New Energy Vehicles (NEVs) in China

henrik said:

Just crush the Japanese automakers first. That would be more pleasing.
Stock up on more byd shares.

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Clearly, Japanese automakers depend on exports. They also are the slowest movers to EVs. As such, logic would dictate they are going to be crushed in 10 years when all of China and Europe are driving EVs.

escobar said:

World’s Biggest Exporters of Cars by Value

1. Germany: US$139.1 billion (19.6% of total exported cars)
2. Japan: $85.6 billion (12%)
3. United States: $54.7 billion (7.7%)
4. South Korea: $44.3 billion (6.2%)
5. Mexico: $39.9 billion (5.6%)
6. Spain: $33.9 billion (4.8%)
7. Belgium: $31.8 billion (4.5%)
8. United Kingdom: $30.2 billion (4.2%)
9. Canada: $29.2 billion (4.1%)
10. Slovakia: $26.8 billion (3.8%)
11. Czech Republic: $23.4 billion (3.3%)
12. China: $22.4 billion (3.2%)
13. France: $20.6 billion (2.9%)
14. Italy: $16.2 billion (2.3%)
15. Sweden: $12.6 billion (1.8%)

The 5 leading exporters of cars during 2021 were Germany, Japan, United States of America, South Korea and Mexico. By value, that quintet of most lucrative automotive exporters generated over half (51.2%) of globally exported cars for 2021. Applying a continental lens, European countries sold the highest dollar value worth of cars exported during 2021 with shipments totaling $387.5 billion or 54.5% of international car sales. In second place were suppliers in Asia at 26% followed by North American automobile exporters at 17.4%.

Among the top exporters, the fastest-growing cars exporters since 2020 were: mainland China (up 125.3%), South Korea (up 24.4%), United States of America (up 19%) and the United Kingdom (up 13.7%).

Countries Generating Biggest Surpluses from Global Trade of Cars

1. Japan: US$74 billion (net export surplus up 4.6% since 2020)
2. Germany: $72.4 billion (up 28.2%)
3. Mexico: $32.4 billion (down -4.9%)
4. South Korea: $31.4 billion (up 33.1%)
5. Slovakia: $24.3 billion (up 10%)
6. Czech Republic: $18.6 billion (up 10.3%)
7. Spain: $18.6 billion (up 5.3%)
8. Thailand: $9.4 billion (up 31.7%)
9. Hungary: $8.6 billion (up 6.6%)
10. India: $5.2 billion (up 16.3%)
11. Turkey: $2.8 billion (up 66.5%)
12. Indonesia: $2.6 billion (up 26.7%)
13. Sweden: $2.51 billion (down -14.6%)
14. Romania: $2.47 billion (down -19.2%)
15. South Africa: $2.2 billion (down -13.2%)

Countries Incurring Worst Deficits from Global Trade of Cars

1. United States: -US$93.5 billion (net export deficit down -6.3% since 2020)
2. China: -$26.4 billion (down -24.5%)
3. France: -$19.7 billion (up 8.9%)
4. Australia: -$17.3 billion (up 37%)
5. Saudi Arabia: -$11.9 billion (up 12.4%)
6. Switzerland: -$9.6 billion (up 1.2%)
7. Italy: -$8.82 billion (up 7.8%)
8. Norway: -$8.35 billion (up 48.4%)
9. United Arab Emirates: -$7.4 billion (up 71.7%)
10. Russia: -$6.6 billion (up 48.7%)
11. Netherlands: -$6.4 billion (up 34.2%)
12. Poland: -$6.2 billion (up 52.6%)
13. United Kingdom: -$5.6 billion (down -31.6%)
14. Taiwan: -$5.3 billion (down -3.2%)
15. Israel: -$5.1 billion (up 22.5%)

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This is actually quite misleading. Most of the "exports" to China are via JVs that also benefit local Chinese automakers. I'm actually not sure how you even count Volvo sales in Europe that are manufactured in China. In fact, lot of exports out of China this year are by Western automakers like Tesla that do all their manufacturing in China. Is it a problem that Tesla is a foreign company when 90% of the parts produced in its cars sourced in China? Not really. That's why Shanghai gov't bends over backward to help Tesla.

