Tesla will double its production capacity in Grünheide (Germany)
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Tesla will double its production capacity in Grünheide (Germany)
-Tesla wants to double the capacity of its production plant near Berlin from 500,000 to one million electric vehicles a year, which would make it the Europe largest car plant at a time when German carmakers are struggling to keep pace with the transition to battery electric vehicles.
-The Californian carmaker said it wanted to add capacity to build other models in the plant but did not specify which ones (probably the Model 3 and the future Model 2?). Tesla is also looking to double its battery cell production capacity, to 100 GWh per year, according to internal documents.
-These capacity increases by Tesla will be achieved through the expansion of its Grünheide factory in Germany. As revealed in a statement from the Brandenburg Ministry of the Environment, public participation in the approval process for the expansion will begin on July 19, 2023.
-In March 2023, Tesla submitted the first application for the expansion. We already knew that Tesla wanted to increase its production capacity at this factory from 500,000 units currently to one million electric cars per year in the future. This time, the announcement is official. As the German ministry announced, the expansion will also be accompanied by “an increase in battery production capacity from 50 GWh currently to 100 GWh per year in the medium term”.
Tesla leader of the French BEV market ahead of Peugeot and Renault
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Tesla leader of the French BEV market ahead of Peugeot and Renault
-France bought 223,031 battery electric vehicles (BEV) over the first 9 months of 2023, compared to 149,397 units over the first 9 months of 2022, which represents an increase of 49% over the period, but remains at a relatively low level of market share (BEV = 17% of the French market over the first 9 months of 2023).
-The best-selling model in this category is the Tesla Model Y. This model was sold at 27,458 units over the first 9 months of 2023, ahead of the Dacia Spring (21,217 units), Peugeot e-208 (21,062 units), Fiat 500e (17,785 units) and Renault Megane(12,818 units). These five models alone represent 45% of all BEV sales in France over the first 9 months of 2023. The French BEV market is more concentrated than in Germany and we note that small models are the well represented (apart from the Tesla Model Y) which differentiates this market from the German market.
-We notice that the Fiat 500e is in the middle of the five best BEV sales as in Germany. The new Citroën C3, priced close to that of the Dacia Spring, will try to be among the five best BEVs in France in 2024 or 2025. We also note the absence in the top 20 BEVs of models from German Premium brands (Audi , BMW, Mercedes) and only one Volkswagen (the ID3), undoubtedly due to excessively high prices.
-By brand, the French BEV market is dominated by Tesla (18% of the BEV market). Behind are the French brands Peugeot, Renault, Dacia. Citroën is eighth. The Chinese MG already occupies 8% of the French BEV market.
NIO will sell nearly 150,000 BEVs in the world in 2023
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NIO will sell nearly 150,000 BEVs in the world in 2023
- Among the many Chinese brands created these recent years, most have focused on the production of battery electric vehicles (BEV), such as Aion (GAC), Arcfox (BAIC), Avatr (Changan), BYD,
Geometry (Geely), IM Motors (SAIC), Maple (Geely), Neta (Hozon), NIO, ORA (Great Wall), Polestar (Geely), Rising (SAIC), Skywell (Skyworth), X-Peng or Zeekr (Geely).
The 14 brands mentioned above represent 22% of BEV sales in China over the first eight months of 2023 (785,703 units out of 3,606,680 BEV).
- Other recent Chinese brands have focused on both the production of battery electric (BEV) and plug-in hybrid (PHEV) vehiles, such as Denza (BYD), Leapmotor (Leapmotor), Li Auto (Li Auto), Lynk & Co (Geely), Seres (Seres), Voyah (Dongfeng) or WEY (Great Wall). The market share of these 7 recent brands, however, still remains very low (2% of the BEV market and 7% of the PHEV market).
- Among the recent Chinese BEV brands, Aion from the GAC group is making a spectacular breakthrough on the Chinese market in 2023 (300,000 sales over the first eight months of 2023), even if it remains very far from BYD (1,700,000 sales over the same period). NIO is currently three times smaller (100,000 sales over the same period) but announces a vast expansion plan in China and internationally. NIO hopes to sell 150,000 BEVs worldwide throughout 2023 and double this figure next year. With its current range of 7 different models which could expand further, NIO wants to compete with BYD on the Chinese market and internationally.
The Tesla Model Y leads the German BEV market over 9 months 2023
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The Tesla Model Y leads the German BEV market over 9 months 2023
-Germany bought 383,988 battery electric vehicles (BEV) over the first 9 months of 2023, compared to 270,130 units over the first 9 months of 2022, which represents an increase of 42% over the period, but remains at a relatively low market share (BEV = 18% of the German market over the first 9 months of 2023).
-The best-selling model in this category is the Tesla Model Y which almost doubles its sales year on year, helped by its local production near Berlin. This model sold at 38,608 units over the first 9 months of 2023, is well ahead of the VW ID3 (17,995 units), Fiat 500e (16,117 units), VW ID4 (14,677 units) and VW ID5 (14 676 units). However, these five models only represent 27% of all BEV sales in Germany over the first 9 months of 2023, which means that this market is extremely fragmented.
-We note that the Fiat 500e is included in the middle of the best sold models on German territory, which means that Volkswagen is currently missing a small electric model under the ID3 and ID4, this one being planned for 2025. This will be the ID2. We also note the absence in the top 20 BEVs of models from the French brands Renault, Peugeot and Citroën. Only the Dacia Spring represents the French automobile industry thanks to its low price which attracts a small segment of German customers.
-By brand, the German BEV market is dominated by Volkswagen (14% of the BEV market) and Tesla (13% of the BEV market) which are well ahead of Premium carmakers as Mercedes, BMW and Audi (between 6% and 7% each). The Chinese MG is making a spectacular entry in 2023, already occupying 3% of the German BEV market.
Chinese carmakers represent 72% of the Chinese BEV market in 2023
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Chinese carmakers represent 72% of the Chinese BEV market in 2023
- Over the cumulative first eight months of 2023, the Chinese passenger car market represented 15,640,859 units, compared to 14,647,334 units over the same period of 2022, meaning an of 6.8% of sales.
- Of this volume recorded over the period, the market share of Chinese carmakers excluding JVs (8,651,546 units) slightly exceeded 55%. It is to be noted that by including utility vehicles, this market share is even higher, as it reaches 62%.
- If we focus on the Chinese passenger car market only, the number of battery electric vehicles (BEV) reached 3,606,680 units over the first eight months of 2023, which represents 23% of the Chinese market, including 72% for the Chinese carmakers excluding J.V. (2,603,831 units). For the plug-in hybrid vehicles (PHEV) market, the volume reached 1,513,333 units, which represents 10% of the Chinese market including 95% of market share for Chinese carmakers excluding J.V. (1,443,578 units).
- If we add BEVs and PHEVs, 5,120,013 plug-in passenger cars were sold in China during the first eight months of 2023, representing 33% of the Chinese market, including a market share of 79% for the Chinese carmakers excluding JVs (4 047,409 units).
- The market share of BEVs, PHEVs, and the market share of Chinese carmakers, including within BEVs and PHEVs markets, are constantly increasing from month to month. Given that Tesla accounts for 17% of BEV sales in China in 2023, the share of Europeans, Japanese, Koreans and Americans others than Tesla only accounts for 11% in total, which is extremely low.