Friday, 23 September 2016

Warren Buffett's BYD Dominates Lithium Race: EVs Sales Doubled Again In August - New Record Set Of 10,545 Sold.


InsideEVs 


  InsideEVs reports about China's New Energy plan in action. Warren Buffett's BYD leads lithium race with EVs sales  doubled again in August to the record of 10,545. With more than 63,500 EVs sold this year, BYD has already exceeded last year total sales of 59,000. 
  BYD has become the number one EVs manufacturer in the world in May of this year. Now we can put these numbers into perspective: we have just celebrated a month ago that GM has sold 100,000 Chevy Volts from 2009. Tesla is making headlines with its push to sell this year 80,000 - 90,000 of its electric cars.  Now you can understand why the real lithium race is happening in China and we can have 5,000,000 electric cars over there by 2025. 
  I expect that this year we be the bifurcation point and we will see 1,000,000 electric cars sold over the world - we have just over 1,000,000 EVs on all our roads in the world sold during all our history! It will ignite the mass market for electric cars with GM Bolt and Tesla Model 3 joining the race.  China will be the leader with its 25 companies already making 51 models of EVs and 200 companies working on the development of 4,000 new EVs.  China has sold 207,000 EVs by August of this year ahead of Europe with  91,300 EVs sold by July and the US with 93,197 EVs sold by September. Two Chinese companies have finished "The Old Lithium Big 3" and now Ganfeng Lithium and Tianqi are part of "The New Lithium Top 5." Below you can find the links to the information who is making all those lithium batteries and why now the security of lithium supply is the major part of this strategic New Energy plan.


Lithium Race: China Wants 3 Million Electric Cars On Road By 2025.





  "I guess that it is the case that whatever China wants they will get. In the case of electric cars with all the best central planning can get they will be there much faster. I am expecting that China will sell 500,000 only in this year. And we will see 1,000,000 electric cars sold worldwide in 2016. They have sold already 207,000 by August in 2016! Bloomberg is even more optimistic on the chat above. I will throw my own number - China will have at least 5 million electric cars by 2025. Why - just stay with me for a while. These twenty minutes can change your next 20 years of life. If Tony Seba is correct: all new cars sold by 2025 will be electric.
  There is a state-level military plan in action in China to leapfrog ICE-age technology directly into the post carbon world with its New Energy Plan. It is a part of strategic planning on the state-level within Five Year Plans. New Energy is based on Solar, Wind and Electric Cars. Military style planning includes the whole commodity chain starting with Lithium Raw Materials - Ganfeng Lithium and Tianqi are investing all over the globe to secure lithium supply. Lithium Chemicals including for lithium batteries production - China is number 1 in the world already including Ganfeng Lithium and Tianqi making it into "The New Lithium Top 5." Lithium Batteries - Now Warren Buffett's BYD is chasing Panasonic and new coming Megafactories in China from CATL, BYD, Foxconn, Boston Power, A123, LG Chem and  Panasonic will make China the center of Lithium Universe for many years ahead. Electric Cars - there are 25 companies which are making 51 models of EVs already in China and 200 companies are developing 4,000 new EV models.  
  This is what I call a serious exercise of a structural shift in the economy, driving internal consumption by building a 21st-century manufacturing base in Solar, Wind and Electric Cars and growing its middle class who will produce and consume all those beautiful cars. Now they will be able to breathe a fresh air as well. Welcome to Henry Ford idea with the state level implementation of new lithium technology and 1.4 billion people who would like to be happy and only starting to consume a fraction of the goods compare to the West.   
  I am preaching for the same approach here in the West for years. My dog is listening to me every time, but even him got bored already. Nothing is perfect anywhere, but you better check it out and learn fast: while we are still fighting DieselGate after one year from its mass media discovery, Red Dragon is flying fast and high picking up the best lithium projects, technology and brains to feed its new appetite for growth. Links below will provide you with my ideas where this growth will lead us  and what will be the diet for this hungry creature. For those who is a long time here - we are coming back to our main investment thesis. It is very difficult to handle dragons: they are naughty, moody and can fry you just by trying to kiss. It is a better business to run a grocery store and feed them well. This New Energy domination plan will require a lot of Lithium and Copper and this is where my research is leading me to as well now. Read more."


Lithium Race: We Can Get 1,000,000 Electric Cars Sold Worldwide In 2016.