But there is some grain of truth here that Chinese exports are mostly still cheaper cars by Geely, Chery and GWM. That is obviously changing with the EV revolution.

tphuang said:

Clearly, Japanese automakers depend on exports. They also are the slowest movers to EVs. As such, logic would dictate they are going to be crushed in 10 years when all of China and Europe are driving EVs.


This is actually quite misleading. Most of the "exports" to China are via JVs that also benefit local Chinese automakers. I'm actually not sure how you even count Volvo sales in Europe that are manufactured in China. In fact, lot of exports out of China this year are by Western automakers like Tesla that do all their manufacturing in China. Is it a problem that Tesla is a foreign company when 90% of the parts produced in its cars sourced in China? Not really. That's why Shanghai gov't bends over backward to help Tesla.

But there is some grain of truth here that Chinese exports are mostly still cheaper cars by Geely, Chery and GWM. That is obviously changing with the EV revolution.

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How come the Chinese government did not allow joint ventures to export their cars from China until recently?

henrik said:

How come the Chinese government did not allow joint ventures to export their cars from China until recently?

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Joint ventures could always export their cars. But if you only get half the profit from a joint venture, you don't want to use China as a global manufacturing base

I'm 100% convinced that Bridget reads the same Chinese social media that I do, because these off roader photo came out just this morning.

Even Axios is picking up on BYD surpassing Tesla in H1

of course, there are Tesla defenders everywhere. I don't disagree with his point in there, but I think it's important to celebrate all EV producer's accomplishment. What Tesla has done is good for human kind and same with BYD.

Battery technology just keeps getting better. I actually dealt with this annoyance recently. I had to use Tesla supercharger twice this past week. And it was just annoying. You have to plan your time around find a supercharger and then spending 30 minutes in the surrounding mall area. If you can actually have superchargers everywhere that can charge from 15 to 80% in 10 minutes, that would be a game changer.

We got a nice little social experiment here. Shenzhen will be the first city to allow L3 driving. Now, all the automakers are targeting L4 driving. That might still be a way off from political side of things.

henrik said:

How come the Chinese government did not allow joint ventures to export their cars from China until recently?

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Forgot to also mention that car exports from China are often subject to 10%+ tariffs. And given the excess auto production capacity (in wholly owned factories) in the US and Europe, there isn't any need for Chinese JVs to export cars

Stat of the day: China had 10.01 million NEVs on the roads as of the end of June, including 2.2 million registered in H1 2022, which is about 19.9% of autos registered, according to MPS. 22% of the 10M NEVs over the last decade or so were registered in the first 6 months of 2022

escobar said:

World’s Biggest Exporters of Cars by Value

1. Germany: US$139.1 billion (19.6% of total exported cars)
2. Japan: $85.6 billion (12%)
3. United States: $54.7 billion (7.7%)
4. South Korea: $44.3 billion (6.2%)
5. Mexico: $39.9 billion (5.6%)
6. Spain: $33.9 billion (4.8%)
7. Belgium: $31.8 billion (4.5%)
8. United Kingdom: $30.2 billion (4.2%)
9. Canada: $29.2 billion (4.1%)
10. Slovakia: $26.8 billion (3.8%)
11. Czech Republic: $23.4 billion (3.3%)
12. China: $22.4 billion (3.2%)
13. France: $20.6 billion (2.9%)
14. Italy: $16.2 billion (2.3%)
15. Sweden: $12.6 billion (1.8%)

The 5 leading exporters of cars during 2021 were Germany, Japan, United States of America, South Korea and Mexico. By value, that quintet of most lucrative automotive exporters generated over half (51.2%) of globally exported cars for 2021. Applying a continental lens, European countries sold the highest dollar value worth of cars exported during 2021 with shipments totaling $387.5 billion or 54.5% of international car sales. In second place were suppliers in Asia at 26% followed by North American automobile exporters at 17.4%.

Among the top exporters, the fastest-growing cars exporters since 2020 were: mainland China (up 125.3%), South Korea (up 24.4%), United States of America (up 19%) and the United Kingdom (up 13.7%).

