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Battery Sales Trend and EV Market

2020-04-21 [08:48]
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Battery sales in the 1st quarter


This year, CATL and BYD, China's number one and number two battery makers, performed poorly in the first quarter due to Corona 19. EV sales decrease was crucial factor for the results. However, the 2nd quarter earnings prospect seems optimistic, surprisingly, as the electric vehicles subsidies, which were scheduled to close this year, have been extended for 2 years in China, and battery production has soared in March unlike the beginning of the year. The batteries produced by CATL and BYD account for over half of the Chinese market. The situation in the first quarter was worse for battery material suppliers, too. Tianqi Lithium Corp, the largest lithium company in China, announced the first quarter results 15 million yuan decrease compared to the same period last year. However, the second quarter may be improved because battery production in China has increased significantly in March. Even amid Corona-19, electric vehicles sales have not shrunk significantly than expected, said the industry related. (Source : CATL, BYD Performs not good in the first quarter)
CATL Building image source - Zhihu.com, IND4.net


AER and MPGe, for EV choice

Consumers consider All Electric Range(AER) and Miles-Per-Gallon equivalent (MPGe) to choose the best electric vehicle for him or herself. AER for EV models as follows.


AER ranking in 2019, Tesla Model S 451km ranked the first, and Hyundai Cona Electric 406km, the second. Kia Niro EV 385km, Chevrolet Bolt EV 383km, Tesla Model X 353km, JAGUAR‎ I-PACE 333km, Hyundai The New Ioniq Electric 271km, Nissan LEAF 231km.

Hyundai Ioniq Electric vehicles(2019 model) 136 MPGe ranked the first according to Environmental Protention Agency(EPA) announcement in 2019. Tesla Model 3 took the second and third place and Kona Electric took fourth place at 120 MPGe.

Energy efficiency MPGe is a measure of the average distance travelled per unit of energy consumed, which is used by the United States Environmental Protection Agency (EPA) to compare the energy consumption of alternative fuel vehicles, and EPA formula rates 33.7 kilowatt-hours of electricity is equivalent to one(USD) gallon of gasoline, that is to say, miles per 33.7kWh.(Source : Miles per gallon gasoline equivalent Wikipedia)

Hyundai and Kia's electric vehicles, which occupy more than 90% of Korean electric vehicle market, are equipped with a variety of convenience and safety devices that are comparable to existing cars (ICEV) and EV enhance the commercial values. In particular, Hyundai's recently released Kona Electric, Kia's Soul Booster and Niro EVs include cutting-edge technologies installed, lane keepiong assistance(LKA), driver affection warning (DAW), and highway driving assistance(HDA). It is equipped with advanced driver assistance systems(ADAS) and convenience equipment tailored to the each EV models. (Source : Which EV is good for me - Hyundai blog)

 

Convenience and Safety devices application

More and more convenience and safety devices such as Advanced driver assistance systems(ADAS) are installed not only in electric vehicles but also in internal conbustion engine vehicles. The devices requires higher power supplies and supercapacitor market is growing as supercapacitors play increasing roles in growing electronics market with energy saving, power backup.(Source: Supercapacitor applications)


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