New Energy Vehicles (NEVs) in China

[tphuang]

https://twitter.com/i/web/status/1631383141632843795

sales breakdown for BYD in February. Keep in mind that there are 3 fewer days in Feb than December. If we just look at production rate per day, it was about the same for December as February. Of course, February had about 10k undelivered cars.
Will be interesting so see how things look in March, but productions are really expected to go up in April when several new plants are opening.

 

[SteelBird]

This is where something like Qin+ or Song+ DM-i would do well. They need to put those on sale in countries without sufficient charging network.

But the fact is that they concentrate heavily on the e2 and Atto 3. Song and Tang almost vanish from their showroom.

 

[tphuang]

But the fact is that they concentrate heavily on the e2 and Atto 3. Song and Tang almost vanish from their showroom.

I think their international strategy is still in the very early stages. You can't expect them to overtake Toyota in a few months.

 

[4Runner]

Musk’s Tesla Master Plan Lacks Drive. And a Car.​

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This is what I have been talking about. Now the Wall Street is catching up. TLSA valuation has peeked.

 

[tphuang]

https://twitter.com/i/web/status/1631481896537403394

some commentary on F brand. It's kind of a weird brand with no clearly stated purpose except to capture all the remaining luxury segments that BYD is not competing in. BYD really doesn't want to give competitors any breathing room.

 

[supercat]

Kenya will assemble 130 BYD electric buses.

https://twitter.com/i/web/status/1631271860129202182

Huge NEV bus orders:

Yutong delivered 800 buses -- 300 electric and 500 compressed natural gas ones -- to Uzbekistan yesterday, the Zhengzhou-based firm announced.

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FAW will make chips.

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Drive-by-wire is a big thing for China's NEV makers.

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Times has indeed changed. Now it's a Chinese company helping a German company to build a NEV testing center instead the other war around.

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[luminary]

Sorry if I wasn't clear. I don't think sodium ion battery has made any impact this far. The lithium price drop could be due to other reasons like less industrial demand and such.

Byd would feel the effects of lithium price drop immediately since it makes its own batteries. Other automakers will have to renegotiate with catl to benefit.

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for the lithium price drop:

• CATL is dumping lithium to drive out the competition and lock in customers. It’s the beginning of games to get around US EV credit rules. Forcing manufacturers to decide between credit eligible or cheap battery.
• Too much supply opening in the near future for companies not to try to undercut each other. CATL is just preempting the war because they already have contracts with large mining operations.

 

[Lethe]

BYD Sales in Australia since launch (all Atto 3s):

Sept+Oct+Nov 2022: 845
December 2022: 1268
January 2023: 267
February 2023: 770

Difficult to make sense of limited data given all the launch period issues. My interpretation is that by the end of 2022 BYD Australia had cleared the initial anticipatory demand and now in 2023 we are seeing ongoing demand. Dolphin and Seal are going to join Atto 3 in BYD Australia's lineup this year too, albeit unfortunately with different names.

For comparison the latest February figures are sufficient to place Atto 3 as the second-best selling EV behind Tesla Model 3 (2671 for the month) and ahead of MG ZS EV (387).

 

[sndef888]

Vinfast at CES23

 

[tphuang]

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China & saudis building a bus plant in Egypt.

This is after the same company exported a bunch of Saudi Arabia last year. I guess with China becoming electric, some of the ICE powered buses are sold elsewhere.

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