New Energy Vehicles (NEVs) in China

T

taxiya

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Tam said:
Won't be the first time a vehicle is named after an ethnic minority. Familiar what the Nissan Qashqai is?
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I guess you meant majority.
Mcsweeney said:
It'll be fine once people realize you pronounce "Hongqi" like "Hongchi" and not like a racial slur for a white person.

That reminds me of a hilarious criticism I saw of the name of the "BYD Han" as if it's named after the racial majority of China. "Imagine if we released a car called the Ford Caucasian!"
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BYD Han is one of a serie of cars named after Chinese dynasties together with Qin, Tang, Song and Yuan. Han is used to refer to the Chinese majority one thousand years after the dynasty. Nobody in China would think of BYD Han as ethnic related. Most of people outside of China have no knowledge of the existence of the word "Han"and its meaning. So I am not concerned at all.
 
T

taxiya

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I wish FAW to replace Hongqi for mass market for another reason, I don't want to see some gangsters, criminals and billionaires riding the same car as Mao Zedong, Zhou Enlai and Chinese presidents. It is just a badge, why not reserve it and make something new.
 
tphuang

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supercat said:
BYD's 1st quarter profit is expected to rise 300% over last year and its profit will continue to improve as the company has passed its most stressful period.
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According to TrendForce, LFP battery's market share will reach 60% globally by 2024.
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While the overall NEV penetration rate reached 28.2% in China in Q1, in some cities it reached more than 50%, including Shenzhen (59%) and Shanghai (52%).
https://twitter.com/i/web/status/1516387599899717639

https://twitter.com/i/web/status/1516711809465880576
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This is great. Not a surprise that the wealthy cities in south and eastern part of China are leading the pack in NEV. It seems like the North is always behind the trend. BYD is going to capitalize big time as the hometown automaker from the growing NEV adaption in Shenzhen and surrounding areas. The new models they are cranking out looks great. I think I'm going to buy some of their stocks.

Some of Taylor Ogan's analysis on the growth and product development of BYD is really great.
 
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siegecrossbow

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taxiya said:
I guess you meant majority.

BYD Han is one of a serie of cars named after Chinese dynasties together with Qin, Tang, Song and Yuan. Han is used to refer to the Chinese majority one thousand years after the dynasty. Nobody in China would think of BYD Han as ethnic related. Most of people outside of China have no knowledge of the existence of the word "Han"and its meaning. So I am not concerned at all.
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Same naming scheme as Chinese submarines ;).
 
Strangelove

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China's largest power battery maker Contemporary Amperex Technology Co Ltd (CATL, SHE: 300750) plans to build a new battery production base in Xiamen, Fujian province, with a total investment of no more than RMB 13 billion ($2 billion), according to an announcement.

The project's construction cycle is expected to take no more than 26 months, with a planned site area of about 1,900 mu (1.27 square kilometers), according to an announcement made Thursday by the Ningde, Fujian-based company.

With the rapid development of the new energy industry at home and abroad, the market for the power battery and energy storage industries continues to grow, and the move is to further promote business development and meet market demand, CATL said.

The project's investment and construction will increase the company's capital expenditure and cash outlay, but will have a positive impact on its business layout and operating results in the long run, the company said.

Xiamen is one of the most important cities for CATL due to its proximity to Ningde, where its headquarters are located. Its battery swap brand EVOGO service was officially launched on April 18, with Xiamen being the first city to see the service available.

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also announced its 2021 financial results yesterday, showing that it achieved revenue of RMB 130.4 billion in 2021, up 159.06 percent year-on-year, and net profit of RMB 15.9 billion, up 185.34 percent year-on-year.

CATL's lithium-ion battery sales in 2021 were 133.41 GWh, up 184.82 percent year-on-year, including 116.71 GWh of power battery system sales, up 162.56 percent year-on-year.

The supply framework agreement signed between CATL and Tesla in June 2021 provides for the supply of products to Tesla from 2022 to 2025, with a fulfillment amount of RMB 13 billion in 2021, according to the annual report.

As of December 31, 2021, CATL had 10,079 R&D technicians, 3,772 domestic patents and 673 foreign patents.
 
4Runner

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15 European Countries Have 15%+ Plugin Vehicle Sales (New Car Sales)​

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EV is happening faster than majority thought, particularly stakeholders in the auto eco-system. This is a real/rare positive global revolution happening in front of our eyes. And it is led by China and a bunch of private companies, specifically, Tesla and a bunch of Chinese companies. What have Japanese government, Korean government and German government been doing? I think it is already too late, because the supply chain is already in China.
 
tphuang

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This cnevpost article
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posted me to this link
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A lot of the details in there we already know, but I hadn't followed byd enough to know this part.
去年，比亚迪已经相继注册了安徽无为、江苏盐城、山东济南以及浙江绍兴等四家电池公司，加速扩张动力电池产能；公司还利用太原比亚迪现有工厂进行设备改造，建设年产50万套混动系统核心部件EHS的装配线及配套设施，提升DM-i混动系统产能；合肥新能源汽车高端核心零部件项目也已于2021年8月3日完成备案，建成后将具备40万辆新能源汽车核心配套零部件生产能力。
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basically, BYD has plants everywhere in China. Not just in Shanghai and Shenzhen or their surrounding areas or even 2nd tier cities. A lot of these places are 3rd or 4th tier cities in China.

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Last year, a total of eight battery projects were added or expanded, located in Wuhan, Hubei; Wuhu, Anhui; Chuzhou, Anhui; Xi'an, Shaanxi; Jinan, Shandong; Shaoxing, Zhejiang; Bishan, Chongqing and Fuzhou, Jiangxi. The combined capacity of these plants will exceed 154 GWh when they are all in operation.
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If you just look at this, they are diversifying their production all over China. This is quite an interesting strategy. It's one that has served them well during the most recent lockdowns as a lot of its competitors could not operate since they are based around Shanghai.

There is huge cost of living and salary gap between Shanghai and Shenzhen with 2nd tier cities. There is even bigger gap with 3rd and 4th tier cities where some of BYD's factories are located. Bringing their high tech plants to these cities less associated with auto/EV industry probably brought BYD a lot of favors with local government in terms of taxes/land and order book. This is not a strategy that a company like Tesla would be able to adopt. Or even other major foreign automakers and their JVs can do, since they are probably uncomfortable operating outside of the areas best known to foreigners. It's also unlikely smaller startups like NIO or XPeng can open up many different factories. So, this is like something only large private automaker with firm understanding of regional politics and supply chain management inside China can employ. This is also not an easy strategy to execute since many of these 3rd/4th tiers cities don't have the same work culture as the ultra productive manufacturing hubs. But if you are able to get similar level of productive while paying much lower wages, then you win big time.

There has always been this question of how BYD has such a cost advantage over its competitors. Having a great management and vertical integration are definitely keys, but I think being able to carry out manufacturing outside of the traditional auto hubs also provides them a key advantage.
 
W

weig2000

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tphuang said:
posted me to this link
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A lot of the details in there we already know, but I hadn't followed byd enough to know this part.

basically, BYD has plants everywhere in China. Not just in Shanghai and Shenzhen or their surrounding areas or even 2nd tier cities. A lot of these places are 3rd or 4th tier cities in China.

Please, Log in or Register to view URLs content!

If you just look at this, they are diversifying their production all over China. This is quite an interesting strategy. It's one that has served them well during the most recent lockdowns as a lot of its competitors could not operate since they are based around Shanghai.

There is huge cost of living and salary gap between Shanghai and Shenzhen with 2nd tier cities. There is even bigger gap with 3rd and 4th tier cities where some of BYD's factories are located. Bringing their high tech plants to these cities less associated with auto/EV industry probably brought BYD a lot of favors with local government in terms of taxes/land and order book. This is not a strategy that a company like Tesla would be able to adopt. Or even other major foreign automakers and their JVs can do, since they are probably uncomfortable operating outside of the areas best known to foreigners. It's also unlikely smaller startups like NIO or XPeng can open up many different factories. So, this is like something only large private automaker with firm understanding of regional politics and supply chain management inside China can employ. This is also not an easy strategy to execute since many of these 3rd/4th tiers cities don't have the same work culture as the ultra productive manufacturing hubs. But if you are able to get similar level of productive while paying much lower wages, then you win big time.

There has always been this question of how BYD has such a cost advantage over its competitors. Having a great management and vertical integration are definitely keys, but I think being able to carry out manufacturing outside of the traditional auto hubs also provides them a key advantage.
Click to expand...

This is not some new strategy. A lot of Chinese companies in several industries, particularly the capital-intensive ones, have been playing this game for many years now. Think of flat-panel display, semiconductor, EVs, etc.

What happens is that these companies going to the local cities promise investment, technology and employment in exchange for local government investment, subsides, cheap land and employment help. We've seen BOE, SMIC and BYD and others do these in many places. Among local cities, Hefei in Anhui Province has been the most successful, in attracting investments in LCD, semiconductor, EV, transforming Hefei from a low third-tier city into a booming 2nd tier city. Part of the secret sauce to China's success since the '90s: regional competition.
 
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