Energy Weekly | BYD 5 models launched/ 2019 NEV subsidy almost halved

Here is Energy Weekly report. We are committed to bring together all the topics and new launching vehicles in the new energy area.

Last week, the 2019 new energy vehicle subsidy policy was officially released. Compared with the subsidies in 2018, the local subsidies were abolished, and the state subsidies were also significantly reduced. In terms of products, BYD launched five new energy vehicles at the spring conference. At the same time, from the price, the decline in subsidies does not seem to affect BYD's pricing strategy. Let's have a total look at it.

The latest

2019 New Energy Vehicle Subsidy Policy Release: Cancellation of Local Subsidies and Reduction of Total Subsidies

On March 26th, the subsidy policy of new energy vehicle in 2019 was announced. And here are all the changes comparing with the subsidy policy in 2018: First, the local subsidies will be abolished and the state subsidies will be reduced by 50% compared with 2018; Second, the energy density requirement of the battery pack is raised again, from the lowest 105Wh/kg in 2018 to the lowest 125Wh/kg; Third, the local subsidies will be used for charging/hydrogenation infrastructure. And the transition period will be from March 26 to June 25.

Editor: The adjustment of the new energy subsidy policy puts forward higher requirements on the technical specifications of the power battery, and can promote the improvement of the research and development capabilities of the automakers. However, some insiders expressed concern: after the announcement of this new policy, improving the energy density of the battery system must be the top priority for all automakers at this stage. Some car companies may choose to directly cut off the battery pack's temperature control system for battery pack weight reduction, and instead use full air cooling, and even further processing on the power battery housing material. This will be a follow-up consumer car to pay attention to.

JMC release new brand E-YIZHI. TEN NEW MODELS IN 3 YEARS.

On March 26th, the E-YIZHI brand of JMC EV was officially released. In addition, E-YIZHI also released its brand strategy, which will target 200,000 sales targets in the next five years. In terms of product layout, E-YIZHI will implement the "platform + modular" product strategy to build three major vehicle platforms A00, A0 and A, and launch more than 10 new vehicles in the next three years.

Editor: The release of the JMC E-YIZHI brand indicates that the JMC Group will begin to enter the new energy market. From its published plans, JMC will focus on the mini, small and compact car market, which currently has the largest proportion of new energy. And JMC will establish a platform product strategy, introduce external cooperation and so on. It can be said that the JMC E-YIZHI brand has already qualified to challenge the existing new energy vehicle brand, and the performance of the E-YIZHI EV3 market that is released with the brand is also worth looking forward to.

New Models

Volkswagen 3 pure electric vehicles debut, cruising range of 270 kilometers

On March 25th, three pure electric vehicles under the Volkswagen brand were officially released, namely FAW-Volkswagen e-Golf, FAW-Volkswagen e-Bora and SAIC-Volkswagen e-LAVIDA. These three models are based on the corresponding fuel models, mainly designed for the front face, with exclusive blue decorative strips, lower air intake grille and C-shaped LED daytime running lights high.

In terms of power, these three new cars are all equipped with high-performance APP290 motors and reducers independently developed by Volkswagen Group, with a transmission efficiency of up to 95%. The motor has a maximum power of 100 kW and a peak torque of 290 Nm. In terms of battery and cruising range, the new car uses a ternary lithium battery provided by CATL with an energy density of 121Wh/kg and a cruising range of 270 km. In the fast charge mode, the battery has a charging time of 0-80% for half an hour.

Editor: All three models that have been unveiled have adopted the design language of the corresponding fuel vehicle. At the same time, all three models are also based on the MQB platform, which indicates that the new car has been limited in battery arrangement. These three models only have a NEDC cruising range of only 270 kilometers, and the energy density of the power battery system is only 121Wh/kg, which does not meet the benchmark threshold for new energy vehicle subsidies in 2019. However, these three models are currently not on the market, and we do not rule out the possibility of switching to a high-energy-density battery.

BYD 5 new energy vehicles are on the market; YUAN EV535 is priced at 109,900 yuan with subsidy.

On March 28th, BYD held a spring new product launching conference in Beijing. In this conference, BYD Tang fuel six-seat version, Tang DM six-seat version, Tang EV, Qin Pro manual super version, Qin Pro DM super version, Song MAX DM, Yuan EV535, Qin Pro EV super version 7 models (pre-sale) and other models are available for sale or pre-sale. Among them, there are 5 new energy models, and the price ranges after subsidy are: YUAN EV535:109.9k-133.9k yuan, Tang EV: 259.9k-359.9k yuan, Tang DM six-seat version: 259.9k-279.9k yuan, Qin Pro DM super version is 136.9k-156.9k yuan, Song MAX DM 149.9k-196.9k yuan.

Editor: In addition to the large number of listed models, BYD's pricing can be said to be full of sincerity. BYD’s new energy vehicles still have high cost performance, and at the same time, they can almost reach the best cruising range of the same class. It can be said that it will bring pressure to the models that will be listed later.

JMC E-YIZHI EV3: 66.8k-83.8k yuan with subsidy

On March 26th, the EV3, the first model of the JMC E-YIZHI brand, was officially launched. A total of 5 models of low-power power versions are available in advance, and the price range after subsidies is 66.8k-83.8k yuan. The new car is positioned as a five-door, four-seat mini-pure electric vehicle. The exterior design is more refined and the internal configuration is more abundant.

In terms of power, the listed model is a low-power version, equipped with a permanent magnet synchronous motor and a battery pack with an electric capacity of 31 kWh. The low-power version has a power system with a maximum power of 35 kW, a peak torque of 150 Nm and a combined cruising range of 301 km. A more powerful high-power version will be introduced in the later stage. The power system has a maximum power of 50 kW, a peak torque of 180 Nm and a comprehensive cruising range of 251 km.

Editor: The JMC E-YIZHI EV3 is positioned as a mini pure electric vehicle. In the competing products of the same class, both the cruising range and the internal configuration are in a leading position. From the perspective of product, it is still very competitive. It can be said that the follow-up market performance is very worth looking forward to.

MG EZS: 109.8K-139.8K yuan

On March 30th, the pure electric SUV of the SAIC Group's MG brand, MG EZS, was officially launched. A total of 4 models were launched. The price range was 109.8K-139.8K yuan. The appearance and interior of the EZS EZS did not change much. According to the official introduction of SAIC, MG EZS is built according to European standards, and will be listed in the 10 countries of Europe, such as the United Kingdom and Germany.

In terms of power, the EZS drive motor has a maximum power of 110 kW, a peak torque of 350 Nm, a battery pack capacity of 44.5 kWh, an energy density of 161Wh/kg, and a temperature control system with a total range of 335 km.

Editor: MG EZS is the first pure electric vehicle equipped with a battery pack temperature control system for SAIC passenger cars. At the same time, the energy density of the battery pack has reached 161Wh/kg, which is relatively excellent in the same class. Although the battery pack has a high energy density, it is limited in size and has a battery capacity of only 44.5 kWh. However, its 335-kilometer comprehensive cruising range is enough to meet daily needs.