New Energy Vehicles (NEVs) in China

supercat

supercat

Major
coolgod said:
This accident is either a fault in Tesla's breaking system, or the CIA wants to send a reminder to China that they can still make any Tesla lose control whenever they want.
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Unintentional acceleration, if it's not caused by human error, can be caused by defects either in acceleration or braking.

tygyg1111 said:
An interview with the driver has been posted, with the driver stating that the brake pedal was 'locked' and he couldn't depress it.

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Again, it doesn't seem like the driver would have mistook the accelerator pedal for the brake (for 2 whole minutes) while the Tesla was careening out of control. Could be a catastrophic software bug.

I agree that there should be a huge public backlash against Tesla for this.
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If the brake pedal was stuck and could not be pressed down (otherwise the brake lights would be on), then that would be a serious and uncommon (but not unheard of) mechanical defect in modern cars, and would be a devastating blow to Tesla's reputation.

While the Electric Viking dumped all his shares of Nio, mainly because he dislikes the fact that Nio will have too many models, George Soros, of all people, bought more Nio stock. Several months ago, Nio was subjected to an attack by short sellers, and its finance was put under intense scrutiny, and no major problem was found at that time. Anyway, the worst thing can happen is that Nio will be consolidated with another Chinese automaker.

China's NEV penetration is 24.5% so far this year.
https://twitter.com/i/web/status/1592333526330114048

The popularity of China's NEV is growing across the board now, from small towns to mega cities.
https://twitter.com/i/web/status/1592505249558065152
 
coolgod

coolgod

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supercat said:
Unintentional acceleration, if it's not caused by human error, can be caused by defects either in acceleration or braking.


If the brake pedal was stuck and could not be pressed down (otherwise the brake lights would be on), then that would be a serious and uncommon (but not unheard of) mechanical defect in modern cars, and would be a devastating blow to Tesla's reputation.

While the Electric Viking dumped all his shares of Nio, mainly because he dislikes the fact that Nio will have too many models, George Soros, of all people, bought more Nio stock. Several months ago, Nio was subjected to an attack by short sellers, and its finance was put under intense scrutiny, and no major problem was found at that time. Anyway, the worst thing can happen is that Nio will be consolidated with another Chinese automaker.

China's NEV penetration is 24.5% so far this year.
https://twitter.com/i/web/status/1592333526330114048

The popularity of China's NEV is growing across the board now, from small towns to mega cities.
https://twitter.com/i/web/status/1592505249558065152
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The top brake light was on for some time, as shown in one of the video scenes.
 
tphuang

tphuang

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supercat said:
While the Electric Viking dumped all his shares of Nio, mainly because he dislikes the fact that Nio will have too many models, George Soros, of all people, bought more Nio stock. Several months ago, Nio was subjected to an attack by short sellers, and its finance was put under intense scrutiny, and no major problem was found at that time. Anyway, the worst thing can happen is that Nio will be consolidated with another Chinese automaker.
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NIO is a disgrace for China. If any automaker deserves to get consolidated, it is NIO. The idea that a business like this continues to rack up huge debt and act like nothing bad will happen to them is ridiculous. At their current trajectory, nobody will even want to buy them out and be saddled with all the debt to pay back.
 
tphuang

tphuang

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New plant for BYD in Xuzhou, Jiangsu province.

https://twitter.com/i/web/status/1592713924394487809

It's impressive how quick and easy building new battery factory is for BYD. They are spending 10 billion RMB for a factory of 30 GWh. To put things into perspective, LG Chem is building a factory of 40 GWh in Ohio for $4.4 billion. Things are just several times cheaper when done in China by BYD.
 
mossen

mossen

Junior Member
Registered Member
AndrewS said:
I recall NIO was supposed to be doubling production/sales to 20-25K per month for next month
That would support a way out to eventual profitability
But if their sales have cratered, that is a huge problem.
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Both NIO and Xpeng nearly went bankrupt not so long ago, but got capital infusion from a couple of Chinese provinces if memory serves. If they were to fail, I don't think it says much about the Chinese auto sector. Building new car companies at scale is exceptionally hard. Before Tesla, the last mainstream carmaker was Ford. I'm not counting niche companies that only create a few supercars.

It is a very capital-intensive business. BYD built up their advantage in batteries before starting to make EVs. Huawei had other businesses before they went into EVs. NIO and Xpeng have no such fallback. Even Tesla nearly went bankrupt - twice! - before they became steadily profitable.

The odds are simply not in favour of car start-ups and China has many of them. Several will probably have to die at some point.
 
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