New Energy Vehicles (NEVs) in China

visitant · Nov 1, 2024

Michael90 said:
But SAIC is state owned by the Chinese government, So dont understandhow that happened. Anyway, its an inefficient car company. Private innovative and dynamic Chinese auto companies will put them out of business soon.

Check the different tariff rates, I think it's more possible a social media PR by BYD, or maybe just whitewash action by their fans.

update: Just searched related news, seems both SAIC and Geely denied the rumour, BYD has no response yet.

xlitter · Nov 1, 2024

Michael90 said:
Agree completely. Seriously these Chinese state owned car companies have been relying on western JV to make easy money. They have brought no real advantage to the Chinese auto industry compared to private Chinese car companies. Its a good thing that their sales are collapsing. Hopefully in a couple years they will be wiped out and taken over by BYD,Chery , Geely and the likes. Government involvement in auto industry has been a rather abysmal one. They should exit the industry and let the private sector and market determine the leaders.

Chery is a state-owned enterprise, as is Changan. Russia's automobile industry has not achieved any development due to so-called privatization, and other countries other than Western countries have not developed any outstanding automobile companies due to privatization. So just saying privatization has no value.

tphuang · Nov 1, 2024

BYD sales hit 500k for the first time

https://twitter.com/i/web/status/1852305761453375531

Breakdown in its sales, everything went up

https://twitter.com/i/web/status/1852346532923588918

As I wrote here, bYD has many advantages, which often get ignored when you listen to these subsidy complaints. Their advantage is through vertical integration.

https://twitter.com/i/web/status/1852349716584870283

Other October sales figures

https://twitter.com/i/web/status/1852296363612016980

https://twitter.com/i/web/status/1852296366057193864