  
EVObsession


  "EV Obsession reports that now we have 500,000 electric cars in Europe. As you remember, I expect China to sell only this year 500,000 EVs with 207,000 already sold by August. Europe has 91,300 EVs sold by July and is taking the second place after China and before the U.S. with 93,197 EVs sold by September, which is now falling into the 3rd place. Europe will reach its 100,000 EVs sold faster than the U.S. this year. What is really interesting to note is that Renault Zoe is leading sales in Europe now with 14.2% market share. It is a nice car, but not the best electric cars can offer. Tesla Model S is at 8.7% of EU sales. It is the best electric car, but not affordable for the mass market by ant stretch of the imagination. 
  Now you can better realise why I am calling that the tide is coming after the release of GM Bolt and Tesla Model 3 following after that. For the first time, we will have two electric cars with more than 200 miles range and below $40k. Another very interesting point in this article that 250,000 EVs are estimated to be sold this year only in Europe! We are reaching the pivotal point on our way towards the mass market for electric cars and the total electrification of our transportation. We have now only over 1 million electric cars sold in all of our history. This year alone China can sell 500,000, now we can start talking that the U.S. will match Europe at least and we can have 1,000,000 electric cars sold just in 2016! China will see EVs sales accelerated after cleaning up its incentives scheme for the EVs makers earlier this year  and Tesla will be ramping up its production with GM selling Electric Chevy Bolts now as well.
  Markets will be up and down, companies will come and go, but we are witnessing the historic moment of coming out of ICE-age in our transportation. We are talking here about the disruption of $4 trillion transportation industry based on Lithium Technology. Now it is time to check out where all this lithium will be coming from. And the answer: "From Panasonic" - will be better than: "From the underneath of Tesla Gigafactory in Nevada", but still the same like if electricity is coming just from the socket in your wall.  Read more."


China Leads Lithium Race: Electric Cars Sales Doubled For July To 36,000 With 207,000 EVs Already Sold In 2016.


InsideEVs.


  "China leads the Lithium Race with 98% increase in EVs sales y/y in July! InsideEVs reports that New Energy Vehicles sales hit 36,000 in July bringing the total for 2016 to 207,000. Warren Buffett's BYD is in the lead. Year on year EVs sales in China in 2016 have more than doubled with 123% increase so far! Battery Electric Vehicles are taking 74% of total electric cars sales in China this year.
  Now we can run some back to back comparisons for China and the US. China is moving fast increasing the gap and confirming its status of the largest electric cars market in the world one more time. We have seen the largest increase in the US in sales of EVs in August up to 66% y/y with total 14,882 electric cars sold that month. In China, we had 98% rise and 36,000 EVs sold in July. Total EVs sales in the US up to September were 93,197 and in China, we have already 207,000 by August - leading the US by 122%!     
  What is really important that EVs sales in China are totally dominated by the Chinese automakers. Now we have 25 companies which are making 51 models of electric cars in China. And ... 200 companies are  developing 4,000 new models of electric cars! Not all of them will be Teslas, but we can see what state-level military planning can do. When in the West will we see our new "Manhattan Project" aim to destroy the corruption holding us all back for years with "Clean Diesel" and "Not So Dirty Petrol" cars? Nothing is perfect anywhere and China will take a lot of titles in this field as well, but I am talking about us - when will we start thinking longer than the next turn on the road or Q results? Elon Musk has taken us very far with his own money, holding the ground of the best Lithium Technology and Electric Cars alone against all China state-level planning military machine. Now we need millions of electric cars and very fast. Who will make it? When finally Apple electric car is coming if ever? Where are all those Titans of the E-Commerce, Technology and INTERNET who are swimming in cash - searches, RTs and likes are great, but do you really need them when you cannot breathe anymore? All questions are rhetorical, nothing will change before you start it. Stop buying cancer hazard polluting ICE-age garbage, join our call "Ban Diesel UK" and spread the message.
  For those who like to connect the dots and blessed with more than 30 seconds attention span, I will provide a few links showing what is really happening in the Energy rEVolution Universe now.  Read more."


InsideEVs.



InsideEVs:



Once again BYD continued its strong EV sales pace in China, and again doubles its year-over-year plug-in electric car results.
BYD Qin EV300 & e5 (left)
BYD Qin EV300 & e5 (left)
For August, the 10,545 electric vehicles sold by the company was another best ever result, and was also the third consecutive month BYD finished above the 10,000 mark.
With more than 63,500 sales so far this year, BYD has already exceeded the nearly 59,000 it sold in 2015.
With August’s result, BYD continues
Of note (because everyone has a keen interest in what Tesla is up to), the Model S was the best selling imported plug-in for China in August with 559 sold, bring the 2016 total to 3,711 cars, while the Model X finally arrived in some volume, selling 150 copies.
BYD August sales breakdown:
  • Qin – 3,106
  • Tang – 2,502
  • e5 – 1,961
  • e6 – 1,512
  • Qin EV300 – 1,464
BYD plug-in electric car sales in China – August 2016
BYD plug-in electric car sales in China – August 2016