China Automobile Dealers Association: 2021 New Energy Commercial Vehicle Market Information Weekly No. 17

1. Data: New Energy Logistics Vehicle

• The market is running at a high level, with 11,900 vehicles sold this month, the best level in the same period in the past five years.

• Vehicle structure: Light passenger cars are growing while light trucks are shrinking, while light trucks have doubled compared to last year.

• Shanghai's overall growth rate is fast, reaching more than 16 times.
• Microvans: Cumulative sales in Guangzhou and Shenzhen from January to October exceeded 5,000 units, accounting for about 30% of the country; microvans in Shanghai and Quanzhou developed rapidly, with a growth rate of more than 5 times.
• Mini trucks: The key markets are Chengdu and Chongqing, which contributed 45.2% of sales; mini trucks developed rapidly in Chongqing, Kunming, Haikou and Zhangzhou.
• Light commercial vehicles: Cumulative sales in Shanghai reached 3,572 units, accounting for 17.6% and the growth rate exceeded that of other cities.
• Light trucks: The key markets are Shenzhen, Chengdu and Beijing, with cumulative sales exceeding 1,000 units. Chongqing and Kunming have seen rapid growth.

2. Industry Information

• BYD signed a contract with Dofluoro to purchase no less than 56,050 tons of lithium hexafluorophosphate before 2025.
• BYD's Wang Chuanfu: Electric vehicles' demand for semiconductors is 5-10 times greater than traditional vehicles.

• Lishen Battery's 24GWh battery project settled in Wuxi.
• AVIC Lithium Battery has once again raised its production capacity plan, with a target of 500GWh for the next five years.

• CATL's total amount of funds raised through private placement fell to 45 billion yuan, down 132%.
• CATL signed a contract with C&D Group to build a factory with an investment of 8 billion yuan to accelerate its layout in Xiamen.

• During the “Double 11” period, the national express delivery volume reached 6.8 billion pieces.
• Meituan launched the freight logistics business "Zhuolu" and focused on road freight.

• The country’s first hydrogen refueling station at a highway service area was put into operation.
• Hunan will build 400,000 charging stations.

3. Industry Customers

• SF Express: ① 20 billion yuan private placement completed ② SF Express subsidiary Fengxing Zhitu completed B round of financing

IV. Policy Overview

• Zhengzhou City’s notice on setting up a “low emission zone” (draft for comments): New energy logistics vehicles will have priority.

1. Automotive Company Dynamics

• Beiben Heavy-Duty Truck and G7 jointly held a signing ceremony for 370 new energy heavy-duty trucks in the "bulk-to-container" project.
• The strategic signing ceremony for 500 electric heavy-duty trucks between Hanma Technology and Ronghui Machinery and the delivery ceremony for the first batch of 100 trucks were held.

1. Technical Trends

• Xijing Technology releases a cross-scenario driverless commercial vehicle chassis.

• Saint-Gobain launches new cushioning foam Norseal® PF100 to help alleviate range anxiety of new energy vehicles.