Weekly Indices
Weekly News
BYD Han EV Ignites Unexpectedly in Collision with Polestar 2
BYD Han EV caught fire and burned after 48 hours of collision on July 24. On July 25, BYD extensively responded that “the replacement of conductive cooling fluid was made to the collision vehicle. The cooling fluid leaked within several days after the violent collision, resulting in a short circuit of wires and ignition.”
On July 26, DCD replied officially that “the program has no commercial cooperation with car companies. A complete video recording from car purchase to testing completion is retained for each program, and authoritative institutions provide technical support.”
Comment:
Firstly, we can see that BYD pointed the finger at the cooling fluid in the EV battery causing the fire. BYD claims that the purple cooling fluid is an insulating liquid that will not cause self-ignition, but many users found the cooling fluid in their Han EVs to be red. Moreover, many netizens and other platforms have shown photos of the red cooling fluid, rather than the purple cooling fluid claimed by BYD. It can be seen that the argument that the cooling fluid caused the self-ignition is not scientifically sound.
Secondly, we can see from the burning condition and the smoke in the video that the power battery caught fire. Although BYD’s blade battery has passed the puncture test, it is evident that the safety of the battery pack is a systemic engineering issue. Only passing the puncture test is not enough. More testing experiments may be needed to ensure the safety of the battery pack.
Revealed: Ideal New Car Plan, Pure Electric Platform + Standard L4 Hardware
On July 26, Ideal Automobile officially submitted the prospectus for listing on the Hong Kong stock market, revealing the following points:- A full-size SUV with the codename X01 will be launched based on the X platform in 2022, and the power system will still be an extended-range structure.
- Two more extended-range SUVs based on the X platform will be launched in 2023, and two high-voltage pure electric vehicle models based on the Whale and Shark platforms will also be launched. Starting in 2023, at least two pure electric vehicles will be launched every year.
- From 2022, all new IDEAL vehicle models will be equipped with L4 level automatic driving hardware as standard.
Quick comment:
IDEAL is cutting-edge by introducing new technologies directly in one step. It is really exciting that L4 hardware will be available next year. However, how will IDEAL use this L4 hardware to its advantage through its algorithms? Perhaps we still need to wait for the footsteps of IDEAL software engineers. The 2023 pure electric platform plan shows that IDEAL wants to compete head-on with Tesla and NIO in the pure electric market. IDEAL may be slowly advancing towards the pure electric direction while gradually abandoning fuel-extended vehicles. Also, the listing shows that IDEAL will release a pure electric MPV model in 2023, which is a market gap that is highly anticipated.
Faraday Future listed on NASDAQ in the United States, and Jia Yueting appeared at the press conference
On July 22nd, Faraday Future successfully rang the bell on NASDAQ through reverse acquisition, and Jia Yueting watched the bell-ringing ceremony from the audience. At the same time, the stock code was also changed from PSAC of the shell company to FFIE.
Faraday Future’s first mass-produced car, FF 91, solved a large part of the funding problem after listing, and Jia Yueting said that mass production will begin within 12 months. The first model to be released will be the top-spec Futurist version, with three motors and 1050 horsepower, which can accelerate to 60 miles per hour in 2.4 seconds. The 130 kWh full-immersion liquid-cooled battery pack can provide more than 700 km of NEDC standard cruising range and strong continuous charging and discharging performance.
Quick comment:Can Faraday Future realize Jia Yueting’s 7-year dream of making cars by successfully listing in the United States? After solving funding pressures, can the FF91 released in 2017 successfully go into mass production and delivery, with a price of over 2 million yuan for an ultra-luxury electric car targeting top luxury brands such as Rolls-Royce and Bentley, can it also have a place in the market? At the same time, what about Jia Yueting’s return to China? I’m afraid there are countless questions and obstacles ahead for Faraday Future and Jia Yueting.
Tesla Supercharger stations will be open to other brands at the end of this year.
On July 21, Tesla CEO Elon Musk mentioned on Twitter that “Tesla will open up the supercharging network to other electric cars later this year.”
This means that besides Tesla’s other brand electric cars, other brands of electric cars will also be able to enjoy the extensive and fast supercharger station network of Tesla at the end of this year or early next year. In the future, there will be countless electric car brands sharing the supercharger station network with Tesla.
Quick Comment:
Currently, the scale of Tesla’s Supercharger network is already very large, with over 25,000 Superchargers worldwide. Once it is open to the public, Tesla’s self-built Superchargers will also promote the entire industry as Model 3/Y did in the new energy vehicle market. At the same time, high-quality charging stations can not only eliminate many inferior stations, improve the overall quality and norms of the industry, but also further enhance Tesla’s influence in the industry by deploying a more extensive Supercharger network, forming a closed loop of buying cars, driving, and recharging.
NIO Day 2021 will be held in Suzhou soon.
On July 23, in the three-week voting for the bid for NIO Day 2021, Suzhou surpassed the other two candidate cities of Hefei and Xi’an with 14,602,937 votes, accounting for 51% of the total votes.
Quick Comment:
We saw NIO’s ET7, second-generation battery swapping station, and 150 kWh solid-state battery technology, as well as a series of performances and programs at NIO Day 2020 held in Chengdu in January this year. Every year’s NIO Day is a carnival for NIO owners and EV enthusiasts. We can look forward to what new things NIO will bring to NIO Day in Suzhou this year.### The Plan of EXTREME K has been released, three new optional configurations and order modifications are available, and customers can choose their own motors before the order is locked in
On July 20th, EXTREME K launched its order plan, including specific details about locking orders, optional configurations, and delivery. Customers who place their orders and lock in early will be able to enjoy the earliest delivery possible. In the event of any delays, EXTREME K will provide compensation.
Regarding the issue of motor options, which has caused concern among many customers, EXTREME K gives the power of choice to the customers, allowing them to choose motors from any manufacturer they like, and has also made it clear that there will be no capacity problems before March 2022.
Quick Review:
Since its inception, EXTREME K’s reputation has been very volatile. From the initial launch and positive reviews to recent controversies surrounding pricing changes and configurations that pushed EXTREME K to the forefront of public attention. Today, EXTREME K’s attitude towards consumers is still positive, at least giving a sense of security and assurance over customer rights. For EXTREME K, the main focus should be on how to deliver the cars to their customers on time and in high-quality, and how to ensure mass production and timely deliveries.
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.