Thursday, 2 June 2016

Lithium Race In China: BYD EVs Sales Toped 80,000, Closing On Tesla With 120,000 Sold.


BYD Qin


  As you remember, I am expecting China to become the largest market for electric cars as well this year. We are talking a lot about Tesla, but should not miss the real story happening in China now. BYD has sold 80,000 electric cars (calculating sales of just two of its EVs), closing on Tesla with 120,000 EVs sold. Now 28 companies in China produce 21 models of Electric Cars. To secure the lithium supply is the state-level plan in China as the country builds the strategic industry of the New Energy based on Electric Cars, Energy Storage, Wind and Solar Power.


InsideEVs: "Earlier this month, BYD also crossed the 10,000 electric buses produced mark.  So things are definitely in motion for the Chinese company when it comes to EVs
"Cumulated sales of other popular plug-ins are:
  • some 220,000 Nissan LEAFs
  • about 120,000 Tesla Model S
  • over 110,000 Chevrolet Volt (with Holden Volt, Opel/Vauxhall Ampera)
  • over 100,000 Mitsubishi Outlander PHEV
  • over 75,000 Toyota Prius PHV
Both the Renault ZOE and BMW i3 are approaching/or have just reached 50,000."

Lithium 2.0 Launch: Security Of Supply - Galaxy Resources To Buy General Mining In Lithium Takeover.





  "This chart of lithium price in China is keeping awake at night very many people now in our very small industry. Quite a lot of them have totally missed the launch of Lithium 2.0 and now security of supply is the major geopolitical issue. Tesla is still relying on Panasonic to supply lithium cells and a lot of people are relying on the "Lithium Found in Nevada" under Tesla's Gigafactory floor.
  Ganfeng Lithium: $4.5 billion giant from China is the strategic partner of International Lithium and now financing two of our J/V operations in Ireland and in Argentina. We are going where Lithium is and not just the hype around it. As we have discussed before, Lithium 2.0 is now for real as we have the real electric cars finally on the road and GM Bolt and Tesla Model 3 bring us mass market for electric cars.  Cheap lithium batteries change everything. Exponential growth in EVs sales is following by deployment of Energy Storage now.
  This Lithium M&A is pointing out another very important quality of Lithium 2.0 Launch: separation of dreams from the real people with the real projects, capital and technology to put them forward. There are only very limited number of quality lithium projects and even less capable teams with access to the capital and technology, like in the case of International Lithium and Ganfeng. Read more."








InsideEVs:

BYD Qin Sales Top 50,000, Tang Exceed 30,000

"At some point in April BYD reached a significant milestone – selling its 50,000th Qin plug-in hybrid (50,490 to be precise + a few hundred of a new all-electric version for the model itself).
As HybridCars.com aptly notes, it took just 29 months (or 2 years and 5 months) to cross the 50,000 mark – a pace on par with the Chevrolet Volt (with Holden Volt, Opel/Vauxhall Ampera).
“The Volt was launched Dec. 2010 in the U.S., sold its 50,000th in the U.S. 34 months later in Oct. 2013, and it’s estimated that globally its 50,000th came around the 29th or 30th month.”
The BYD Qin is equipped with a 13 kWh battery, good for up to 44 miles (about 70 km) according to Chinese manufacturer…of course, we’d just go ahead and pencil in something like 35 miles/56km of real world/EPA range (if it was indeed classed in the US).
A big selling feature of the Qin is the performance.  The plug-in BYD accelerates from 0 to 62 mph (100 km/h) in just 5.9 seconds. Fuel consumption stands at 1.6 liters per 100 kilometer.
The other milestone achieved by BYD in April was 30,000 Tang plug-in hybrid SUVs deliveries.
Even more impressively, the 30,741 Tang were sold in just 11 months, and the car is of course only available in China.  This makes the Tang the fastest selling model of any kind to the 30,000 level.
Earlier this month, BYD also crossed the 10,000 electric buses produced mark.  So things are definitely in motion for the Chinese company when it comes to EVs
Cumulated sales of other popular plug-ins are:
  • some 220,000 Nissan LEAFs
  • about 120,000 Tesla Model S
  • over 110,000 Chevrolet Volt (with Holden Volt, Opel/Vauxhall Ampera)
  • over 100,000 Mitsubishi Outlander PHEV
  • over 75,000 Toyota Prius PHV
Both the Renault ZOE and BMW i3 are approaching/or have just reached 50,000.
source: HybridCars.com"