Tesla is now Chinese .. LAMOO
New Energy Vehicles (NEVs) in China
- Thread starter supercat
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Tesla is now Chinese .. LAMOO
I don't see that a 50% market share limit in China due to limited raw material supplies.
Based on BYD's targets of 280k/month in Dec 2022 and 5 million sales next year, you end up with a production increase of over 280k/month by Dec 2023. Given the trend of flat/declining auto sales everywhere, the BYD increase by itself pushes Chinese new car sales to 50% electric.
So what about battery production from the other manufacturers, such as CATL or Gotion?
Comments?
Apparently Stellantis CEO complained about unfair competition and once again called for tariffs on Chinese cars at Paris Auto Show which Macron attended, and where BYD made a big splash
I will be looking forward to Stellantis cars getting destroyed by BYD
I will be looking forward to Stellantis cars getting destroyed by BYD
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Here's a cleantechnica article on the battery subsidies which are separate to the $7500 tax credit.
cleantechnica.com/2022/09/23/the-really-big-battery-deal-in-the-ira-that-people-are-missing/
Remember that Tesla cars use Panasonic 2170 cells made in the USA.
The 4680 cells are made by Tesla themselves in Texas, so it's not a huge leap to cut China out of this supply chain.
Reuters article below on Tesla battery pack costs. If you work backwards, you end up with the following pack levels costs:
Current 2170 cells: $146 per KWh (maximum)
Current 4680 cells: $109 per KWh
2023 Target for 4680 cells: $73 per Kwh
reuters.com/business/autos-transportation/inside-teslas-drive-keep-musks-battery-promise-2022-09-06/
Light vehicle retail sales in the US = 14.9 Million in 2021. Hence the comment on 15 million vehicles.
Note that there are 1-3 million Tesla cybertruck pre-orders so far and that the F-150 electric pickup is selling and getting good reviews.
Also remember that the President has to approve any repeal of legislation as well. So there's at least 2 years where companies will have sunk in large investments and they will be able to sue for loss of earnings. That will come to billions if the EV subsidies are revoked.
Overall, I think the battery and EV subsidies are a good thing for the US and the world, as it will accelerate the adoption of clean energy.
If the US wants to provide cheap batteries for its domestic sales, that's fine. China will be fine no matter what the US does.
It's the European, Japanese and Korean automakers who will really suffer from the IRA. They have to go with the Chinese supply chain, otherwise they're going to lose their global sales, which are far more important than their US sales.
If the US wants to provide cheap batteries for its domestic sales, that's fine. China will be fine no matter what the US does.
It's the European, Japanese and Korean automakers who will really suffer from the IRA. They have to go with the Chinese supply chain, otherwise they're going to lose their global sales, which are far more important than their US sales.
Read the other link I sent you. It would still appear to be part of the $3750 that is related to the material of the battery.
There $3750 for the material behind the battery and another $3750 for the production of battery itself.
Production is in the USA, but the minerals, refineries, anode, cathode and all of that are just not in America. There is very little of that/if any in America.
and that cost will be higher when they have to invest in refineries, anode, cathode and the rest produced in America. Only China has the volume production in these supply chains. The Koreans and Japanese all rely on Chinese supply chain for battery production. That's why they are protesting it.
Again, there is a fixed $ on how much money is available. If you think $10k is available per car, then the number of cars that gets covered will be really small. Remember, $369 billion for all clean energy stuff. There is also a section for used car purchases. If $50 billion of subsidies is available for this, you can do your own calculation of how many cars can get covered before the money runs out.
I'm also not going to waste my time debating you on this anymore.
So, this part is concerning if you are Tesla. You exported 54k out of 71k production in October and cut your prices. After that, you still have to insurance discounts.
It looks like the announcement for the super premium brand has been pushed back. actually, been disappointed recently at how many expected BYD launches have been pushed back
Week 1 sales in November. This is a pretty big number for first week of the month For BYD. I think they are going to hit close to 250k this month. On the flip side, XPeng, Li Auto, LeapMotor and Neta are all blow 2500. That is really sad. At least Geely looks to be picking up.
October car sales from Israel
BYD at #9 in its first month of sale with 466 and Geely at 7 with 606.
BYD signs deal with Xuzhou gov't for new battery plant
Wuhu city officials visiting BYD to check things out. The 40 GWh battery factory already in production. They are also planning a new rail it seems like with BYD. Maybe this is another SkyRail project For BYD.
Nanning SkyRail is almost complete.
It looks like the announcement for the super premium brand has been pushed back. actually, been disappointed recently at how many expected BYD launches have been pushed back
Week 1 sales in November. This is a pretty big number for first week of the month For BYD. I think they are going to hit close to 250k this month. On the flip side, XPeng, Li Auto, LeapMotor and Neta are all blow 2500. That is really sad. At least Geely looks to be picking up.
October car sales from Israel
BYD at #9 in its first month of sale with 466 and Geely at 7 with 606.
BYD signs deal with Xuzhou gov't for new battery plant
Wuhu city officials visiting BYD to check things out. The 40 GWh battery factory already in production. They are also planning a new rail it seems like with BYD. Maybe this is another SkyRail project For BYD.
Nanning SkyRail is almost complete.
I've posted this link already on semiconductor thread, but some important points here with regard to NEVs.
These are the basics you need to have successful AV.
Again, very strong emphasis on not just EV but AV
5 major trend for smart driving: 1) Providing safety 2) using advanced chips for AV development 3) data driven service upgrade 4) centralized electrical architecture 5) high bandwidth internal/external web.
These are the basics you need to have successful AV.
BYD claims to release the world's first 6nm 5G chip. I have no idea who is producing it. Other details like IGBT/MCU are things they can procure on their own.
BYD developed China's first domestic automotive operating system with decoupled software/hardware layer. BYD OS system covers intelligent car control, supports cross platform usage, hardware plug&play, continuous OTA upgrades. They also developed DiLink Intelligent web system. This covers intelligence hardware, intracar network, cloud communication, information fusion, AI/big data technology.
I have. Your link isn't wrong, but it only covers the EV sales tax credit of $3750+$3750.
There is an additional battery manufacturing tax credit. See the Yahoo/Bloomberg writeup below which references UBS.
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The bill also contained a less-talked-about manufacturing tax credit that subsidizes battery cell and pack production. Analysts at UBS believe this support “has the potential to make the US a global EV battery hub.”
The tax credit consists of $35 per kilowatt hour for battery cell assembly, and another $10 per kWh for battery packs. In a report authored by 21 analysts last month, UBS estimated that battery cell prices were hovering around $140 per kWH, meaning the tax credit will cover 25% to 30% of total cell manufacturing costs.
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finance.yahoo.com/news/democrats-supercharged-ev-investment-while-110005420.html
This is great. Chery has now surpassed 1 million car sold for this year. They are still light on NEVs, but they are doing a great job of exporting a lot of this cars around the world. It will be interesting to see what happens to them as BYD continues to take over the Chinese market.
They are trying to ramp production up to 200k NEVs in Indonesia by 2028, quite a lofty goal and a huge investment. This is the 3rd major NEV plant from Chinese automaker in Indonesia this year after Wuling and Dongfeng.
so a little over 20% of their sales are NEVs now
They are trying to ramp production up to 200k NEVs in Indonesia by 2028, quite a lofty goal and a huge investment. This is the 3rd major NEV plant from Chinese automaker in Indonesia this year after Wuling and Dongfeng.