RhoMoFrank

China Research Lead@Rho Motion | Comprehensive and in-depth analysis of global EV and renewable energy market

[RhoMoFrank @RoMoFrank2]

Thoughts on Q1 China NEV market.
#PriceWar continues as expected
#Export remains strong.
#XiaomiSU7 launch was successful. Delivery started two days ago. (bit surprised tbf).

https://t.co/pnNROEa23z

[Rho Motion @rhomotion]

China opens first sodium ion battery swapping station

Electric two-wheeler producer, Yadea, announced recently it had opened the world’s first sodium-ion battery swapping station. Located in Shenzhen, in the Special Economic Zone the opening follows the company releasing its first sodium ion powered two-wheeler.

Read the article here with analysis from our analyst team: https://t.co/sevdKj8gzx

#YadeaElectric #SodiumIonBattery #RhoMotion

[RhoMoFrank @RoMoFrank2]

NIO just got the manufacturing license from MIIT, the key step closer to manufacturing all its NEV models independently. JAC listed NIO-related assets at a price of RMB4.5 billion (~USD0.6 billion) two month ago, which seems to be in preparation for this.

https://t.co/stensFVsRb

[RhoMoFrank @RoMoFrank2]

BYD delivered 400+ Yangwang U8, its luxury SUV priced at RMB1+ million (~USD140k) in November. U9 is on the way. AION has started the delivery of Hyper SSR, the premium sports EV priced at RMB1.28 million.

https://t.co/LABJNPxfer

[RhoMoFrank @RoMoFrank2]

Last week, Jinyang Group confirmed that the company will start supplying 46 cell component to BYD in small scale in H2 2023.

On 18th July, @BYDCompany send RFx to equipment suppliers for battery dryers for large cylindrical cells.

https://t.co/UUdlz7An0A

[RhoMoFrank @RoMoFrank2]

It's interesting to see cells getting bigger for obvious benefits. In 10 years time, are we gonna see ESS cells to be the same size as the current EV packs 😂. (Don't think so) What do you think is the optimal size for ESS battery cells?

https://t.co/jDabll9dRS

[Rho Motion @rhomotion]

Q4 Battery Energy Stationary Storage Quarterly Outlook
Highlights presentation available now

For the release of our Q4 BESS Quarterly outlook, @RhoMoIola and the wider BESS team have produced a highlights presentation with key insights and analysis.

In this report, we highlight 20 battery manufacturers that are producing, or close to producing, 310+Ah battery cells for stationary storage. We expect the BESS industry to begin transitioning to 310+Ah cells on a commercial scale in Q1 2024, replacing the current 280Ah cells.

Large format battery cells are an incremental step to reduce cost and enhance performance. Beyond this, the 5xxAh cell is much larger and is expected to be the mainstream format for the next-generation BESS products. EVE Energy is currently leading the field, with its 560Ah cell due to be delivered in Q2 2024.

To see more of the highlights such as this quarter's technology spotlight on flow batteries, and our outlook for the market over the next few years you can request access to the full presentation here: https://t.co/bxwkGq7sz7

#RhoMotion #EnergyTransition #BESS

[Iola Hughes @RhoMoIola]

EV sales in October reached 1.3 million, with China setting a new all time high. 📈📈

Lots of talk of slow down, but YTD EV sales show strong growth across all regions, and larger pack sizes and more BEVs mean battery demand growth is even stronger.

#EV
https://t.co/pE2SvGDKQV

[RhoMoFrank @RoMoFrank2]

Capchem's Poland plant received a 9-year off-take that worth around EUR1.1 billion from a "EV battery subsidiary of a German OEM".

My bet is VW's PowerCo cause it fits the profile. What do you think?

https://t.co/0H1qM7bXxY

[RhoMoFrank @RoMoFrank2]

Q4 is usually the peak season for China's auto market, and this year is no exception. Most OEMs have reported strong October sales.

@BYDCompany - 301,833 NEVs - including 30k exports. First time breaking the 300k sales mark and 30k exports mark.

https://t.co/OO8OB72QdQ

[Rho Motion @rhomotion]

“In the European Union, the main driver for EV adoption has been from the OEM side because they're effectively forced to sell these vehicles via the CO2 regulations that are in place. In the UK there have been some subsidies over the last couple of years but what’s really driven uptake is the structure of the tax system around buying vehicles for fleets and commercial units”

Rho Motion’s Managing Director, @PanayiAdam had the pleasure of speaking on @TimesRadio with @alexisconran on Saturday to discuss his thoughts on the government’s decision to move back the ban on the sale of new petrol and diesel cars by five years, as well as answering listener’s questions on the availability of fast-charging infrastructure, ethical sourcing of battery materials like cobalt and lithium and an overview of the global adoption of EVs.

#RhoMotion #EV #EnergyTransition

[RhoMoFrank @RoMoFrank2]

CATL is building up an off-shore wind farm to ensure the supply of green electricity to its headquarter and factory in Ningde, Fujian. The project will build 59 wind turbines with a total capacity of 802.4MW. The construction period is around 29 months.

https://t.co/xzcUObSaHc

[RhoMoFrank @RoMoFrank2]

Ronbay Material's Chungju plant is operational with CAM capacity of 20,000 tpa. Additional 40,000 tpa High-Nickel NCM capacity is under construction.

#Ronbay #CAM #Batterymaterials #Cathode #NCM

https://t.co/Sd1dZBIXLo

[RhoMoFrank @RoMoFrank2]

Samsung SDI confirmed again that the company aims to mass-produce LFP batteries in 2026 in its Q3 earning call. But isn't it a bit too late to the game?

[RhoMoFrank @RoMoFrank2]

Thoughts from EVE Q3 earning call,

1) Q1-Q3, EV battery wholesales 20GWh, ESS battery wholesales 18GWh.

2) EVE is trying to open up the market for its 46xx cylindrical products. Its giant 560Ah cell for ESS is expected to be launched end of 2024.

https://t.co/OVmsCR2MA0

[RhoMoFrank @RoMoFrank2]

Poweron says BMW Group awarded 160GWh battery supplying contracts. 90GWh EV batteries for Europe from SVOLT and 70GWh EV batteries for China from EVE and CATL.
https://t.co/zUsYT7Jp8N

[RhoMoFrank @RoMoFrank2]

Ministry of Commerce of P.R.China announced that high-grade graphite (details in the attached original announcement) export will require license and approval, starting from 1st December 2023.

Quick notes from me: https://t.co/C3OamLQOO5

[RhoMoFrank @RoMoFrank2]

In my latest article for the Q3 edition of the Rho Motion Magazine, I evaluate progress towards high-voltage EV platforms.

To read the full article you can request the magazine here: https://t.co/LXt29ZGXrI

#EV #EnergyTransition #EVmagazine #RhoMotion

[RhoMoFrank @RoMoFrank2]

@FrankWunderli13 List on MIIT list = get approval for the vehicle to manufacture/sell/register in China. Technically OEM can begin delivering any time as long as the cars are ready.

[RhoMoFrank @RoMoFrank2]

#JAC's e10X (a.k.a. Huaxianzi) debuted on the latest MIIT list. The BEV is powered by a Na-ion #battery pack from Hi-Na Battery, a Chinese Na-ion battery pioneer. The pack capacity is 25kWh and the range is 252km.

https://t.co/LhoOyB8i17

[RhoMoFrank @RoMoFrank2]

#Dongfeng Automobile's Qichen Qingzhou H2e has made to the MIIT list. The car has a 60kW FC system from Dongfeng and a #LFP battery pack from FinDreams - the battery subsidiary of #BYD.

https://t.co/uuKzMIb8Se