surprising considering the "price war" in China, it turns out EV manufacturers are just eating at the ICE cars' margins while still selling cars for a profit. Both Geely and BYD sell 10k dollar cars and still being profitable is amazing.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Wait, are those residential Buildings part of the complex? So workers are hired from other parts of the country and brought in to live next to the factory?
Is this a serious question? Pretty standard in China…
Ford had similar things too, 100 years ago
Not surprising. US regime is attempting a forced takeover of Tiktok Global, and coerced Panama gov into forcing Chinese investors to give up their stake in projects. Same shit is happening in Africa..mainly mining sectors.
New clause for oversea projects has to be made with foreign states for absolute safeguarding against the predatory acts of a regime in terminal decline.
China will have to make it such that..in future when Americans travel outside to visit the ex-US world...the experience will be akin of Yeltsin grocery shopping in US back in 1989.
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If that's true (I red that only Hesai is profitable) it means most of these other Chinese Lidar companies will also go burst then with time.. They can't keep running at a lose forever. I guess only 2 or 3 will remain. Afterall no point having so many companies doing the same thing.
You should look at the /r/LAZR (Luminar) reddit forum.
Those guys are hilariously high on Luminar and there is non-stop talk of superiority of tech over their Chinese rivals, Chinese are lying/cheating/stealing, and their LAZR stocks will make them wealthy beyond belief at any time now.
This is all for a company with 1% marketshare! Basically they have the same marketshare as Livox (subsidiary of DJI, which is is making money from other divisions... thanks Zelensky/Putin) but without that fallback.
Right now the market is still maturing. You see that Huawei is already at 6% marketshare for 2023 by that company's estimates, but they did not have any products until recently. Waymo is estimated at 2% marketshare, but they only make for their own cars which is not many. Seyond has almost 20% of the market, but their only OEM is NIO. Also consider that many of these companies are just side projects right now, Livox, Waymo (Google), Huawei, which means LIDAR is still expanding it's applications beyond traditional automotive/mapping/geomatics.
Of course at some point there will be consolidation, but the market/technology is not yet mature enough for that yet.
Tbf a lot of those subreddit for companies are propped up by gamblers ilks like those from wallstreetbets, it's not indicative of general sentiment. I doubt the average consumer will know much about lidars in cars and who makes them. Their knowledge probably stops at it's a laser.