The battery market is one of the most interesting industries in the global economy. As part of our new “What Changed … ?” series, it seemed appropriate to include a thorough update of what changes in the EV battery market on a monthly basis. Below is a rundown of what changed in November.
On the 20th of November, it was announced that China’s green new energy license plates would be rolled out across the nation in three stages. Previously, the green licence plates had been implemented in Shanghai, Nanjing, Wuxi, Jinan, and Shenzhen on the 1st of December of 2016.
Production has begun at the new NEVS plug-in electric vehicle manufacturing facility in Tianjin, China, according to recent reports.
On the 16th of November, on the eve of the 15th Guangzhou International Auto Show, Guangzhou Auto (GAC) held a pre-show introduction of its strategic vision of the future, along the lines of “Intelligence and Enjoyment,” and it presented the new electric iSPACE concept car.
As part of a broader push to curtail falling sales figures in China, Ford will be launching 15 new electrified models there by 2025, company execs have revealed. Altogether, though, it should be noted that Ford is planning to launch 50 new vehicles in China by 2025 — so the planned electrified models comprise less than a third of the new models.
NIO Capital, the investment fund established by the China-based electric vehicle manufacturer NIO, is now working with various prospective investors to create a $500 million fund to complement its first yuan fund, which it’s now in the process of completing, according to unnamed sources quoted by Reuters.
Bloomberg reports that Volkswagen has outlined its electric vehicle investments in China with an announcement of investment of $12 billion over the next 7 years with its Chinese joint venture partner JAC (Anhui Jianghuai Automobile).
The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in October. With 66,000 new passenger PEVs registered last month, that’s almost double the result of October ‘16, while pulling the YTD count to over 405,000 units, up 55% YoY.
The China-based electric vehicle battery manufacturer Contemporary Amperex Technology Co Ltd (CATL) is now planning a $2 billion IPO to be completed by the end of June 2018, with the funds to be used to accelerate the company’s expansion plans.
Daimler AG will be investing some 5 billion yuan (~$755 million) as part of its push to manufacture plug-in electric vehicles and associated battery packs in China with its joint-venture partner there (BAIC Motor Corp). That’s what a company exec has just revealed at the Guangzhou motor show.
