China market Q3 2021 (2): VW to produce batteries in Hefei & Changsha
Xiaomi establishes car company, government focuses on security for connected cars
|Rendering of VW battery system assembly plant (Source: VW)|
In terms of trends in the third quarter (Q3) of 2021, emerging EV manufacturers focused on developing product technologies and expanding production capacity. NIO Inc. (NIO) announced plans to deploy ternary iron lithium battery packs and battery exchange stations. Xiaopeng Motors (XPeng) and Li Auto were listed on the Hong Kong Stock Exchange and announced their plans for the future. Smartphone giant Xiaomi Corporation (Xiaomi) established a car company in September 2021. Jidu Automobile Co., Ltd. (Jidu Auto), a joint venture between Baidu Online Network Technology (Beijing) Co., Ltd. (Baidu) and Zhejiang Geely Holding Group Co., Ltd. (Geely), has agreed to strategic partnerships with emerging and major component suppliers in areas such as connected cars.
Non-Chinese finished vehicle manufacturers are accelerating their electric vehicle business in China by producing batteries and forming alliances. Volkswagen (VW) will build the first fully-funded battery system assembly plant in China in Anhui Province, and will also build a new battery plant at its existing Changsha Plant. In addition, the company agreed to a strategic alliance with Gotion High-tech Co., Ltd. on battery cells. Stellantis has agreed to a battery supply partnership with SVOLT Energy Technology Co., Ltd. (SVOLT), a battery supplier funded by Great Wall Motor, and the Opel brand will re-enter the Chinese market as an EV brand. General Motors Company (GM) officially launched its electric vehicle platform, Ultium, in China. Honda Motor Co., Ltd. (Honda) plans to launch 10 EV models in the Chinese market over the next five years.
This report introduces the major trends of emerging EV makers and non-Chinese finished vehicle makers in China in Q3 of 2021, and also reports the main policies of the Chinese auto industry announced during the same period.
China Market Q3 2021 (1): FAW, Dongfeng, Geely and Others Announce Five-Year Plans (Nov. 2021)
2021 H1 China market: New vehicle sales up to 12.88 million units, NEVs reach 1.21 million units (Aug. 2021)
Chinese market Q2 2021 (2): NIO's EV industrial park, XPeng and Hozon's manufacturing sites and more (Aug. 2021)
Chinese market Q2 2021 (1) : Activities of China's state- and privately-owned OEMs (Jul. 2021)
Chinese market Q1 2021: NEV sales exceed 500,000 units, Chinese OEMs accelerate CASE (May 2021)