jan-July declined slightly from Jan-June, while BYD increased. Chinese power battery giant CATL saw its share of the global electric vehicle (EV) battery market slip slightly in January-July from January-June, while BYD (OTCMKTS: BYDDY) rose. Global EV battery consumption totaled 362.9 GWh in the January-July period, up 49.2 percent from 243.2 GWh in the same period last year, according to data released today by South Korean market researcher SNE Research. CATL installed 132.9 GWh of batteries from January to July, up 54.3 percent from 86.1 GWh in the same period last…
The estimated Tesla global electric car order backlog seems to be stabilizing above 50,000 units in the past few months, down from around 100,000 in the first quarter. We find this metric to be an interesting tool to better understand the relationship between supply and demand. According to Troy Teslike (@TroyTeslike / Twitter), an invaluable source for Tesla stats and forecasts, the estimated global order backlog as of August 16, 2023, was roughly 54,000 units. That’s the same number as on July 31. The estimated number varies between 49,000 and 60,000 since mid-June. The numbers are based on carefully tracked Tesla-related…
Despite recent financial ups and downs correlating with company news, XPeng Motors is looking to expand its global footprint of available EVs. According to words from the Chinese automaker’s president earlier today, XPeng will be beginning sales in three new markets around Europe, beginning next year. XPeng’s entry into Europe began in Norway with its P7 sedan, kicking off initial deliveries in the summer of 2021. Soon after, we caught word the automaker intended to send its G9 SUV overseas as well. By February 2022, XPeng had established retail agreements in new markets of the Netherlands, Sweden, and Denmark, with the intention of…
In August, 11,083 new passenger cars were registered in Norway, which is more than 10 percent less than a year ago. The year-to-date result remains in the red with 85,157 units sold (down 3.4 percent year-over-year). Plug-in electric car sales also noted a decrease in August, mostly because of plug-in hybrids, as all-electric car sales were flat. According to the Norwegian Road Federation (OFV), 9,974 new passenger plug-in cars were registered last month (down six percent year-over-year), which was 90.0 percent of the total volume (compared to 86 percent a year ago). This number includes 9,250 all-electric cars (three more…