Of course Ford won't advertise MIC batteries, then they won't seem American and can't get more gov subsidies.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
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BYD Atto 3 finally getting Aussie approval. Should start delivery in a month or so.
The unveiling party came a week ago, but now it's announced on BYD's twitter account
Not anywhere near the reception that BYD Japan is getting. Got a 100 minutes youtube clip
And the tweet is now pinned on their twitter account.
This is terrible press for Tesla in China
This is the future of legacy JV factories in China
I've said it for a while now. Do not be concerned with SAIC or these other Chinese automakers that relied on JV. Their factories will get bought out by BYD (or another EV maker) at a low cost and then transformed to produce cars that people actually want. There will be no job loss issues outside of overpaid execs.
Another possibility is for Huawei or Baidu to start new JVs with these failed legacy plants and make autonomous cars.
It is a little strange that Xiaomi poached a guy linked to mini ev. Seems like a strange market to get into.
More news from Chinese social media
BYD's Changzhou factory produced 55k cars in the first of this year (just started at end of last year, so has been ramping up until now). It produced 16k Yuan+ in June and will start producing Seal soon. Expected to surpass 200k in sales this year. So, expecting over 145k car in 2nd half, or 24k a month. Likely to hit 30k a month by December (maybe half and half with Yuan+ and Seal). The original plan was for Changzhou to produce 400k a year, so this is slowly ramping up there.
From podcast I listen to on CATL
- CATL is most likely still shopping for location right now. They leaked Mexico plants news to media to try to get better offers elsewhere.
- CATL likely offered good terms to secure contracts with Ford and Tesla so they can have guaranteed deals in America.
- Strange that CATL was picked for LFP by Ford -> indicates BYD was not a good partner for Ford when it came to NMC batteries (never made sense to me why Ford picked BYD for ternary batteries)
The unveiling party came a week ago, but now it's announced on BYD's twitter account
Not anywhere near the reception that BYD Japan is getting. Got a 100 minutes youtube clip
This is terrible press for Tesla in China
This is the future of legacy JV factories in China
I've said it for a while now. Do not be concerned with SAIC or these other Chinese automakers that relied on JV. Their factories will get bought out by BYD (or another EV maker) at a low cost and then transformed to produce cars that people actually want. There will be no job loss issues outside of overpaid execs.
Another possibility is for Huawei or Baidu to start new JVs with these failed legacy plants and make autonomous cars.
It is a little strange that Xiaomi poached a guy linked to mini ev. Seems like a strange market to get into.
More news from Chinese social media
BYD's Changzhou factory produced 55k cars in the first of this year (just started at end of last year, so has been ramping up until now). It produced 16k Yuan+ in June and will start producing Seal soon. Expected to surpass 200k in sales this year. So, expecting over 145k car in 2nd half, or 24k a month. Likely to hit 30k a month by December (maybe half and half with Yuan+ and Seal). The original plan was for Changzhou to produce 400k a year, so this is slowly ramping up there.
From podcast I listen to on CATL
- CATL is most likely still shopping for location right now. They leaked Mexico plants news to media to try to get better offers elsewhere.
- CATL likely offered good terms to secure contracts with Ford and Tesla so they can have guaranteed deals in America.
- Strange that CATL was picked for LFP by Ford -> indicates BYD was not a good partner for Ford when it came to NMC batteries (never made sense to me why Ford picked BYD for ternary batteries)
I think Mexico is good. They already have NAAFTA (or whatever it is called now) with the US which means that Mexico-manufactured vehicles can enter the American market.
This is good because setting up factories in America is aiding the enemy, while setting it up in Mexico it means we increase relations with them, and getting money from selling to the US without helping the enemy's industry/supply chain.
In addition with increased sales it means we capture their market and give American battery competitors a smaller available market to grab, grow and eventually become CATL's competitors
If Mexico has its own intra-state incentives rivalries where cities/counties/local-government offer more incentives to win FDI, then leaking the news to the media makes sense.
All in all, its all positive for CATL and Mexico. Especially that CATL wont build factory in the US
A CATL plant in the USA is subject to too much geopolitical risk.
Mexico is far friendlier and in worse case scenarios, the batteries can be exported to non-US countries or used in Mexican car plants.
How is a CATL plant in the USA more risky than in Mexico? The entire point of having a plant in Mexico is to serve the US market. I spent 2 5 day trips in Mexico City recently. Guess how many electric cars I saw? 1, just 1. The only reason you would have a battery factory in Mexico is to serve American cars.
The goal of Chinese battery manufacturers and car manufacturers is to have Chinese batteries in most American EVs and for Chinese cars to take over a large chunk of US EV market. They have to build factories in America to calm the political tension of this issue. That's why BYD has factories in California and Ontario.
A CATL plant becomes a visible lightning rod for anti-Chinese sentiment. Can you imagine protestors or politicians outside? And the risk of supplies to the plant being disrupted?
In the long run, Mexico will end up going with electric vehicles as well.
hmm, BYD has had a huge factory in Lancaster California for many years. It has the support of the local community and the support of Californian gov't. That entire region is buying BYD buses to support BYD. Americans love foreign companies building factories in America and creating jobs. Americans hate American companies shipping jobs abroad.
You don't need a battery factory in Mexico to be able to sell cars there.