As a production base for cars and semiconductors, and the largest city of EV sales in China, the impact on China EV market of Shanghai's lockdown is worsening supply constraints and dampening sales outlook for April, although demand is outstripping supply. just-auto.com/features/shang…

According to Researcher and Research LLC, the March sales of the US hit a record high of 72,955 units (with a YoY growth of 32.6%), indicating that demand in the US market remains strong, as shown in the figure. (1)

This news is highly credible that Tesla's Shanghai plant will resume production early next week. cnevpost.com/2022/04/17/ren…

According to Researcher and Research LLC, the global EV market grew to 2.004 million units in Q1 2022, with a YoY growth of 70.7%, as shown in figure. The proportions of BEV and PHEV were 72.8% and 27.2%, respectively, compared with 67.5% and 32.5% of same period last year. (1)

A growing number of start-up EV automakers are falling short of production targets. Combined with the supply chain issues, they are having trouble keeping up with the demand and, as a result, will be likely to miss the growth of the EV market...... techcrunch.com/2022/04/18/hyp…

Recently, CATL and LGES's investments reveal Indonesia's potential to help the supply chain security and realize global manufacturing plants diversification. By the way, its EV (four-wheeler passenger car) sales were around 1,000 units in 2021. reuters.com/breakingviews/…

China’s intentions in battery materials supply chains are different from other countries. As a battery gatekeeper, it is eager to control critical links of related supply chains. greencarcongress.com/2022/04/202204…

According to Researcher and Research LLC, China's EV market reached 1.131 million units in Q1 2022, with an annual growth rate of 145.0%. The top 20 sold 662,129 units in terms of best-selling models, with a market share of 58.5%, a slight decrease from 59.0% a year ago. (1)

Steve warned that we have entered a lithium shortage crisis. Although this heats up a global race for securing raw materials for batteries, EV automakers will need progressive steps to develop a long-term advantage, which seeks autonomy in the battery material supply chain.

After approaching 10% in August last year, the global EV penetration finally surpassed 10% in March this year. The global BEV penetration also reached 8%. Both hit new highs.

According to Researcher and Research LLC, a new high share of LFP battery in EV market (in terms of MWh) was 19.2% in March 2022, as shown in figure. We expect the share of EV using LFP battery continues to reach new highs this year. (1)

The solution that South Korean battery makers are against the surge of LFP batteries is to exclude cobalt and ramp up the proportion of manganese to lower the battery price, such as cobalt-free batteries or LGES’s NCMA batteries. businesskorea.co.kr/news/articleVi…

According to Researcher and Research LLC, the global EV market sold 540,952 units in April 2022, with a YoY growth of 29.0% and a MoM decline of 33.0%. The proportions of BEV and PHEV were 69.8% and 30.2%, respectively. (1)