Chinese Economics Thread

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
How is it possible that car sales increase by 14% which is quite a lot, but revenue remain the same? That will mean that car sales prices have declined even more than they were already ?
A few years ago the cost of batteries made up to 40% of the cost of an EV. Guess what, the cost of batteries have been coming down, a lot. Sodium batteries(from CATL)-equipped EVs which will go on sales in December which will continue the price reduction trend.
 
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manqiangrexue

Brigadier
Yeah without the real estate issue, China will be growing by 6% a year at least.
Real estate isn't an issue though. It's great that the CCP doesn't chase numbers for the sake of numbers. "Houses are for living in, not speculating on," is a core tenant for overall societal health and happiness. It would be a capitalistic shame to throw this away and drain the common man to line the pockets of fat cats all for a superficial percentage in GDP.
 

zbb

Senior Member
Registered Member
Well it means the average selling price declined a lot but that's not necessarily due to prices of the same car declining but rather it could be that more mass market cars are being sold and less top end cars are being sold. In reality it's probably a combination of both some price declines due to fierce competition but also more volume in sales in mass market models that were priced lower to begin with.
Another major contributor to lower average selling price is luxury Chinese EVs displacing much more expensive luxury German ICE vehicles.
 
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