It looks like Evergrande should focus on its core (in)competency which is building houses. They should be glad that they haven't got shut down for expanding their business to an unrelated field when they have so many debt issues.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
It looks like the government is allowing them to generate even more revenue in EV sales.
Because the company had already invested a lot of money in this EV thing before they got caught by the regulators. As the investment had already be made, they might as well as be allowed to generate money from it so that this idiotic company can repay its debts
Yutong is the number ev bus manufacturer and it can apparently do autonomous buses also.
Legacy auto is in trouble. This will be first of many layoffs.
This is a common story in china. People want ev but have to wait too long. Even less desirable evs get orders.
No, I don't think evergrande should have gotten into evs. Too competitive.
Frigate 07 finally coming.
Legacy auto is in trouble. This will be first of many layoffs.
This is a common story in china. People want ev but have to wait too long. Even less desirable evs get orders.
No, I don't think evergrande should have gotten into evs. Too competitive.
Frigate 07 finally coming.
The issue with US EV is that other than Tesla there isn’t a competitive product.
Alright, this was one of the two big news of the day
Pretty grand opening to announce Atto 2, 3, 4 at the same time. So Atto 3 in January, Dolphin in mid 2023 and Seal in H2
2023 is a big year for BYD in export markets. They are expected to announce a North America entrance next. Apparently, they are still making some changes right now to be ready for North American market. I can tell you that there is a huge unfulfilled demand here.
Apparently, there is big plans for Song DM-i series for export to markets around the world, especially ones without established EV infrastructure. Expect ASEAN, African, Latin American countries to see this exported.
This is the other big news. Baidu announcing its Robotaxi 6 and claim it is fully autonomous and can be produced for 250k RMB. Super cheap. Amazing product. As I said, Huawei and Baidu will be BYD's biggest threat. Deep pocket and a lot of engineering resources and experience in AI and software.
1200 TOPS
38 sensors (8 Lidar! and 12 cameras)
Even getting covered in Western media
If BYD doesn't up its came, this is going to crush D1.
lol, the kind of stupid things that XPeng says
I don't want to shit on them too much, but they have 11k unfilled orders, which is basically just 1 month of production. BYD has over 700k unfilled orders, which is 4 or 5 months of production.
BYD will have a huge challenge on its hand, but that will be from Baidu and Huawei, not XPeng. XPeng will be lucky to be around as a standalone entity in 5 years.
Now, I do think Tesla will have huge problem in the Chinese market by 2025 if Musk spends another 2 years refusing to improve the Tesla hardware, but BYD has invested heavily in chips and AV technology. It's the kind of company that only makes an announcement when it's already almost there. I fully anticipate them to have autonomous driving on the new luxury models coming out next year because that's what all the rumours are saying!
Pretty grand opening to announce Atto 2, 3, 4 at the same time. So Atto 3 in January, Dolphin in mid 2023 and Seal in H2
2023 is a big year for BYD in export markets. They are expected to announce a North America entrance next. Apparently, they are still making some changes right now to be ready for North American market. I can tell you that there is a huge unfulfilled demand here.
Apparently, there is big plans for Song DM-i series for export to markets around the world, especially ones without established EV infrastructure. Expect ASEAN, African, Latin American countries to see this exported.
This is the other big news. Baidu announcing its Robotaxi 6 and claim it is fully autonomous and can be produced for 250k RMB. Super cheap. Amazing product. As I said, Huawei and Baidu will be BYD's biggest threat. Deep pocket and a lot of engineering resources and experience in AI and software.
1200 TOPS
38 sensors (8 Lidar! and 12 cameras)
Even getting covered in Western media
If BYD doesn't up its came, this is going to crush D1.
lol, the kind of stupid things that XPeng says
I don't want to shit on them too much, but they have 11k unfilled orders, which is basically just 1 month of production. BYD has over 700k unfilled orders, which is 4 or 5 months of production.
BYD will have a huge challenge on its hand, but that will be from Baidu and Huawei, not XPeng. XPeng will be lucky to be around as a standalone entity in 5 years.
Now, I do think Tesla will have huge problem in the Chinese market by 2025 if Musk spends another 2 years refusing to improve the Tesla hardware, but BYD has invested heavily in chips and AV technology. It's the kind of company that only makes an announcement when it's already almost there. I fully anticipate them to have autonomous driving on the new luxury models coming out next year because that's what all the rumours are saying!
The government could have asked Evergrande to sell their EV business to any of these state owned car maker, since many of these state owned car maker are lagging behind in EV development anyway. And yet the government decided to allow them to continue their EV business.
Imagine in late 21st century Evergrande is renowned as EV manufacturers. Nobody believed that they were once a real estate company.
Now, BYD entering Japan has hit business wire.
BYD has already been operating in Japan for a while
Even bigger news, Ford will be sourcing LFP battery from CATL for Mach-e and F-150
Keep in mind that even with this deal, they have only secured enough battery to produce 600k EVs by end of 2023 (so 50k a month). BYD will probably be at 400k a month by then.
It thinks it has sourced 70% of batteries need to reach 2 million EV targets by late 2026. Looks like CATL with need to be producing 40 GWh of LFP in North America for Ford by 2026. That I’m sure is where the Mexican plant is coming into play. That sounds like a lot until you consider where Chinese battery makers are producing by then.
But overall, I still think this is a really good move by Ford. They realized you cannot get to have competitively priced EVs without using Chinese LFP batteries. You cannot have premium EVs without some of the more dense chemistry that will start production in China. I think Ford will come out the strongest out of the big 3, because they are doing what they need to transition, whereas GM is full of itself. All this talk from politicians of not relying on China will go no where, because you can’t be competitive without using Chinese battery supply chain. You just can’t. Western automakers will only rely more and more on Chinese battery supply chain.
It’s kind of funny how much focus has been on chipmakers, when automotive industry is the pillar of a country’s industrial base. Western politicians have dropped the ball big time by spending all their focus on chips and pretending that all is fine with the auto industry. I cannot stress how far ahead China is accelerating past the competition in EV and battery field. Very soon in automotive chips also. That’s what happens when you set policies and provide funding that aid auto industry rather than just building your military industrial complex.
BYD has already been operating in Japan for a while
Even bigger news, Ford will be sourcing LFP battery from CATL for Mach-e and F-150
Keep in mind that even with this deal, they have only secured enough battery to produce 600k EVs by end of 2023 (so 50k a month). BYD will probably be at 400k a month by then.
It thinks it has sourced 70% of batteries need to reach 2 million EV targets by late 2026. Looks like CATL with need to be producing 40 GWh of LFP in North America for Ford by 2026. That I’m sure is where the Mexican plant is coming into play. That sounds like a lot until you consider where Chinese battery makers are producing by then.
But overall, I still think this is a really good move by Ford. They realized you cannot get to have competitively priced EVs without using Chinese LFP batteries. You cannot have premium EVs without some of the more dense chemistry that will start production in China. I think Ford will come out the strongest out of the big 3, because they are doing what they need to transition, whereas GM is full of itself. All this talk from politicians of not relying on China will go no where, because you can’t be competitive without using Chinese battery supply chain. You just can’t. Western automakers will only rely more and more on Chinese battery supply chain.
It’s kind of funny how much focus has been on chipmakers, when automotive industry is the pillar of a country’s industrial base. Western politicians have dropped the ball big time by spending all their focus on chips and pretending that all is fine with the auto industry. I cannot stress how far ahead China is accelerating past the competition in EV and battery field. Very soon in automotive chips also. That’s what happens when you set policies and provide funding that aid auto industry rather than just building your military industrial complex.