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Investor Presentation

Appendix Several trends are underpinning acceleration of EV adoption 1 New entrants represent an 2 EV charging infrastructure incentive for further EV charging infrastructure build-out is on the rise Estimated number of chargers¹ (mm) 42 4 NIO SONO MOTORS X PEN G TESLA 理想 康迪 KANDI LO 5 2 13 19 14 658 - 3 Ease of use Increasing EV charging points density across the globe underpinned by significant investment Europe targeting one charging station every 60km by 2030E Estimated capital investment through to 2030E ($bn) US China 15 European Union 11 Decreasing TCO and improving technology Decrease in EV powertrain cost driven by falling battery costs at higher power density Energy density and charge speed continue to improve Lithium-Ion Battery price trends and forecast (USD per kwh) 2020A 2025E 2030E China US ■European Union 5 Regulatory restrictions High pressure on OEMs from regulations to improve CO2/fuel efficiency 6 Technology strategy About 300 new BEVS models will be launched through to 2022E Maximum purchase incentives for EVs (€) Passenger car CO2 (g/km) regulations New battery vehicle models by car size, number (number) 36 23 230 68 103 17 19 917 (19.0%) 9,000 130 721 95 663 (8.2%) 588 3,000 6,750 ~81 2,250 ~59 381 293 219 180 6,000 156 137 101 4,500 58 54 102 125 12 523 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2023 2030 BEV PHEV Pre-COVID-19 incentives (2019) Increase due to COVID-19 economic stimulus packages (2020) 2015A 2020A 2025E 2030E A/B segment C segment D/E segment Others 1. Figures may not sum, because of rounding Source: Leading management consultancy firm, Statista, desktop research 44
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