[China Automobile Association: China's power battery production increased 173.7% in April compared with the same period last year] China Automotive Power Battery Industry Alliance released data on power battery production in April. In April this year, China's power battery production totaled 12.9 GWH, an increase of 173.7 percent over the same period last year and 14.6 percent month-on-month growth. Of these, the output of ternary batteries was 6.7GWh, an increase of 134.3 percent over the same period last year, and the output of lithium iron phosphate batteries was 6.2GWh, an increase of 235.4 percent over the same period last year.
[China Automobile Association: passenger car sales increased by 10.8% in April compared with the same period last year] in April 2021, passenger car sales decreased month-on-month, showing a slight increase over the same period last year. A total of 1.704 million vehicles were sold in the month, down 9.1% from the previous month and an increase of 10.8% over the same period last year. China sold 206000 new energy vehicles in April, an increase of 180.3 percent over the same period last year. From January to April, China sold 732000 new energy vehicles, a cumulative increase of 249.2 percent over the same period last year.
[China Automobile Association: the impact of chip supply issues on enterprise production may be highlighted in the second quarter] the China Automobile Association said that looking forward to the future, China's economy has the conditions and potential to maintain sustained, stable and healthy development. With the continuous incentives of government authorities for consumption-driven, the stable development of the automobile industry will still have a solid foundation, but there is still great uncertainty about the trend of the global epidemic and the international environment. The recovery among domestic industries is still uneven, while the impact of chip supply problems on enterprise production may focus on the second quarter, the obvious rise in raw material prices continues to increase enterprise cost pressure, and the foundation for enterprise efficiency recovery still needs to be further consolidated. Therefore, we continue to be cautiously optimistic about the future development of the automobile industry.
[SAIC will launch "Battery Bank" to release a uniform battery pack as early as the end of this year] according to news on May 12, Zhu Jun, deputy chief engineer of SAIC, said today that SAIC will soon launch a "battery bank" for the separation of cars and electricity. At the same time, a uniform battery pack will be launched at the end of this year or early next year, covering 11 models, which can support lithium iron phosphate, ternary lithium batteries, high-nickel batteries and even solid-state battery cells.
[Citic Securities: sales of new energy vehicles in April are in line with expected high-quality supply.] CITIC Securities Research report pointed out that domestic new energy vehicles sold 206000 units in April,-8.7% month-on-month, + 180% year-on-year, in line with market expectations. The continuous introduction of high-quality models to enhance the prosperity of the industry, the upward trend of the industry is clear. Overseas, the European market remains high under the stimulation of new carbon emissions regulations and subsidies, while the US market is expected to benefit from the Biden government support policy to return to high growth. We maintain the judgment of the boom year of 2021, and the global new energy vehicles have entered a stage of rapid growth. At the current time, we continue to suggest that we should seize the opportunities of high-quality targets in the global electrified supply chain, especially Tesla supply chain, Volkswagen MEB supply chain, Ningde era and LGC supply chain.
[EU plans to increase investment to solve the "core shortage" crisis] since the beginning of this year, the chip shortage has had a growing impact on the European automobile industry, and the "core shortage" crisis is spreading to areas such as consumer electronics. Industry insiders expect the chip shortage to last even into next year. To this end, the European Union plans to set up a "chip alliance" to invest a lot of money to achieve chip self-sufficiency.
