The Chinese EV lie. They actually run on bunker fuel oil…
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Even if they were in talks they probably can’t disclose anything at this stage as to avoid upsetting the butthurt in chief.
Agree, but not sure how they can be so ahead yet be far behind CATL in market share. Seem CATL must be doing something right that BYD isn’t then, since if we look at it logically BYD should have almost half of the worlds market share given their dominance/supremacy in technology an even price, yet CATL is far ahead. Even in Europe CATL already has a 2 operational huge factories in Germany and Hungary supplying European car brands and they are building a third even larger one in Spain which should be put in service this coming months , which will feed European car makers even more, so their dominance will only increase not decrease .maybe as the other member said it’s because BYD is also a car maker . So it will be harder for them to gain much market share outside their own brands
Funny enough BYD gets far better positive media coverage globally than in their home country it seems(I guess the saying that no prophet is welcome in their own hometown is true for the most part lol). Explains why thy are gaining so much market share abroad while their sales in China is decreasing sharply or stagnating. I guess they will be increasing their investments and focus more overseas this coming years , since there is more profit and have far more market share to be won abroad than in China anyway(their demand outstrips their supply outside China like Stella li said recently ). Will be interesting to see , I believe they might be the first Chinese car maker (along with Chery) who will get more of their revenue overseas than locally . Won’t be surprised if that happened in future actually (looking at how fast their sales are growing abroad and the PR their cars are getting overseas ).
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Guess the Iran war is a blessing in disguise for Chinas auto industry. The war and blockade should continue for a few more months and gas prices should increase even more in China. That way even those old Chinese folks who are still hung/drunk on gas cars would have no choice than to try EVs for the first time . And once you try an EV you never go back again . lol
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Remember that large part of China is either cold or cold and, well, large.
Densely populated regions are already quite electric. Screwing up charge in Inner Mongolia during blizzard may still be a death sentence.
Emergency SATCOM changes things somewhat, but response has to be able to reach you.
But yeah, price hike is visible.
dont think there was any disguise to the blessing. anyone can see that oil price shooting up = incentive to go electric