FAW: NEV Sales to Reach 1.45 Million Units in 2025 Selling 500,000 Hongqi brand NEVs and accelerating the launch of EVs through VW and Toyota JVs Summary Hongqi: Launching three major sub-brands and three major platforms; promoting electrification of all models Bestune: New product logo announced, sales target of 200,000 units in 2023 FAW Jiefang: Investing CNY 30 billion to shift to NEV models and enhance connected commercial vehicles Foreign-ca...

Market & Tech Reports  Updated at: 2023/09/13

cle Sales Up 2.2% to 26,864,000 units, Major Increases by BYD and Tesla, February 2023 (Feb. 2023)   This report is for MarkLines subscribers only. 12 pages remaining.Free membership registration allows you to read the rest of the article for a limited time.   According to an announcement by the National Bureau of Statistics of China on July 17, 2023, China's GDP in the first half of 2023 increased by 5.5% y/y to CNY 59.3034 trillion. Q1 (Janu...

Market & Tech Reports  Updated at: 2023/08/21

20 was 83.4GWh, 220GWh in 2021, up 163% year-over-year (y/y), and 546GWh in 2022, up 148% y/y.   The rate of battery production growth slowed significantly in the last two months of 2022, with a corresponding decline in battery production in December, especially after signs of falling lithium carbonate prices began to appear.   2. Percentage of lithium-ion batteries installed in vehicles continues to decline Monthly Vehicle oad (GWh) Vehicle...

Market & Tech Reports  Updated at: 2023/06/23

o., Ltd. and CATL announced on January 18, 2022 that they have agreed to a strategic partnership in the field of battery swapping in mobility. CATL also announced the battery swap version of its service brand EVOGO and the first car that the service will be compatible with; that is, the FAW Group's Bestune NAT multi-purpose vehicle. FAW Bestune will develop, test, produce, and manufacture the battery-swappable model, while CATL will provide the d...

Market & Tech Reports  Updated at: 2022/05/09

% Mid-term plan (2021-2025): Aiming for sales volume of 6.5 million units and NEV ratio of 20% Technology Development and Alliances: Focus on advanced technology areas such as electrification and intelligent connected Foreign joint ventures: NEV joint venture with Audi, NEV project with Toyota Internationalization: Focus on markets along the Belt and Road Initiative (BRI) FAW Group's domestic sales volume in China (ex-factory units) LMC Automotiv...

Market & Tech Reports  Updated at: 2022/03/28