Countries Generating Biggest Surpluses from Global Trade of Cars

1. Japan: US$74 billion (net export surplus up 4.6% since 2020)
2. Germany: $72.4 billion (up 28.2%)
3. Mexico: $32.4 billion (down -4.9%)
4. South Korea: $31.4 billion (up 33.1%)
5. Slovakia: $24.3 billion (up 10%)
6. Czech Republic: $18.6 billion (up 10.3%)
7. Spain: $18.6 billion (up 5.3%)
8. Thailand: $9.4 billion (up 31.7%)
9. Hungary: $8.6 billion (up 6.6%)
10. India: $5.2 billion (up 16.3%)
11. Turkey: $2.8 billion (up 66.5%)
12. Indonesia: $2.6 billion (up 26.7%)
13. Sweden: $2.51 billion (down -14.6%)
14. Romania: $2.47 billion (down -19.2%)
15. South Africa: $2.2 billion (down -13.2%)

Countries Incurring Worst Deficits from Global Trade of Cars

1. United States: -US$93.5 billion (net export deficit down -6.3% since 2020)
2. China: -$26.4 billion (down -24.5%)
3. France: -$19.7 billion (up 8.9%)
4. Australia: -$17.3 billion (up 37%)
5. Saudi Arabia: -$11.9 billion (up 12.4%)
6. Switzerland: -$9.6 billion (up 1.2%)
7. Italy: -$8.82 billion (up 7.8%)
8. Norway: -$8.35 billion (up 48.4%)
9. United Arab Emirates: -$7.4 billion (up 71.7%)
10. Russia: -$6.6 billion (up 48.7%)
11. Netherlands: -$6.4 billion (up 34.2%)
12. Poland: -$6.2 billion (up 52.6%)
13. United Kingdom: -$5.6 billion (down -31.6%)
14. Taiwan: -$5.3 billion (down -3.2%)
15. Israel: -$5.1 billion (up 22.5%)

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We are talking about EV here and not ICE So what you posted is irrelevant. I am quite aware that ICE is still dominating car industry But it is not if but when that BEV will replace ICE and become the new slide rule, dun buggy, dodo bird! And Chinese car maker will dominate the EV simply because gasoline is getting more expensive by the day. There is no solution since the world lack Refinery capacity due to Sanction No one will build new refinery just does not make sense since it takes decades to recover the capital cost and by then EV will dominate car industry!

getready said:

Funny video. This American guy bought a Chang Li electric mini truck for his dad and posted in previous video that went viral, as expected lots of sinophobic comments and racism , lots saying it will fall apart as soon as they use it. So he posted follow up video few months later saying the family all loved it and it was a great buy. Even had to defend himself buying Chinese truck. Lol can see lots of sinophobes were pissed.

not sure wat the market is like for Chinese electric truck like this in North America, it beats a golf cart or some similar for farm use for the price. the guy mentioned shipping cost, and custom duties added a lot to the purchase

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I would have bought this truck as my kids toy if it was available back then. Actually I would have bought it as my own city beat car at USD5K if it got permit on the road with a few reliability enhancements. Many people own a few acres here. This type of electric trucks is a dream-comes-true light utility vehicle. At USD5K with enhancements, this thing could potentially be a contributor for the world poverty alleviation.

Hendrik_2000 said:

We are talking about EV here and not ICE So what you posted is irrelevant. I am quite aware that ICE is still dominating car industry But it is not if but when that BEV will replace ICE and become the new slide rule, dun buggy, dodo bird! And Chinese car maker will dominate the EV simply because gasoline is getting more expensive by the day. There is no solution since the world lack Refinery capacity due to Sanction No one will build new refinery just does not make sense since it takes decades to recover the capital cost and by then EV will dominate car industry!

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Most of CN auto export still ICE.

escobar said:

Most of CN auto export still ICE.

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We are only mid of the year and ALL Chinese EV maker are ramping their EV production and opening sales show room or office in Europe. So just wait and see. They have no competition aside from Tesla but then their car is cheaper than tesla with more feature! like semi autonomous driving, LIDAR etc. Again it is just matter of when! It is only last year that Nio open sales office in Norway and sofar sold 500 of their expensive EV