Chinese manufacturer BYD doubles its production volume in the first half of 2023
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Chinese manufacturer BYD doubles its production volume in the first half of 2023
- Inovev calculated the production volume of the 25 largest car manufacturers in the world over the first six months of 2023, compared to the first six months of 2022. By exception, the figures for the Renault group and the Nissan group were combined in 2023 for a better comparison compared to 2022 when the Renault-Nissan group was still a reality.
- As before, were carried out:
• a "Western" classification which considers “brands in JV” as Western companies
• a "Chinese" classification which considers “brands in JV” as Chinese companies.
- In both rankings, the Toyota group supplants all its competitors. The Volkswagen group, second in the “Western” ranking, finds itself fourth in the “Chinese” ranking due to strong production in China, carried out by Chinese manufacturers SAIC and FAW. These, very marginal in the “Western” ranking, find themselves in 6th and 10th position respectively in the “Chinese” ranking. Hyundai-Kia and Stellantis are 2nd and 3rd in the “Chinese” ranking due to their low production in China. BYD attracts attention due to the doubling of its production volume in the first half of 2023 compared to the first half of 2022. As a result, this manufacturer takes 12th place in both rankings, ousting Mercedes and BMW in the "Chinese" ranking in due to their significant production in China. Note that in the “Chinese” ranking, Ford supplants GM because GM produces a lot in China (SAIC), unlike Ford.
The fall in production of the 3 large traditional Chinese manufacturers is confirmed
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The fall in production of the 3 large traditional Chinese manufacturers is confirmed
- The three large traditional Chinese manufacturers (SAIC, FAW, Dongfeng) which mainly produce for foreign manufacturers (Volkswagen, GM, Toyota, Honda, Nissan) have seen their production decline sharply since 2017-2018.
- The SAIC group which produces Volkswagen and GM went down from 6.8 million vehicles produced in 2017 to 4.5 million in 2023 (Inovev forecast), due to the continued fall in sales of Volkswagen and GM on the Chinese market. Its own brands Roewe, MG and Maxus only offset a very small part of this fall.
- The FAW group which produces Volkswagen and Toyota only experienced its first decline in 2023 (2.8 million vehicles produced compared to 3.6 million in 2022 according to Inovev forecasts) due to the fall in sales of Volkswagen has so far been partly offset by increased sales from Toyota.
- The third large traditional Chinese group, Dongfeng, has experienced a constant decline since 2017. From 3.7 million vehicles produced in 2016, its production volume fell to 2.7 million in 2020 and 1.9 million in 2023 (Inovev forecasts). Dongfeng is suffering from falling sales of Peugeot, Citroën, Renault, Nissan, Honda and Kia. In 2023, Dongfeng will fall behind Geely and be on par with Changan, which has nevertheless suffered from the fall in sales of the Ford it produces.
- The only extremely positive case is the manufacturer BYD which went from 417,000 vehicles produced in 2020 to 738,000 in 2021, 1,866,000 in 2022 and undoubtedly more than 2.5 million in 2023 (Inovev forecasts), thus following FAW.
Germany remains by far the leading European producer of BEV and PHEV in 2023
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Germany remains by far the leading European producer of BEV and PHEV in 2023
- The production volume in Europe (EU + UK) of 100% electric cars (BEV) reached 752,374 units in the first half of 2023 (10% of production) compared to 484,951 units in the first half of 2022 (7% of production) which represents an increase of 55% over one year, while in the first quarter the increase did not exceed 44%. European BEV production is accelerating.
- Germany increases its lead as leader in BEV production in Europe since this country produced 420,294 units on its soil in the first half of 2023, thus doubling its production volume compared to the same period of the previous year . This country today represents 56% of electric cars produced in Europe. France is the second largest BEV producer in 2023, far behind Germany. Douai factory has not yet reached its full capacity, as the R5 and Scenic E-Tech are not yet into production. Spain will have to wait until 2025 before the launch of the small Volkswagen ID1/ID2 and their derivatives (which should beto be widely distributed).
- The production volume in Europe (EU + UK) of plug-in hybrid cars (PHEV) reached 377,681 units in the first half of 2023 (5% of production) compared to 353,479 units in the first half of 2022 (5% of production). This represents an increase of 7% over one year, while in the first quarter was recorded a decrease of 10%.
- Germany remains the leader in PHEV production in Europe, although its production dropped down compared to last year. Spain is already second, doubling its PHEV production volume compared to last year.
- In 2023, in Europe, there will be twice as many BEVs as PHEVs.
Shineray replaces Brilliance in China
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Shineray replaces Brilliance in China
- The Chinese manufacturer Brilliance was created in 1992 in Shenyang (Liaoning province). It was initially one of the main Chinese manufacturers of minibuses between 1992 and 2002. In 2003, Brilliance signed an agreement with BMW for the JV production of BMW brand sedans in China. The cooperation between the two manufacturers is working well since the production volume of BMW in China has increased from 10,000 units in 2005 to 65,000 in 2010, 287,000 in 2015 and 602,000 in 2020. But the Brilliance brand, which sells its own models, has great difficulty establishing itself on the Chinese market, facing more dynamic and more reactive competitors. From 295,000 units in 2016, its sales fell down to 145,000 in 2020. Brilliance went bankrupt in 2020. BMW then came to the rescue to save Brilliance, thus saving the production of its own models. Of 50% of the shares in the JV, BMW now holds 75%, the remaining 25% being the property of the Chinese company Shineray which had been a partner of Brilliance for several years and which markets its cars in China under the SWM brand. It is this Shineray group which took over the former prerogatives of Brilliance, because today the Brilliance brand no longer exists as an automobile brand.
- It is the Shineray group which manufactures BMWs at the historic Brilliance site in Shenyang as well as SWMs at the historic Shineray site in Chongqing. To this must be added the production of Jinbei minivans, a brand which is a former subsidiary of Brilliance which had been a partner of Renault for a time. In the first half of 2023, the Shineray group produced 40,000 Jinbei, 17,000 SWM and above all 350,000 BMW. No Brilliance models have been produced since December 2022.
Germany remains by far the leading European MHEV producer in 2023
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Germany remains by far the leading European MHEV producer in 2023
- Inovev has calculated the production volume in Europe (EU + UK) of 48V micro-hybrid cars (MHEV). This volume reached 735,752 units in the first half of 2023 (10% of production) compared to 521,925 in the first half of 2022 (8% of production), which represents an increase of 41% over one year. This is a volume equivalent to that of BEVs produced in Europe.
- Here again, Germany is clearly ahead of other European countries, since it alone produces 40% of all MHEVs produced in Europe in the first half of 2023. This is the result of the strong presence of Premium brands in Germany . MHEVs are actually mainly models from Premium brands (Audi, BMW, Mercedes, Volvo, Jaguar, Land Rover) but mainstream brands are starting to invest in this market, such as Ford or Fiat. This is the reason why Italy (Fiat) and Romania (Ford) are second and third MHEV producers in Europe. France is not yet on this market. Inovev forecasts that 48V MHEV micro-hybridization will develop among all mainstream carmakers and grow at the same rate as BEVs.
- Concerning non-rechargeable full-hybrid cars(HEV-full), only five countries will produce them in Europe in 2023, and it is France (thanks to the Toyota Yaris and Yaris Cross) which remains the leader in terms of production ahead of Spain and the United Kingdom. The production volume in Europe (EU + UK) of non-rechargeable full-hybrid cars (HEV-full) cars reached 307,273 units in the first half of 2023 (4% of production) compared to 217,195 in the first half of 2022 (3% of production). ) which represents an increase of 41% over one year.
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