New Energy Vehicles (NEVs) in China

supercat

supercat

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If China can sell 6 million EVs 2022, the penetration rate will almost certainly exceed 25%.
https://twitter.com/i/web/status/1551738272828821509

In China, even heavy diesel vehicles, such as sanitation trucks and cement mixers are being electrified:
https://twitter.com/i/web/status/1551859550017703936

Today's example why the "Uyghur law" won't work: FAW (owner of the Hongqi sub-brand) will build electric sports cars in Italy in cooperation with an American company.

Silk-FAW confirms plan to build electric sports cars in Italy​

MILAN, July 25 (Reuters) - Silk-FAW, a start-up of U.S. automotive engineering and design firm Silk EV and Chinese automaker FAW
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, said on Monday it would press ahead with a plan, worth over one billion euros ($1.02 billion), to build electrified cars in Italy.
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P

PanAsian

Major
tphuang said:
you mean song+? All the dynasty series have pure EVs IIRC. However, Song+ DM-i is the most popular domestic PHEV. Since, they have a few couple of BEV models that are getting exported over the next couple of years, they don't need to also export Song+ EV.

If you look at Seal and Dolphin, they are both designed with export market also in mind.
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I agree in terms of the Song+ SUV, but my confusion is about the Song Max MPV which I know has a DMi version but there doesn't appear to be an EV.
 
tphuang

tphuang

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PanAsian said:
I agree in terms of the Song+ SUV, but my confusion is about the Song Max MPV which I know has a DMi version but there doesn't appear to be an EV.
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I have not seen anything about song max recently. I can only assume that it's not a major part of their plans.
 
H

henrik

Senior Member
Registered Member
AndrewS said:
That is not the correct conclusion. Back then, France and Germany did account for a much higher proportion of global economic output. Their home markets were comparatively much larger AND were amongst the highest income levels.




Here's the problem though. Vietnam doesn't have the incomes nor population to support a large diversified auto industry which is competitive.

2021 sales in Vietnam were only 300K vehicles in total for all types of car.
In comparison, a typical car factory produces 200K-300K vehicles per year of 1-2 types.
So Vietnam can't even support a single "standard-sized" car factory.
Tesla factories are even bigger and range from 500K-1200K vehicles per year.

The Vinfast factory in Vietnam has a capacity of 250K vehicles per year.
But they only sold 36K cars in 2021 and lost $1 Billion doing this. So they're only using 15% of the capacity of the factory.

Now, if Vietnam really had a really protected home market, then maybe one day Vinfast could grow large enough to be competitive.
But Vietnam is actually part of the ASEAN free trade zone and there are no import tariffs on cars from these countries.

And just next to Vietnam is Thailand which is an existing automotive hub that produces 2 million vehicles per year
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VinFast is probably like the Faraday hype. The founder of China's LeTV streaming, also founded Faraday EV. But LeTV had expanded into too many other areas, like smartphones and laptop computers. The whole LeTV ecosystem just crumbled.
 
tphuang

tphuang

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Auto sales in China for 3rd week of July
total 423k
NEV 105k 24.75%

BYD 33,646
FAW-VW 36,997
SAIC-VW 27,825
GAC-Toyota 20,728
FAW-Toyota 21,704
ChangAn 24,462
Geely 19,717
GWM 14,265

the NEV% is a little low because Tesla shutdown production for first couple of weeks of July.
 
SteelBird

SteelBird

Colonel
henrik said:
They are going to build a factory in the US.


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I think VinFast is no way a threat to Chinese EV, in stead, they are road opener/path paver for Chinese EV or EV components into US market. I believe VinFast uses Chinese batteries and other components as well. Mr. Vuong (the owner of VinFast) starter cannot make everything by himself, neither there's enough supply chain in his home country.
 
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GodRektsNoobs

Junior Member
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I think Vietnam is studying the rise of South Korea closely and has determined that the only way for it to succeed is to put the weight of the entire nation behind a few large conglomerates akin to what SK did with Samsung, LG, and Hyundai. Vingroup appear to be the most promising result coming from this strategy. Now, I have doubts since Vingroup is a real estate company first and foremost, but it does mean that they can sustain losses in their automotive division for quite a while. Also, it seems that South Korea did manage to create a global automotive industry despite having a very small home market.
 
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