I love it when people try to seriously debate a facetious comment. More traffic for the forum.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
India is a large growing market. BYD need to be in there just as it needs to be in America unless it wants competitors to just blossom. The amount of investment they are putting into India is minimal. They are looking to add a second plant, because they want 40% of growing market.
Just think about all the companies that flocked to China for the market despite all the concerns with IP.
I think the idea is they want to shuffle production around so that Seal production can get to 25k a month. New plants are coming up, so they can handle the increases to Yuan+
btw, now we've seen right hand driving version of Dolphin. Should be sold in HK, Australia, Thailand and Japan. I think Dolphin will be a hot seller in these markets.
I don't think this article covers it all, but the idea is that they are expanding production in Thailand. As such, they will also need to build local supply chain in Southeast Asia. As Chinese automakers sell abroad, they will also localize more and more. The ASEAN economy/industries will only further get integrated with China.
Atto 3 in Nepal tomorrow
a lot of updates on this twitter account, but they are selling a lot of battery box in Europe right now with the solar panel boom.
supercat
Major
For Japan, South Korea, and Germany, export is a matter of life and death. It's not the case for Chinese automakers, because of the size of its domestic market. However, consolidations of Chinese automakers probably will be unavoidable in the future.
Top production models of NEV in China in September:
China's NEV penetration rates in September:
What happens when a domestic joint venture company can no longer offer competitive products of their own?
For example, BAIC and Dongfeng have pretty much been unable to make competitive products under their own brands, and are lagging way behind in engine and transmission technology. BAIC in particular has a terrible reputation that I don't think they will be able to recover from. Their recent forays into EVs are also half hearted and have low sales.
At this point, should they continue trying to make their own products? Or just stay as a holding company for their joint ventures? Or sell off their stake entirely to JV partners and redirect those funds toward other carmakers?
For example, BAIC and Dongfeng have pretty much been unable to make competitive products under their own brands, and are lagging way behind in engine and transmission technology. BAIC in particular has a terrible reputation that I don't think they will be able to recover from. Their recent forays into EVs are also half hearted and have low sales.
At this point, should they continue trying to make their own products? Or just stay as a holding company for their joint ventures? Or sell off their stake entirely to JV partners and redirect those funds toward other carmakers?
Maybe it is best to let those legacy giants fall, complacency should not be rewarded and instead those uncompetitive old giants should not be rewarded for their failures. They can limp along on their old market but EVs should be left to the new players who are able to innovate while remaining agile due to low level of existing infrastructure. Keeping uncompetitive companies alive through subsidies is how you get ford and GM who make shitty cars and are all but eclipsed by Japanese/Korean car makers.
China treats foreign companies way better and smarter than how India treats them. China draws in foreign companies, allows them to make money, reinvest their profits locally or abroad. India has been suspending Chinese apps randomly, and suspending xiaomi's bank accounts for some made up reason of tax evasion. Honor was smart enough to withdraw from India.
You mean like the GAC/Stellantis JV? Their factory will get sold out to the highest bidder. Who cares about these guys? Let BYD take their factory or I guess they can try forming JVs with BYD to stick around. If they haven't made anything of value up to this point, why would they suddenly learn how to make good cars?
Great, UK de-industrialization continues. I'm surprised anyone is still making cars in UK. That's gotta be so expensive.
meh, if you want to access the Indian market, you need to be dealing with risk. You can say India is unfairly going after Xiaomi, but Xiaomi has made a lot of money in India over the past 10 years. I don't see Xiaomi leaving India even with what's happened. BYD has been in India for many years. It's obviously willing to deal with the risks of operating in India.