@tokenanalyst Nah.... Like what @B.I.B. said in China maybe BUT for the ROW it make take 50 years for it to achieved. EV for us here is like a toy for the rich, the reason the necessary infrastructure doesn't exist as the gov't is hard press to deliver even the basic public services.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
It looks like Korea has an outsized market share of EV batteries (as in ship building) worldwide.
China's CALB and SVOLT are still relatively small players in EV batteries,
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Taking the lead in NEV is important, but China is also closing the gap in internal combustion engine. Companies like Geely, Great Wall, Chery all have their own engine technology now.
Don't forget hybrid system also uses combustion engine, like BYD's dmi.
broadsword
Brigadier
CALB, SVOLT, GOTION and others will be among the seven or eight companies that will make up the top 10 in the world in time to come, just like in the wind turbine and solar industries.
@ThatNiceType055 bro I'm in love with Geely CoolRay, when I test drive it, I feel like a 16th year old again, you know like a virgin having its first taste....lol
Goddamn man stop telling us the age you lost it
Something like wuling is only 5 or 6 thousand dollars. Super cheap. Also for byd, it's nev are as cheap as the ice cars. That's why nobody buys their ice cars anymore. In the end of the day, Chinese govt in partnership with Chinese automakers can do themselves a huge favor if they work with local govt like Philippines to roll out a national ev charging network. That would do wonders for Chinese exports in these countries.
The main reason they haven't done that is because the higher end evs are selling so well that they would rather make those cars as long as battery and production capacity are limited.
But as they continue to scale up production with new giga factories, Chinese evs are going to take over market share everywhere. They are just so well priced and very high quality too. I can't wait for nio to arrive in America.
Let's say that nevs reach 80% of new vehicle sales by 2030, do you not think they will try to export to all the Asian countries? Ev will hit your home market a lot sooner than you think.
Hmm, ice car sales in china is collapsing. China needs to ride this wave into top of the automaker food chain.
Automakers are the backbone of manufacturing for many advanced economies like America, Germany, Japan, France and south Korea. Now, Tesla and Chinese ev companies can put them out of business over the next 10 years. And china controls the battery production of all the evs around the world. This will be a great decade for Chinese manufacturing. The ramifications of this is quite significant.
Sure, movies, music and tv series are part of a country's softpower. Guess what, so are cars. No greater sign of china's power than having countries like Philippines driving wulings, byd and nio instead of Honda and Toyota.
@tphuang Depends Sir, First we have a strong Oil and ICE lobby, second we privatized our Power sector and they will not invest until it's economic viable, third due to that we have the second highest price rate in the whole of Asia after Japan and finally the fourth , we need to bring electricity to the rest of the country first to industrialized and to have an economic activity. Percentage wise of the 3 large Island , Luzon had the most with 65%, Visayas 50% and Mindanao the worst at 30% have electricity, As I said we have a long way to go before we can adopt EV in large number cause the necessary infrastructure is wanting.
Korean battery makers don't have any batteries with LFP chemistries, which means they are screwed.
Only the Chinese companies are mass producing these batteries at scale and the patents that prevent the use of which prevent LFP batteries from being used internationally will finally expire this year.
So we'll also see more Chinese companies opening up battery plants overseas