China Association of Automobile Manufacturers & Kewei: The average battery capacity of new energy vehicles in September was 45.9kWh, a year-on-year decrease of 3.3%.

The sub-association of China Automotive Engineering Society and Kory Consulting jointly released the 2024 September New Energy Vehicle Three Electric System Insight Report. In September 2024, the installed capacity of power batteries for new energy vehicles was 52.7GWh, an increase of 50.6% year-on-year. The power battery market saw a year-on-year growth of 39.7% from January to September, and the installed capacity from January to September 2024 has approached the total installed capacity for the whole year of 2023. In September 2024, the average energy capacity of new energy vehicles per vehicle was 45.9kWh, a 3.3% decrease year-on-year. Currently, plug-in hybrid models are also moving towards larger battery capacities and longer range, while the pure electric range will further improve. Trends in the Shanxi Guoxin Energy Corporation Automotive Market From January to October 2024, the vehicle production of Shanxi Guoxin Energy Corporation reached 9.9 million units, a year-on-year increase of 36.3%, with the cumulative penetration rate reaching 40.1%. From January to October, the penetration rate of new energy vehicles reached 40.1%. Benefiting from policy support, the domestic market achieved higher sales volume growth during the traditional peak season of September to October. Various promotional policies from enterprises are being rolled out to reach the sales target for 2024. Joint venture enterprises have adopted a "one-price" strategy to ensure effective price reductions, attracting more consumers to purchase vehicles. Structure of the Shanxi Guoxin Energy Corporation Automotive Market In September 2024, sedans accounted for 46.7%, an increase of 0.22 percentage points compared to the same period; SUVs and MPVs accounted for 45.3% and 3.1% respectively; while buses and trucks accounted for 2.5% and 2.4% respectively. In September 2024, the sales of various vehicle types continued to grow year-on-year, with the MPV market increasing by 70.1% in this period, while sedans and SUVs both saw growth close to 60%. Due to the vigorous development of new energy by domestic brands, sedans and SUVs continue to achieve high growth despite a large base. Joint venture brands have performed poorly in the new energy market due to a lack of determination in transitioning to new energy, dragging down the overall sales of the group, and some companies are forced to reduce costs through plant closures and layoffs. Power Battery - Market Matching Structure In terms of battery cell shapes, square cells accounted for 95.7% in January-September, cylindrical cells for 1.5%, and pouch cells for 2.8%. Regarding battery cell materials, due to safety considerations, lithium iron phosphate remains the primary choice, with a market share of 63.1% in the passenger vehicle market and nearly 100% in the commercial vehicle market. Ternary lithium batteries are mainly used in passenger vehicles due to their higher energy density, which allows for better performance. Power Battery - Battery Cell Enterprise Matching Situation The top three enterprises accounted for 74.6% of the market share in September 2024. Among the top ten battery enterprises, only Zhongchuang Innovation Aviation saw a decline in installed capacity year-on-year, while the rest achieved year-on-year growth. Contemporary Amperex Technology's market share reached 43.9%, with a year-on-year growth rate of 45.7%. The decline in CALB's installed capacity was mainly due to a decrease in the matching volume of major customers such as Changan and Xiaopeng Motors. RuiPu ranked tenth in this period, with a significant increase in matching volume with SAIC-GM Wuling. Drive Motor - Enterprise Matching Situation In September 2024, the top ten enterprises accounted for a combined share of 69.6%, with the top matching enterprise for each of the ten car companies exceeding 50%. Fudi Power, Tesla, Chery New Energy, Valeo, and Chongqing Changan Automobile each had a single enterprise matching rate of over 90%. Chery and Changan are currently actively supporting their motor matching enterprises, which can reduce costs through self-supply and achieve more efficient product compatibility. Huawei has risen to fifth place this period, mainly driven by the sales growth of Chongqing Sokon Industry Group Stock and Ideal Car. In September 2024, Fudi Power's top five models accounted for 52.14% of the market share. As 2024 nears its end, companies are pushing for sales growth to meet their annual targets. Currently, BYD Company Limited has exceeded its annual target thanks to the excellent performance of its models. Huawei's main models are the Wenzhi series and Ideal L7, with a market share of 17.72%. Joint automotive electronics mainly supply Ideal Car, with the L6/8/9 models accounting for 59.46% of the market share. PHC EasyCreation mainly supplies Great Wall, with the top five models accounting for 87.46%. Drive Motor Controller - Enterprise Matching Situation In September 2024, the top 10 control suppliers accounted for 75.4% of the market share. Fudi Power remains the top supplier in terms of cumulative matching volume. The top ten companies achieved positive year-on-year growth in matching volume, with Jiadi Electric seeing the highest increase. Chery New Energy supplies Chery all-electric vehicles. Fudi Power mainly supplies related products of BYD Company Limited. Fudi Power mainly supplies related products of BYD Company Limited, and all products are performing well in terms of sales, driving an increase in Fudi Power's matching volume. The top five models account for 52.3%. Huichuan United Power supplies Ideal L6/7/8/9 and Xiaomi SU7, all of which are well-performing models on the market. Zhuhai Enpower Electric mainly supplies mini cars, with Wuling Hongguang MINI and Chang'an Lumin accounting for 87.5% of the market share. NIO Drive introduced a new model, Lede L60, as the first car of the Lede sub-brand, benchmarking against Tesla's Model Y, with battery swapping remaining one of its main selling points. Current Status of Intelligent Chassis Development The development history of automotive chassis, development.The train of thought has shifted from non-standardization to platformization, and the development of platformization has existed for different periods of traditional fuel cars, electric cars, and smart cars. It has evolved from the mechanical chassis of traditional fuel cars to the electric chassis of new energy vehicles, and then to the development of intelligent chassis with hardware universality, software platforms, and standard interfaces.The power systems such as batteries, motors, and electronic controls are moving towards integration. The technology of wire control systems is gradually maturing, with progress accelerating. At the same time, the level of intelligent driving is increasing, and the electronic and electrical architecture is continuously being integrated. In the future, intelligent chassis technology will be the product of the era of electrification and intelligence in automobiles. Looking at the current growth curve of new energy, intelligent new energy and electric vehicles will be the main battlefield in the automotive industry in the future, with core competition focusing on intelligence. The development of electric vehicle products will penetrate from high-end, low-end to mainstream mid-range users around 100,000-200,000, gradually becoming more accessible, electrified, and intelligent. Representative enterprises of integrated platforms include companies such as Foxconn, Dongfeng, FAW Hongqi, and Contemporary Amperex Technology, which directly develop integrated chassis platforms. Some enterprises layout through technical iteration, such as BYD Company Limited, Great Wall, etc., and are expected to launch their first models between 2024-2025.