NIO launches ET9 at 788k RMB.
Another huge flagship sedan that looks great
Another huge flagship sedan that looks great
they should do the bare minimum needed to keep having market access. Whatever that happens to be.But how interested are Chinese EV companies in manufacturing in the UK?
Considering building a factory in the UK probably will cost billions, can Chinese car companies recover the cost in four years? After all, the new government may nationalize it or force a sale like TikTok and Chinese investments in Canadian companies.they should do the bare minimum needed to keep having market access. Whatever that happens to be.
The current labour gov't is attempting to have a more balanced relationship with China and they will be around for another 4 years. It's in China's interest to do whatever is needed to keep access to UK's auto and renewable energy market.
I didn’t say build a factory. I said do the bare minimum to keep market access going. Whatever that is.Considering building a factory in the UK probably will cost billions, can Chinese car companies recover the cost in four years? After all, the new government may nationalize it or force a sale like TikTok and Chinese investments in Canadian companies.
TOKYO, Dec 23 - Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers.
The tie-up would create the world's third-largest auto group by vehicle sales after Toyota opens new tab and Volkswagen.
It would also give the two companies scale and a chance to share resources in the face of intense competition from Tesla and more nimble Chinese rivals, such as BYD.
The merger of Honda, Japan's second-largest automaker, with Nissan, its No. 3, would be the biggest reshaping in the global auto industry since Fiat Chrysler Automobiles and PSA merged in 2021 to create Stellantis.
Smaller Mitsubishi Motors, in which Nissan is top shareholder, was also considering joining and would make a decision by the end of January, the companies said. The chief executives of all three held a joint press conference in Tokyo.
"The rise of Chinese automakers and new players has changed the car industry quite a lot," said Honda CEO Toshihiro Mibe, citing technological trends of electrification and autonomous driving. "We have to build up capabilities to fight with them by 2030, otherwise we'll be beaten."
Merge by 2026.... these companies really don't understand how fast things are moving do they.Previously rumoured, now official:
(Not about Chinese vehicles per se, but the relevance should be obvious.)
Given the existing connections between Nissan and Mitsubishi, including shared platforms between X-Trail/Outlander and Navara/Triton, it would seem a little odd for the latter to not be part of this merger. In my own country, which I acknowledge is not representative of global trends, Mitsubishi is the largest of these three brands (#5, 68k sales through November) ahead of Nissan (#9, 41k sales) and far ahead of Honda (#20, 13k sales). Honda used to be far more successful here than it is today, in line with Mitsubishi (the latter previously being more or less where it remains today), but Honda's fortunes in Australia declined at first gradually, then fairly precipitously after the local branch decided to pull all the affordable vehicles from the lineup (such as the Jazz) and switch to fixed pricing. 2024 has actually stabilised the descent for Honda in Australia, but with the base Civic priced in line with the base BYD Seal, they certainly aren't looking for growth. Indeed, there is a decent chance that they will be overtaken by Chery (#22, 10.7k sales) next year.