I don't see a requirement for an aggressive cash for clunkers programme in China. It will just end up scrapping perfectly good cars that could be used in remote parts of China or exported as used cars in developing countries where there isn't the electric charging infrastructure yet. Plus you're only talking about a difference of 30% to 35% in terms of the overall NEV fleet, which doesn't change the strategic calculations very much.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
I don't see a requirement for an aggressive cash for clunkers programme in China. It will just end up scrapping perfectly good cars that could be used in remote parts of China or exported as used cars in developing countries where there isn't the electric charging infrastructure yet. Plus you're only talking about a difference of 30% to 35% in terms of the overall NEV fleet, which doesn't change the strategic calculations very much.
Are there any solid statistics on what the car ownership rate in countries like: Japan, South Korea, and Singapore are?
I know in Singapore less than half of households own a car due to the size of the country and ease of public transportation.
Yes, it's publicly available via google.
I get inconsistent results. nevermind.
supercat
Major
Good thing China is building up the HSR system, as well as the EV industry. Both uses electrical power.
Today's evidence that the "uyghur law" won't work:
Sunwoda and Gotion are the 5th and 4th largest EV battery makers in China respectively.
There are a lot of cars/trucks in Japan still. Yes, Japan has a great public transportation system, but it still requires a lot of oil for cars/trucks and industrial uses. And if it got cut off from 80% of its supply, it would not function as a society anymore.
you are right. Even back in 2020, electric buses were a huge sector in China. Yutong is even larger than BYD.
BYD is now aggressively moving into trucks, forklifts, garbage trucks and pretty much everything else.
well, there is at least one recently announced cash for clunkers program. I'd expect car sales in China to reach close to 100% NEV by the end of this decade. At certain point, people will just not want their ICE car anymore due to 0 re-sale value and want to trade it in. I mean, the only thing preventing it from being here right now is production issues.
The carbon market can provide the cash for the transition. People would earn carbon credits, basically, for giving up polluting cars, the more polluting (i.e. clunkers) the more carbon credits they get, which can be spend on an NEV vehicle, or clean public transport.
Interestingly enough, I've seen a couple of articles related to Chinese EVs from wired recently. Here is one on CATL and Robin Zeng
More from wire on Chinese dominance in lithium. The problem with this type of articles is that they are simply behind the times. LFP is back being the best battery chemistry for mass market cars. After that, solid state batteries are also popular and so are sodium ion batteries. This continued obsession over Nickel and Cobalt is very behind the times.
As I've talked about several types, the demise of BBA is going to happen in a couple of years. Denza, Li Auto, NIO and many more NEV brands will bring a hurricane to the market once they can ramp up
So BYD is going to probably hit 135 to 140k deliveries in June and the new Hefei plant just opened and is producing Qin+ DM-i. Q3 is going to see huge ramp up from BYD. Not only in car deliveries but also in blade batteries, dual motors and other parts to other automakers.
Their Shenzhen office and industrial part is also continuing to expand
For export market, they are finally making it into Australia in July.
Thus far, they've already gotten more than 3000 orders, which is quite impressive for a small market like Australia. Dolphin and Seal are coming next. I honestly don't now how they are going to fulfill the demand for Dolphin/Seal in China, let alone abroad. Seems crazy to me.
BYD also expanding their Indian distribution network in advance of the Atto 3 launch
More news from Brazil. Brazilian market is a lot smaller than thought. BYD sold more cars in March than all of Brazil combined!
More from wire on Chinese dominance in lithium. The problem with this type of articles is that they are simply behind the times. LFP is back being the best battery chemistry for mass market cars. After that, solid state batteries are also popular and so are sodium ion batteries. This continued obsession over Nickel and Cobalt is very behind the times.
As I've talked about several types, the demise of BBA is going to happen in a couple of years. Denza, Li Auto, NIO and many more NEV brands will bring a hurricane to the market once they can ramp up
So BYD is going to probably hit 135 to 140k deliveries in June and the new Hefei plant just opened and is producing Qin+ DM-i. Q3 is going to see huge ramp up from BYD. Not only in car deliveries but also in blade batteries, dual motors and other parts to other automakers.
Their Shenzhen office and industrial part is also continuing to expand
For export market, they are finally making it into Australia in July.
Thus far, they've already gotten more than 3000 orders, which is quite impressive for a small market like Australia. Dolphin and Seal are coming next. I honestly don't now how they are going to fulfill the demand for Dolphin/Seal in China, let alone abroad. Seems crazy to me.
BYD also expanding their Indian distribution network in advance of the Atto 3 launch
More news from Brazil. Brazilian market is a lot smaller than thought. BYD sold more cars in March than all of Brazil combined!
