As the first half of 2020 wraps up, this webinar will give you an insider’s look at the pandemic’s impact on electrified mobility and the road to recovery to prevent a potential supply crunch on battery energy storage for mobility. Finally, you will learn about the outlook of key technology catalysts and winning strategies for sustainable propulsion.
This webinar forms part of a 2-webinar series dedicated to Electrification post-COVID:
COVID-19’s impact unveils the next phase for Mobility Battery Energy Storage
New Energy Vehicle sales in China, which includes BES, PHEV, and FCV, dropped by half in Q1’20 (-56.5% y-y, or 155,463 units) to 120,000 vs -45.2% for overall car sales in China, according to CAAM. This led the government to extend EV subsidies until 2023. New car sales in EU+EFTA+UK dropped by 26.3% in Q1 2020, losing 1 million units from the year before. Demand for gasoline and diesel dropped substantially in Q1 2020 due to the pandemic, but electrified cars gained higher share in Europe’s powertrain mix, according to ACEA.
In addition to the high impact on sales volumes, China’s major Li-ion manufacturing players, CATL and BYD, are faced with a high probability of production delays. China’s attempt to fight with the coronavirus outbreak has led to delayed production across a number of battery production facilities located in key coronavirus hit provinces. CATL forecasted a 20% to 30% year-on-year decline in net profit for the first quarter of 2020 as the COVID-19 epidemic hit the new energy vehicle market. The company is expanding partnerships with VDL and Quantron in Europe for commercial vehicle electrification.
Finally, the first quarter of 2020 saw a strong battery push by Europe in a bid to emerge as battery production and development hub so that dependence on Asian battery suppliers is reduced and demand of batteries is met.
In this webinar we covered
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