Huawei is launching new M9 and also starting to take pre-orders for M8
New Energy Vehicles (NEVs) in China
- Thread starter supercat
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Huawei is launching new M9 and also starting to take pre-orders for M8
Seal 06 GT is doing better and better. Beating BYD's expectations
Here's an interesting blast from the not-so-distant past.
CAAM is of course a trade body, and as late as April of 2024 they were forecasting 40% NEV penetration rate for 2024. It ended up closer to 48%. This year, the forecast is closer to 57%. Will China once again surprise to the upside?
Worth noting that the Chinese government was targeting a NEV penetration rate of 45% for 2027 a few years ago, which was considered aspirational. It will become harder to justify subsidies as the penetration rate outpaces forecasts. Also, as Glenn Luk has demonstrated, most of the big NEV automakers are profitable already. So it's not like the sector will collapse without subsidies.
Europe has removed most subsidies yet NEV sales are now growing strongly in 2025 after a brief hiatus in 2024. I personally think carbon taxes are a better tool rather than subsidies. Let the polluter pay.
CAAM is of course a trade body, and as late as April of 2024 they were forecasting 40% NEV penetration rate for 2024. It ended up closer to 48%. This year, the forecast is closer to 57%. Will China once again surprise to the upside?
Worth noting that the Chinese government was targeting a NEV penetration rate of 45% for 2027 a few years ago, which was considered aspirational. It will become harder to justify subsidies as the penetration rate outpaces forecasts. Also, as Glenn Luk has demonstrated, most of the big NEV automakers are profitable already. So it's not like the sector will collapse without subsidies.
Europe has removed most subsidies yet NEV sales are now growing strongly in 2025 after a brief hiatus in 2024. I personally think carbon taxes are a better tool rather than subsidies. Let the polluter pay.
Absolutely not. It should be the final consumers that pay the carbon tax.
BYD Qin L EV expects to be launched on March 12th. Many launch even this next couple of months
Volkswagen and Skoda will be using Ecarx Antora 1000 computing platform and software for its global models. Huge deal
A 200-kilowatt hydrogen-powered heavy-duty truck rolls off the production line in Tianjin, March 5, 2025. (All Photos: China News Service/Tong Yu)
China's first batch of 100 200-kilowatt hydrogen-powered heavy-duty trucks, with a maximum driving range exceeding 700 kilometers, rolled off production line on Wednesday.
I have observed this phenomenon of Chinese automobile manufacturer on Chinese social media，that they cannot tolerate any negative comments/feedback/review of their products.
This happens more and more frequent now. People post some complain about the car they bought on social media，the manufacturer got mad，they either demand the platform to take down the posts，or sue the person，sometimes even ask the police to arrest the person.
This phenomenon seems unique to China.
This happens more and more frequent now. People post some complain about the car they bought on social media，the manufacturer got mad，they either demand the platform to take down the posts，or sue the person，sometimes even ask the police to arrest the person.
This phenomenon seems unique to China.
Toyota launches Bz3X in China and claims to use 65% parts from Chinese suppliers including Lidar, ADAS supplier and Domain controller
Lethe
Captain
In local media here I have read talk of a Shark 6 with larger 2.0L engine and 3.5 tonne tow capacity. It's worth bearing in mind that those "February" Shark 6 numbers also include 450 sales made in January but not counted in that month. The real February count is 1576 Sharks making up 56% of BYD sales for the month. Shark 6 is an impressive vehicle that has made a strong start here, but I think it will be some months before we can get a picture of what ongoing demand looks like.
If you take out Shark, BYD sales in Australia actually declined in both January (down 48% YoY) and February (down 19% YoY). Obviously we don't know what the supply situation is like (EVDirect has suggested there were port issues in January), and also the overall market is down 5.4% after a record 2024. But while it is far too soon to panic, there also isn't much evidence of the 100% year-over-year target growth trajectory touted by local talking heads.
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