New Energy Vehicles (NEVs) in China

henrik

Senior Member
Registered Member
US politicians are ready to dump all over NASDAQ and NYSE. Their pursuit of the Ukraine war and China trade war is a good sign of it. US government doesn't give 2 craps about EV because their alternative is just to keep making ICE cars.

One thing BYD does have is more political clout. As you mention, they have the union shop, it is never acceptable to close a union shop. Beyond that, they seem to have a lot of political connections because a lot of politicians keep talking about “potential economic benefits” of working or buying BYD. Huawei never had this support.



India is unbelievable. Chinese companies are the only ones left willing to invest in the Indian minefield and you do your best to drive them out. Worse yet, the lower cost of Chinese machinery can provide a larger industrial base at a lower capital investment.



If you caught it, MINI EV (that is the "British" one) will only be made in China starting next year.

Again BYD should be very careful about selling anything in India. The Indians did this tax evasion claims on Xiaomi and Honor aleady.
 

tphuang

Lieutenant General
Staff member
Super Moderator
VIP Professional
Registered Member
BYD in Thailand with Atto 3 off to a roaring start.

They just got a new piece of land in Shaanxi for producing parts for NEVs.

In Fuzhou, they have new project with 8 billion RMB to produce motor system and car modules and other parts. Will begin work in 2023.

A new humongous project in Shenzhen (for final assembly?) that is just 3 km away from the new RoRo car dock that they are building. Basically as soon as cars get off the production line, they can head toward the dock to be shipped out.

I believe this is for shen-shan industrial zone's second phase. First phase just came online and produces parts of NEVs
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second phase was signed earlier this year to produce parts for 600k NEVs
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Phase 1 investment was 5 billion RMB. Phase 2 is 20 billion RMB.

fyi, this is the dock next to Shenshan industrial zone.
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First shipment was in April, they are really expanding this dock to support the larger export operation.

One more thing, BYD's gross margin on cars higher than all its domestic rivals in China
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BYD reported significantly stronger profitability than its peers with a gross margin of 22.75% in the third quarter, followed by Changan’s 17.4%, SAIC’s 9.6%, and GAC’s 4.6%, while Huawei-backed Seres is still losing money.
And this is only going to get higher as their more expensive cars get added to the lineup and more exports happen.
 
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supercat

Major

It's quite worrying for XPeng and NIO.
I think It's probably too early to tell. China's NEV industry really needs consolidations. After that, only BYD and 3 or 4 other conglomerates will remain, hopefully all vertically integrated like BYD, and have the financial backings of China's digital and other business champions such as Huawei, Baidu, Alibaba, and Douyin etc etc. By that time Tesla probably will have a hard time to undercut any of them.

Partially solar powered ultra-fast charging station:

Zeekr 009 was just officially released. There are two versions, one with CATL's Qilin battery pack. Both versions have dual motors, with a combined motor power of 400 kW/536 Hp, a torque of 686 nM/506 lb-ft, and a acceleration of 4.5 second from 0-100 km/h (62 miles/h). They also come with air-suspension that adjusts automatically.
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Personally, I like its profile with the short frontoverhang:
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Interior picture
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