New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Lethe
Captain
Just a quick chart:
For 2022 I have extrapolated full year sales linearly from those for the first ten months. Obviously the real numbers will be different, but probably not dramatically so. As discussed, BYD has just landed here. Chery is also apparently returning to Australia soon, and GWM apparently plans to bring some vehicles from its Tank and Ora brands here also.
For reference, Toyota is by far the #1 brand here with 220k vehicles sold last year. #2 for the last few years has been Mazda with around 100k sales, then you have Kia/Hyundai/Mitsubishi/Ford fighting for positions #3 through #6 with 60-80k sales each. MG is on track to finish 2022 below this group in #7 with ~45k sales.
MG's success in Australia has been built from the following ingredients:
1. Residual familiarity with historical British MG brand.
2. Cheapest car in Australia (MG 3)
3. Cheaest PHEV in Australia (MG HS PHEV)
4. Cheapest EV in Australia (MG ZS EV)
5. Good stock availability at a time when many other brands are struggling to deliver vehicles.
6. Rapid expansion of dealership network, benefiting from the closure of many GM Holden dealerships occurring around the same time.
7. No "shoots self in foot" incidents like LDV and perhaps BYD have experienced.
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It annoys me how he mislabeled a bunch of the pictures though:
"Interior of the BYD Han sedan on display at the 2022 Paris Motor Show" [Shows picture of BYD Atto 3 interior).
"The BYD SEAL sedan on display at the 2022 Paris Motor Show" [Shows picture of BYD Atto 3 interior]
He's seriously selling the Han short since the interior is WAY nicer looking than the Atto 3.
Nothing to do with CN chips,hw,or sw 
Kevin Williams
The stereotype of Chinese cars being , was definitely based in reality at one point, but how many of y’all have actually had firsthand experience with modern Chinese vehicles? I found myself at the 2022 with the chance to get some real-world seat time with Chinese cars we don’t get in the U.S. I wanted to see, truly, if fat meat was greasy; are Chinese OEMs as good (or as bad) as everyone says? One of China’s largest automakers, BYD, let me look at, sit in and even drive one of its EV offerings, the BYD Atto 3. Let me tell you something right now:
Every western automaker should be scared of what BYD is capable of in the EV space.
An acronym for “Build Your Dreams,” BYD started out making rechargeable batteries for cell phones and other electronics in the early ‘90s. The brand pivoted to making cars 2003, beginning with cloned Toyota models powered by old Mitsubishi engines from the late 1980s. BYD managed to rise from the 13th-largest automaker in China to the top three in a single year, and has backing from such big-name investors as Warren Buffet.
I drove the all-electric BYD Atto 3. It was just as good as some American EVs — if not better.
ByKevin Williams
The stereotype of Chinese cars being , was definitely based in reality at one point, but how many of y’all have actually had firsthand experience with modern Chinese vehicles? I found myself at the 2022 with the chance to get some real-world seat time with Chinese cars we don’t get in the U.S. I wanted to see, truly, if fat meat was greasy; are Chinese OEMs as good (or as bad) as everyone says? One of China’s largest automakers, BYD, let me look at, sit in and even drive one of its EV offerings, the BYD Atto 3. Let me tell you something right now:
Every western automaker should be scared of what BYD is capable of in the EV space.
An acronym for “Build Your Dreams,” BYD started out making rechargeable batteries for cell phones and other electronics in the early ‘90s. The brand pivoted to making cars 2003, beginning with cloned Toyota models powered by old Mitsubishi engines from the late 1980s. BYD managed to rise from the 13th-largest automaker in China to the top three in a single year, and has backing from such big-name investors as Warren Buffet.
A bunch of BYD updates.
Today, BYD's new commercial Vehicle plant in Jiangsu Huaian started construction. Will produce 200k commercial vehicles and start production in July 2023.
BYD continues to just add more factories around Anhui. They are taking over there. In Hefei, the first phase of their car plant is now producing 1000 cars a day. It's producing Qin+ Dm-i, Qin+ EV, Yuan+
Yuan+ standard range in Thailand launched and it's selling for 1.09999 million THB -> 218k RMB. That's not bad price at all. Among cheapest price outside of China. Long range version launched at 1.19999 million RHB -> 237k RMB back at Oct 10.
Price for French market got released.
43.69k to 46.69k EUR for Atto 3! That is really expensive. I'm thinking the demand must be really high for them to raise prices this much from 38k EUR that was announced originally.
Han and Tang both saw their prices lowered to 70.8k EUR. Still seem quite expensive.
Today, BYD's new commercial Vehicle plant in Jiangsu Huaian started construction. Will produce 200k commercial vehicles and start production in July 2023.
BYD continues to just add more factories around Anhui. They are taking over there. In Hefei, the first phase of their car plant is now producing 1000 cars a day. It's producing Qin+ Dm-i, Qin+ EV, Yuan+
Yuan+ standard range in Thailand launched and it's selling for 1.09999 million THB -> 218k RMB. That's not bad price at all. Among cheapest price outside of China. Long range version launched at 1.19999 million RHB -> 237k RMB back at Oct 10.
Price for French market got released.
43.69k to 46.69k EUR for Atto 3! That is really expensive. I'm thinking the demand must be really high for them to raise prices this much from 38k EUR that was announced originally.
Han and Tang both saw their prices lowered to 70.8k EUR. Still seem quite expensive.
This is all you need to know about the China market. Competition is too tough. Before, everyone can survive by undercutting to get sales. Now, the competition is BYD, so it is very cruel.
XPeng for you
ouch, G9 has 1 to 2 months of orders left. Not great for them
Denza brand update:
- We will have to wait until 2023 for 2 sedan models to get launched
- Over 30k order for D9 and they expect to deliver over 12k this year
- Average price is 410k RMB
- Spent 500 million RMB to build sales network and have 267 experience center/store front in 117 cities. Quite the Capex outlay for next year.
- goal is to sell 300k in this segment every year.
I highly respect Wang Chuan Fu for doing that, in his home province. Among all tier-2 provinces, Anhui is probably in the best position for manufacturing companies to expand or relocate. It is in the Yangtze River Delta and it is not nearly as expensive as Jiang Su or Ze Jiang. Like Huawei, BYD is building its coverage in all three advanced regions: Pearl River Delta, Yangtze River Delta and Beijing-Tianjing-Hebei Triangle, which combined already rival the US in marketing senses. Chinese car brands are traditionally regional. If BYD builds into a true national brand like Huawei, BYD will be well on its way to become a top-5 global car brand.
supercat
Major
It seems that some American commentators finally overcame their hubris and acknowledged the unequivocal rise of China's auto industry.
Now Elon Musk wants to export made-in-China Tesla to the U.S. But he was one of those who lobbied the Trump regime to raise tariff on Chinese cars in 2018.