New Energy Vehicles (NEVs) in China

No one highlighted this yet? US DoD has blacklisted quite a few Chinese giants including CATL, CNOOC, Tencent and COSCO, classifying them as “Chinese Military Companies”. Although not as drastic as outright sanctions DoD claims that being in the list is a warning and will deter American companies from dealing with them. Given that CATL is a major battery supplier to Tesla and Ford probably still wants tech support for its proposed battery plant, it will be messy for all involved in the next few months.

Pendemic said:

No one highlighted this yet? US DoD has blacklisted quite a few Chinese giants including CATL, CNOOC, Tencent and COSCO, classifying them as “Chinese Military Companies”. Although not as drastic as outright sanctions DoD claims that being in the list is a warning and will deter American companies from dealing with them. Given that CATL is a major battery supplier to Tesla and Ford probably still wants tech support for its proposed battery plant, it will be messy for all involved in the next few months.

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This mainly just means those companies can't do business with the US military, which not only isn't China's problem, it complements Chinese policy of sanctioning US defence industry, so win win

Back in July...

Lethe said:

PHEV sales in particular are pathetic here [in Australia], with Sealion 6 emerging as the #4 best-selling PHEV across H1 2024 in its first month on sale. A second-place finish for the year is almost guaranteed, the only question is if it can overhaul Mitsubishi Outlander PHEV's five-month head start to take the #1 position in the PHEV category by the end of the year. Given that they are competing in the same segment, I think there's a decent chance that it can.

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Spoiler: Sealion 6 did take the PHEV podium over Outlander for 2024, though only just:

Best-selling EVs and PHEVs (italicised) in Australia, 2024:

Tesla Model Y 21,253
Tesla Model 3 17,094
MG 4 6934
BYD Seal 6393
BYD Sealion 6 6198
Mitsubishi Outlander PHEV 6126
BYD Atto 3 5751
BMW iX1 2618
Mitsubishi Eclipse Cross PHEV 2368
Volvo EX30 2129
BYD Dolphin 2116
BMW i4 2062
Kia EV6 1785
Mazda CX-60 PHEV 1481
Polestar 2 1459
Hyundai Kona 1363
BMW iX2 1280
MG ZS EV 1262
GWM Ora 1225
Volvo XC40 1173
BMW iX3 1092
Mercedes-Benz EQA 1044
Toyota bZ4X 977
Hyundai Ioniq 5 933
MG HS PHEV 882
Volvo XC60 PHEV 872

I went this far down mostly to illustrate just how shallow the PHEV pool in particular is here, also to note the very underwhelming performance of Toyota's bZ4x, which significantly undershot Toyota Australia's own downgraded pre-launch sales target of 1500 vehicles for the year. Turns out that the Toyota badge is not literally magic, even here. Kind of puts a different spin on the "disappointing" sales of GWM Ora, even if that vehicle is literally half the price of bZ4x. It'll be interesting to see which vehicle takes home the PHEV crown in 2025: BYD Shark or BYD Sealion 6.

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BYD is continuing to build out its AI team by poaching former 01.ai CTO.

BYD Xia launching. Very good price and a lot of interesting tech.

My commentary on BYD's AI efforts this year. It will be huge. DiPilot-100 will be widely offered.