New Energy Vehicles (NEVs) in China

final tally for December among Norway, Sweden, Spain and Netherlands
close to 2000 for BYD with over 1600 Atto 3. Both Norway and Sweden over 900 deliveries.

pevade said:

I'm quite worried that the VinGroup would end up becoming a massive conglomerate like Samsung and create a tiny ultra wealthy Vietnamese Chaebol-like class. These massive conglomerates would be terrible for Vietnam's long term sustainability.

Click to expand...

I think that was the ultimate goal for Vietnam. It has been studying the rise of South Korea eagerly, and believes that a country of its size, given the late start, could only become successful through diverting all of its resources into a few mega-conglomerates.

GodRektsNoobs said:

I think that was the ultimate goal for Vietnam. It has been studying the rise of South Korea eagerly, and believes that a country of its size, given the late start, could only become successful through diverting all of its resources into a few mega-conglomerates.

Click to expand...

Conglomerates work during the initial stages of development because large companies have the financial and other resources to expand into growth sectors.

In comparison, small and medium companies don't have access to the same low-cost funding or personnel, and there aren't the supporting services/companies/infrastructure in place

---

But in the longer-term, conglomerates become more inefficient and the economy develops so that you can have companies which can focus on specific sectors.

And look at South Korea today, which is dominated by a few chaebols who effectively control the elected government through money politics, and stifle any new competition in the economy

Anyway, back on topic

A lot of Dec sales numbers getting announced. So a basic summary:
- Neta did the worst, huge drop
- Leap Motor and XPeng both struggled in Dec/Q4 in general, not looking so great
- NIO did hit 15k, but far below what they originally announced. Blame it on COVID. If they can't get the sales up in Q1, I think we can put them in the same category as XPeng
- Li Auto did well with over 20k in sales, including 10k+ in both L8 and L9. Some optimism here with L7 going on sale in February.
- Huawei/AITO did okay, nothing great.
- Zeekr actually did see another bump, they are a dark horse to watch
- GAC Aion with over 30k deliveries. That's really good.

major OTA here with BYD Tang. Many upgrades that I mention here in the tweet. Tang is the highest priced BYD model car.

a lot of these lower priced EVs have no choice but to swallow the end of subsidies in the face of fierce pressure. Not everyone is BYD and can just increase prices. Just wait, BYD will introduce new 2023 models that have more features and increase price that way like it did with Dolphin.

Eventually, I think it needs to discontinue certain uncompetitive lower priced model like Qin.

Is this good news or bad news for China's EV?

tphuang said:

good video on Dolphin. I think he makes a good point about range. this is not just a city car. City car will come out next year in the form of Sea Gull. Dolphin will be a normal car that's great for couples, singles and small families. Great for entry level.

Click to expand...

A dolphin model that dont look ugly?

Here is the december delivery numbers from BYD. Looks like they were really affected by the COVID spike. The production and delivery numbers barely increased from November. January has Chinese New Year and is likely the tail end of the COVID wave. As such, sales number is likely to stay flat for another month. I'd expect February to be the first month we see a jump in production numbers and then sales numbers to steadily climb to 300k per month in March/April. I think 4.5 million is probably the ceiling for the full year (given the likely Q1 issues)

Yangwang R1, the hardcore off-road SUV of BYD's premium brand, will be unveiled on Jan. 5.

Here is a spy picture:


A rendering:


It can do an on-spot 360 degree "tank turn":

While it's good for showing off on paved roads, "tank turn" may not be such a idea for muddy trials: