New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Should BYD keep the most advanced batteries for itself, rather than supplying the competition?
Still remember the k50, that "electric supercar" did not go too well. Pricing was the main issue.
BYD had to compete against other suppliers to win the Tesla order. I have no idea what they offer, but it has to be pretty good stuff to win against higher density competition. After all, they are still using their own CTB technology that no one else has at the moment. IIRC, the tolerance level on the Tesla order was more stringent than your typical BYD battery production.
BYD should not be afraid to provide the latest and keep on innovating. They will be supplying Ford, Toyota and probably GM in the future also.
This is from the BYD 2021 shareholder meeting that was held yesterday. They will be focusing more on export in the future. They talked about the next step being autonomous driving/smart car technology. They will not rely on outside firms and be doing their own development. Do not think they will rely on Huawei or Baidu or any of these guys. They will compete against them. It's about who can move faster and be more integrated that will win. Scaling up production in EV world is really hard.
BYD Tang DM-p will launch tomorrow
BYD coming to NZ in Q3 with pre-sale of Atto 3 starting in July. They will bring 2 more models in 2023 and another 2 in 2024.
Koreans are coming to terms with the fact that Chinese EVs and battery makers are eating their.lunch. I actually think Koreans are moving fast enough, but it's just that China is moving so much faster.
supercat
Major
China is at the forefront of auto innovation now:
Baidu/Geely's JIDU RObO-01 concept car looks good (although the steering yoke is unlikely to be in the production car).
More info:
Baidu/Geely's JIDU RObO-01 concept car looks good (although the steering yoke is unlikely to be in the production car).
More info:
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I think the news of Tesla using BYD batteries is going to be great for BYD brand and export potentials in America and elsewhere. I'd be curious if they will expand on their factory in America to provide batteries for automakers here. It seems like GM, Toyota and Ford will all be customers of them.
From the 2021 shareholder meetings, WangChuanFu said that they have over 500k in orders. They are trying harder to scale up production. They have a customer satisfactory score of 94. The biggest complaint is the long wait time for customers. More car dealer survey show that BYD is getting as many visitors as VW and the Japanese automakers in total.
A lot of people think that BYD is behind in autonomous driving technology because it has partnered up with Huawei, Baidu and Horizon Robotics. The reality is that BYD will not rely on any outside company for its core technology. It believes that EV is the first part of the future automative industry and autonomous driving is the second part. It will invest heavily on R&D, use Lidar, MMW radar and cameras to have the most advanced autonomous driving system in the industry while also working with 3rd parties. It sounds like they want to develop cars with both internal and 3rd party technology. They will hire another 150,000 people this year including 20,000 new grads. They are still scaling up all aspects of their company. The costs will come down once they finish these investments. They believe this is a critical transition period in automotive industry. It's critical to be able to scale up production and capture market share. Certainly, there is some of that first mover concept here. Like with Tesla, the first one to ramp up will be the one that wins. Need to be able to move rapidly.
They allocated some production for export market this year, even though they can barely fulfill domestic orders, because they see the importance of export markets. It's important to gain a traction outside of China, when those markets are ready for EVs.
Didi is in talks to buy 1/3 of sinomach automobile's EV division. Since I've never heard of that company, I don't know what Didi doing here.
Updated on BYD order backlog
actually, it has reached 600k units.
From the 2021 shareholder meetings, WangChuanFu said that they have over 500k in orders. They are trying harder to scale up production. They have a customer satisfactory score of 94. The biggest complaint is the long wait time for customers. More car dealer survey show that BYD is getting as many visitors as VW and the Japanese automakers in total.
A lot of people think that BYD is behind in autonomous driving technology because it has partnered up with Huawei, Baidu and Horizon Robotics. The reality is that BYD will not rely on any outside company for its core technology. It believes that EV is the first part of the future automative industry and autonomous driving is the second part. It will invest heavily on R&D, use Lidar, MMW radar and cameras to have the most advanced autonomous driving system in the industry while also working with 3rd parties. It sounds like they want to develop cars with both internal and 3rd party technology. They will hire another 150,000 people this year including 20,000 new grads. They are still scaling up all aspects of their company. The costs will come down once they finish these investments. They believe this is a critical transition period in automotive industry. It's critical to be able to scale up production and capture market share. Certainly, there is some of that first mover concept here. Like with Tesla, the first one to ramp up will be the one that wins. Need to be able to move rapidly.
They allocated some production for export market this year, even though they can barely fulfill domestic orders, because they see the importance of export markets. It's important to gain a traction outside of China, when those markets are ready for EVs.
Didi is in talks to buy 1/3 of sinomach automobile's EV division. Since I've never heard of that company, I don't know what Didi doing here.
Updated on BYD order backlog
actually, it has reached 600k units.
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supercat
Major
According to this tweet, BYD is now the world's largest EV manufacturer.
According to Electric Viking, BYD is now the 3rd most valuable auto maker in the world, ahead of #4 VW (#1 Tesla, #2 Toyota, #5 Mercedes-Benz). He thinks it's just a matter of time that BYD will overtake Toyota.
According to Electric Viking, BYD is now the 3rd most valuable auto maker in the world, ahead of #4 VW (#1 Tesla, #2 Toyota, #5 Mercedes-Benz). He thinks it's just a matter of time that BYD will overtake Toyota.
AssassinsMace
Lieutenant General
It is truly amazing to see China come from making bad rip-offs to being in the heights of innovation in the car industry. I was a pessimist because it seemed the Chinese car industry was just being a follower. Now prove me wrong on if I'll ever see a Chinese brand car being sold in the US. I'm a pessimist on that. It'll probably happen but I see how some American politicians will work to prevent that from happening. As Chinese work to make cars "smarter", the more the notorious suspects in the US will be paranoid. Even though Tesla started this, for some reason American politicians don't like Elon Musk. Then you add how big China has become in EVs, I know there are those in the US that don't like being a "follower" in trends and want something else where they can lead like how the Japanese tried to push hydrogen and not electric. That's why it was history being made when China became the largest car market in the world. Beyond the superficial of what that means, the bigger part is that it meant that the international car industry were going make cars according to Chinese tastes which meant Americans were no longer the trend-setters and they hate that. That's why overall it's so important for the US that everyone in the world embrace Western values because then they will always be dictating the direction of everything.
Maybe Chinese EV companies should rebadge their brands in America so Americans think they're buying American cars when in reality they're Chinese cars. For example, BYD can call itself BAD in America, Ora can call itself Oral.
@AssassinsMace Sir let me summed it up this way in a school setting.
Cool kids - The Five eyes
Cool kids wanna be or retainers/ servants- EU, SK, Japan and India
the nerds- China
Rich kids (commodities) - Gulf state
outcast or delinquent- Russia, Iran, Venezuela and Turkey
Preys or plain kids - Africa, ASEAN and the rest of the Global South.
Everybody wanted to be a cool kid, its like a caste system, I don't know how school system works in other country BUT I experience both, an elite catholic school mimicking the western system and that of a Chinese school. I fought my way to be accepted and failed (kick out for fighting and for being poor) in the former and found enlightenment and how to become a better person on the latter. That is what the world needs a choice. Sir I may be deviating BUT you know what I meant you can't fool people cause a cool kid said so and the Nerd had become interesting because he develop something new...lol