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2020 August, Chinese EV Battery Usage Surged by 37.4% Year on Year
  • Date  2020-10-06

 

Title: 2020 August, Chinese EV Battery Usage[1] Surged by 37.4% Year on Year

 

- Battery Usage Increase in July and August 2020 with EV Sales Increase

 

 

 

Chinese EV (BEV+PHEV+HEV) battery usage in August 2020 have increased to double digits year-on-year. It increased since July 2020, breaking the decrease from August 2019 to June 2020.

 

In August 2020, the total registered electric vehicle’s battery usage in China was 5.1 GWh, up 37.4 % year-on-year. It increased more than increase in July (3.0%). For reference, it began to decrease from August 2019. It decreased by 78.4 % year-on-year in February 2020, and it continued until June 2020.  

 

With the calming down of the Corona crisis in China, a significant recovery in market demand that had been shrinking has had a great influence on changes of market trend.

 

By type of electric vehicle, the battery usage for BEV, PHEV, and HEV jumped by more than double digits, showing an overall increase.

 

 

 


(source: 2020 Sep, Global EV and Battery Shipment Tracker, SNE Research)

 

 

 

Electric vehicles sold in China was 133 thousand units and grew at 37.5 % year-on-year.

 

It showed more than 30 % growth in July and August 2020 after it decreased from July 2019 to June 2020.

 

In addition, sales of BEV, PHEV, and HEV have all jumped to double digits. Especially increased sales of BEV and PHEV have expanded the overall battery usage.

 

 

 

(source: 2020 Sep, Global EV and Battery Shipment Tracker, SNE Research)

 

 

 

A number of companies led the market growth, with the TOP 3 companies in August, Shanghai GM Wooling, BYD and Tesla.

 

Shanghai GM Wuling maintained its No. 1 position thanks to a surge in sales of ‘Hongguang Mini EV’. BYD returned to second place thanks to strong sales of Qin EV, Han EV and Tang PHEV. Tesla continued to grow as sales of Model 3 jumped more than five times. In addition, Great Wall, leading ideal and FAW-VW also grew by more than three digits.

 

However, GAC Trumchi, NIO(Weilai) and CHERY showed relatively sluggish growth, and BAIC was pushed out of the TOP10.

 

EV sales during January ~ August, Tesla firmly maintained its No. 1 position and GAC Trumchi and (NIO)Weilai showed robust growth, and FAW-VW also clearly showed their growth. However, existing strong players such as BYD and BAIC still maintained reverse growth, bringing the overall BEV+PEV market down to negative territory.

 

 

 

<EV (BEV+PHEV) OEM TOP10 in China>

 


(source: 2020 Sep, Global EV and Battery Shipment Tracker, SNE Research)

 

 

 

Meanwhile, Chinese EV battery usage during January ~ August period of 2020 was 27.9 GWh, down 31.2% year-on-year, because sales of electric vehicles had fallen to double digits every month until June this year.

 

While local market demand started to recovery from August, monthly growth is expected to continue for the time.

 

South Korean companies need to check and reorganize their growth engine and continuously observe local market trend.

 


 


 

 

 

[1] Battery usage for Electric Vehicle registered in China