BYD could become the first Chinese automaker
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BYD could become the first Chinese automaker
- The Chinese group BYD has made a spectacular breakthrough in 2021 and 2022, in terms of sales and production, benefiting in particular from the strong growth in sales of battery electric vehicles (BEV) and plug-in hybrids (PHEV) on the Chinese market.
- BYD has not only become the world's leading carmaker of plug-in hybrid vehicles and the world's second largest carmaker of battery electric vehicles (behind Tesla), but has overtaken the second independent Chinese carmaker (Changan) and is getting closer and closer to the first Chinese carmaker (Geely). 2022 will end with BYD's production volume close to 1.5 million vehicles, compared to 1.2 million for Changan and 2.0 million for Geely.
- But if we take into account the current momentum of BYD, this carmaker could overtake Geely (which is stagnating at the global level) in 2023 or 2024, and thus become in volume the first domestic Chinese carmaker (not linked with a foreign carmaker).
- Geely is counting on the new electric Smart to boost its sales and remain the first carmaker not linked with a foreign carmaker.
The BYD range now includes 21 different models, the 5 most popular of which represent 63% of its total sales. Sedans represent 54% of its sales, SUVs 45% and MPVs 1%.
The BYD range now includes 21 different models, the 5 most popular of which represent 63% of its total sales. Sedans represent 54% of its sales, SUVs 45% and MPVs 1%.
- By segment, BYD mainly sells upper mid-range models, since 59% of its sales are made up of D-segment models, ahead of E-segment models (15%), C-segment models (13%) and B (13%).
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Mahindra wants to go electric
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Mahindra wants to go electric
- The Indian carmaker Mahindra has decided to launch the production of battery electric vehicles (BEV), like many Chinese, European and American carmakers. It is actively looking for investors who could help it launch a range of electric vehicles by 2023-2024. Mahindra thinks the Indian market (it sells practically only in India) is now ready for a transition to electric.
- Mahindra plans to launch five battery electric SUVs in different segments over the next few years which, according to him, should represent a third of its total sales in 2027. Remember that Mahindra does not offer sedans because it is traditionally specialized in the SUV category. A first electric model could be launched as early as January 2023. Mahindra will thus be the second Indian carmaker to market electric vehicles after Tata Motors, its rival which dominates the emerging electric car market in India.
- Yet in 2021, BEVs accounted for just 1% of the Indian market, or 30,000 units out of 3 million vehicles. But the Indian government wants to increase this percentage to 30% of the market in 2030 and offers carmakers significant aid to push them to design and produce electric vehicles locally. Mahindra has already approached Volkswagen to buy electric motors and batteries from it, and joint model projects are being considered.
- The American carmaker Fisker is starting to sell its Ocean electric SUV in India and plans to produce locally, while Tesla has decided to abandon its export plans to India due to high customs barriers.
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Launch of future Ford models in the NAFTA zone 2022-2026
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Launch of future Ford models in the NAFTA zone 2022-2026
- By 2026, the Ford group will launch several new models on the North American market. Other models will be redesigned or restyled. It is in 2025 that the carmaker will introduce the most new features.
- Ford: In 2022, the new F-150 Raptor R should make its appearance as well as the seventh generation of Mustang. In 2023, the Super Duty will be redesigned and the Escape will be modernized. Ranger and Mustang models will get new engines, and the Transit Trail is expected to hit the market. Later, the F-150 and the Explorer will be restyled. In 2024, plug-in hybrid versions (PHEV) of the Bronco will appear, also in Sport version. In 2025, a BEV version of the Explorer, a PHEV version of the Ranger and a still unknown BEV pickup should see the light of day. In 2026, only the designs of the Transit, E-Transit, Mustang Mach-E, F-150 and Explorer models will be changed.
- Lincoln: in 2023, the Corsair first, then the Aviator will be modernized. In 2024, the Navigator will be redesigned. The Aviator redesign will follow a year later, in 2025, when a BEV version of the model is also expected to see the light of day.
- In total, the Ford group will launch 8 new models, much less than its competitor GM which announced 25 models in the same period, and Ford is therefore less diversified in terms of vehicle types.
