As expected, the price of EV battery cells continues to fall in China. Let’s take a look to the average price of EV (Electric Vehicle) and ESS (Energy Storage System) battery cells in China. EV battery cells (July 2024) LFP (prismatic): 52 euros per kWh NCM 523 (prismatic): 61 euros per kWh NCM 523 (pouch): 64 euros per kWh ESS battery cells (July 2024) LFP (prismatic): 49 euros per kWh The EV battery cells are optimized for energy and power density, while ESS are mostly about cost, that’s why they are a bit cheaper.

The energy comes from a 79 kWh lithium-ion battery (net), which absorbs up to 185 kW of power at DC quick-charging stations thanks to innovative charging and thermal management with battery pre-conditioning. The battery can be charged from 10 to 80 per cent again in about 26 minutes. The ID.3 GTX Performance’s WLTP range is up to 601 km.

July’s auto sales saw plugin EVs take 20.8% share in France, a drop from 23.3% year-on-year. BEV share was roughly flat YoY, while PHEV share fell. Overall auto volume was 126,037 units, down by some 2% YoY. The Renault Megane took the lead in the BEV rankings. July’s market tally saw combined plugin EVs take 20.8% share in France, comprising 13.5% full battery-electrics (BEVs), and 7.3% plugin hybrids (PHEVs). These compare with YoY figures of 23.3% combined, with 13.1% BEV, and 10.3% PHEV.

Technically-advanced compared to its competition in its EV class worldwide, the E5 is packed with self-developed features, like intelligent electric drive, short blade battery, CTB technology, and more. With a body dimension of 4615 × 1901 × 1670 mm and a wheelbase of 2750 mm, the E5 outperforms its counterparts with better driving and riding experience.

July saw plugin EVs take 94.3% share in Norway, up from 89.9% year on year. BEVs alone took almost 92% of the market, close to a record, and PHEVs contributed 2.4%. Overall auto volume was 6,456 units, down 14% YoY. The Volkswagen ID.4 was the month’s best seller. July’s market results saw combined EVs take 94.3% share in Norway, a new record high, comprising 91.9% full electrics (BEVs), and 2.4% plugin hybrids (PHEVs). These compare with YoY figures of 89.9% combined, 81.7% BEV and 8.1% PHEV.

July’s auto sales saw plugin EVs at 59.6% share in Sweden, almost flat YoY from 59.9%. BEV volumes were down YoY by 15%, while PHEVs grew by 9%. Overall auto volume was 16,337 units, down 6% YoY. The Tesla Model Y remained the best selling BEV. The July market data showed combined plugin EVs at 59.6% share in Sweden, with full electric BEVs at 33.8% and plugin hybrids (PHEVs) at 25.8%. These figures compare YoY against 59.9% combined, 37.5% BEV and 22.4% PHEV.

The commercial launch of the new PEUGEOT E-3008 is a true success with 50,000 orders recorded to date, within just two months of going on sale across Europe. 25% are for the 100% electric version.

The drive to launch LFP battery mass-production in 2026 is also going strong with the setup of a dedicated pilot line, with an aim to capture expanding demand in volume-segment and entry-level EV markets. As for 46-phi battery, the company secured a new customer for micro-mobility application, with mass-production planned to begin about a year earlier than scheduled, around early 2025.

The all-electric Zafira Electric is even better than before in terms of efficiency and range. It is available with either a 50 kWh or a 75 kWh battery. With the further developed 75 kWh battery on board, a range of up to 347 kilometres (WLTP1) is possible without stopping to charge – over 20 kilometres more than before.

Next year BYD will start to produce its electric cars also outside Asia - in Brazil and Hungary - and legacy carmakers aren’t ready for that. Except one. While tariffs on Chinese-made electric cars imposed by the European Union and the US will give traditional carmakers some time to prepare, they will not stop Chinese carmakers from gaining a substantial market share in the coming years. Carlos Tavares, the CEO of Stellantis, recently said that the company is now ready and welcomes the competition from the Chinese carmakers in the affordable electric car segment.

The Global New Version AION V integrates top-tier electric drive, control, and battery technologies, achieving an impressive 750 km range and an energy consumption rate of just 12.8 kWh/100 km. The model introduces AION’s pioneering 400V+3C fast-charging technology for widespread accessibility and speed - the 400V platform is compatible with 99% of charging infrastructures worldwide, and provides up to 370 km of range with a 15-minute charge.

The company signed off its first large-scale (39GWh) supply agreement for LFP batteries with Renault Group’s Ampere, a meaningful achievement in the LFP segment that is currently dominated by Chinese battery manufacturers. LG Energy Solution also reaffirmed its technological leadership through this agreement, as it became first in the world to apply cell-to-pack (CTP) technology to a pouch form factor.