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Weekly News
BYD Han November Sales Surpassed Ten Thousand Units
On December 3, BYD announced that its sales volume of new energy vehicles in November was 26,690 units, including 25,553 units of passenger vehicles, 18,220 units of pure electric vehicles, and 7,333 units of hybrid vehicles. The sales volume of the Han series (EV + DM) exceeded ten thousand units, reaching 10,105 units, and the sales volume of EV and DM separately has not been announced yet.
Comment：
With the climbing production capacity, BYD Han’s sales volume set a new record in November, reaching 10,105 units. Compared with the market performance that BYD Tang’s sales volume did not exceed ten thousand units before, the market performance of BYD Han is obviously with stronger momentum.
At present, the cumulative sales volume of the Han series is 28,467, and this data has not fully digested its order volume yet. However, it can also be seen that the conversion rate of Han orders is very remarkable, and it is expected that the sales volume of BYD Han will continue to increase next month.
Voyah Motors Announces the Release of Its First Mass-produced Car – Voyah FREE on December 18
On December 1, Voyah Motors announced that its first mass-produced car will be named Voyah FREE, positioned as a medium-to-large-sized smart electric SUV with a wheelbase of over 2.9 meters, and will be globally released in Shenzhen on December 18.
## Translation
The Voyah FREE model is equipped with front double wishbone, rear multi-link independent suspension and air suspension, and provides two power options: pure electric and range-extended electric. The range-extended electric vehicle model is equipped with a 1.5T four-cylinder engine and a generator with a rated power of 60 kW.
Quick Review:
The Voyah FREE model is a product of Dongfeng’s consideration for the future. According to official information, the Voyah FREE will provide two energy driving modes for different users to choose from: range-extended and pure electric. In terms of intelligence, Voyah FREE will also provide auxiliary driving, OTA upgrades and SOA software architecture. I am also looking forward to the arrival of the Voyah FREE on December 18.
Tesla’s official used cars are identified as accident cars, and the car owner applies for a one-to-three compensation and wins the first instance
According to the news released by Weibo user @特斯拉维权车主-韩潮, in the second-hand accident car dispute with Tesla, he won the first instance judgment.
The model number of the official certified used car purchased by the car owner on the Tesla official website is Model S P85. When purchasing it, the salesperson stated that there was no major accident, water bubble, fire, or structural damage in the Tesla certified car.
After the vehicle malfunctioned, the car owner had the vehicle inspected by a local authoritative inspection agency in Tianjin, and the result showed that the C-pillar and rear fender were cut and welded, which belonged to structural repairs. After making the request, Tesla refused to unconditionally replace the car with a safe one, and the car owner filed a lawsuit as a result.
Quick Review:
In the judgment document disclosed by the car owner, it can be seen that Tesla only informed him that “there is no structural damage to the vehicle” at the time of purchase, which is not enough to meet the required level of information disclosure, thus meeting the objective elements of fraud.
Tesla later responded that because of the differences in design, the cut and welding of Model S did not belong to structural repairs and will file an appeal. We will continue to follow the progress of the event.
Tesla’s stock price hits a new high, Elon Musk sends an employee letter to emphasize cost control
With the announcement that Tesla will join the S&P 500 Index in December, its stock price has repeatedly hit new highs, and Tesla’s [NASDAQ: TSLA] market value has exceeded 554 billion US dollars.
According to CNBC, Musk sent an email to Tesla employees on Tuesday, emphasizing the importance of controlling costs.
In the letter, he wrote: “Careful observation of our actual profits will reveal that our profit level has been very low over the past year, at only about 1%. Currently, investors have confidence in our future profitability, but if we fail to meet their expectations, our stock price will be in danger!”
Quick comment:
Although Tesla has become the world’s most valuable automaker, to maintain competitiveness, Tesla will still invest heavily in research and development. Therefore, reducing production and manufacturing costs, optimizing the number of components, and improving production efficiency to maintain market competitiveness is still Musk’s top concern.
Volvo plans to only offer electric models from 2030
According to foreign media reports, Hakan Samuelsson, CEO of Volvo, said at the Future Car Summit of the Financial Times in the United Kingdom that from 2030, all products under the Volvo brand will be electric models. He further suggested that fuel-powered cars should be banned and fully electrified.
Prior to this, Volvo had announced the electrification process of its products and stated that every car developed by Volvo since 2019 will be equipped with an electric drive system. According to its expectations, its products will reach 50% electrification by 2025, including hybrid and pure electric vehicles. Volvo also plans to deliver 1 million electric vehicles for use on the road by then.
Quick comment:
As Hakan Samuelsson emphasized in the conference, no one can build a successful and profitable business model based on incentives. “Although temporary incentives can encourage industry development, it would be better for the government to establish a clear time frame to promote electrification.”
In today’s fast-paced development of electrification, the era of change puts great pressure on traditional car companies. In such a backdrop, who can transform faster and more successfully will determine who is more qualified to enter the next round of “intelligent” competition.
Beijing’s new policy for regulating the number of small passenger cars will be implemented next month.On December 7, the Beijing Municipal Commission of Transport issued the revised “Interim Measures for the Administration of the Number of Small Passenger Cars in Beijing” and its implementation rules, which will be implemented from January 1, next year.
Two points in the new policy are worth noting. Firstly, Beijing will allocate quotas based on “car-free households” as a unit, giving priority to “car-free households”. This means that car-free households will have a higher chance of success in the lottery and can also obtain new energy vehicle license plates in advance. The new energy household quota will have a transition period of three years, increasing from 60% in 2021 to 80% in 2023 and beyond, gradually tilting towards “car-free households”.
In addition, Beijing will also promote the orderly withdrawal of the second and subsequent small passenger cars owned by individuals, with only one quota retained per person. The quota application time will be more concentrated, increasing the number of quota allocation batches, and canceling the deadline for applying for updated quotas.
Quick Comment:
From these two policies, it can be seen that the Beijing government will distribute the city’s motor vehicles as evenly as possible to each household from the perspectives of “existing stock quotas” and “newly issued quotas”.
In addition, more and more families in Beijing will have their first car as a pure electric vehicle, which will also be their only vehicle.
From this point of view, long battery life and large size will be in demand, but fortunately, there are more and more reliable pure electric vehicle options available by 2021.
XPeng Inc. (XPEV.N) plans to issue 40 million ADS.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.