- The Ford group will therefore release 3 electric vehicles, 3 plug-in hybrid vehicles (PHEV) and 3 thermal vehicles by 2025.
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Launch of future GM models in the NAFTA zone 2022-2026
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Launch of future GM models in the NAFTA zone 2022-2026
- By 2026, the GM group will launch several new models on the North American market. Other models will be redesigned or benefit from restyling. It is in 2023 that the carmaker will introduce the most new features. The Chevrolet brand will be the source of most new models.
- Chevrolet & GMC: at the end of 2022, the new Corvette Z06 makes its appearance, the Silverado and Sierra models are restyled. During the first half of 2023, all-electric Silverado and Hummer models will appear. The Colorado and Canyon models will be restyled and the Trax will be redesigned. In the second half of the year, the all-electric models Sierra, Blazer, Equinox and a Corvette HEV will be launched on the market. The Traverse will be redesigned and the Trailblazer modernized. In 2024, Tahoe, Suburban and Yukon/Yukon XL models are updated, while Acadia, Equinox and Terrain are redesigned. In 2025, there will be an all-electric Corvette as a crossover and as a sports car. The thermal version will be restyled. In 2026, the electric Hummer will be modernized, while the Silverdo/Sierra HD and the Trailblazer will be redesigned. All-electric versions of the Colorado, Canyon, Tahoe and Yukon models will be launched. Light commercial vehicles with electric propulsion and fuel cells will also be launched on the market.
- Cadillac: in 2023, the CT4, CT5, XT4, XT5, XT6 models will be restyled, the Celestiq will appear. In 2024, the Escalade IQ (Arlington, Texas) as well as a large electric crossover and a compact electric crossover will appear. In 2025, the Escalade IQL will appear and the Lyriq will be restyled. In 2026, a compact electric sedan and a large electric sedan will be launched.
- BrightDrop & Cruise: In 2023, the self-driving Cruise Origin will appear first, followed by the BrightDrop Zevo 400, both of which are BEVs.
- Buick: Several models may be redesigned in the first half of 2023. In 2024, there are expected to be 2 new electric crossovers, a redesigned Enclave, as well as restylings for the Envision and the Encore GX. In 2026, another compact electric crossover is expected to be launched. The GM group will therefore launch 19 electric vehicles, 4 thermal vehicles and a non-rechargeable hybrid (HEV) by 2026.
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BYD announces expansion in Europe with three new models: Tang, Yuan (Atto3) and Han
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BYD announces expansion in Europe with three new models: Tang, Yuan (Atto3) and Han
- The Chinese manufacturer BYD, which specializes in the production and marketing of electric and rechargeable hybrid vehicles (it was initially a battery manufacturer) has gradually become the third independent Chinese manufacturer, behind Geely and Changan, with 986,884 vehicles produced on the first eight months of 2022, which augurs for a production volume of 1.5 million units for the whole year. BYD has also become the world's second largest manufacturer of 100% electric vehicles (BEV) in the world behind Tesla and the world's leading manufacturer of rechargeable hybrid vehicles (PHEV). Still practically absent from the European market in the field of light automotive vehicles (BYD currently only sells light vehicles in Norway, whereas it already sells buses in several European countries), BYD has decided to market its models in Europe from the fall of 2022, imitating a dozen Chinese manufacturers already present on this market, the most important of which is MG (subsidiary of the SAIC group). Three 100% electric models made in China are already scheduled:
1. The Tang, which is a large SUV 4.87 m long (E segment) which allows a range of 400 km according to the WLTP cycle thanks to an 86 kWh battery. This model has already sold more than 2,000 units in Norway over the past year.
2. The second model is the Yuan (renamed Atto 3 in Europe), a 4.46 m compact SUV (C segment) equipped with a 60 kWh battery allowing a range of 400 km according to the WLTP cycle, made possible by due to a lower weight than the Tang.
3. The third model is the 4.96 m long Han sedan (E segment) allowing a range of 500 km according to the WLTP cycle.
- In 2021, the Tang was produced at the Xian site (in Shanxi) at 55,375 units, the Yuan at 41,678 units and the Han at 87,784 units. These models represent only a small part of BYD's production in 2021 (25% of the brand's total volume).
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