SAIC's MG is a instantly recognisable brand, that with MG4 selling at a good price point and a very good car initself has made it very popular.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
I think Seagull production ramp up will happen pretty quickly. This is a clear winner and will just sweep through the A0 class market
update from Denza. Interesting part for me is planned N9 full sized SUV and sedans that target Benz-S class and Porsche Panamera. They are really going after the Germans here. But N7 to N9 seems to me will compete directly with Li Auto. So that will be an interesting battle
update from Denza. Interesting part for me is planned N9 full sized SUV and sedans that target Benz-S class and Porsche Panamera. They are really going after the Germans here. But N7 to N9 seems to me will compete directly with Li Auto. So that will be an interesting battle
Sweden achieved a 62% NEV penetration rate last month.
Here's the top-selling BEV models.
Volvo doing really well is expected, but I don't really count them given their long history in Sweden.
MG is the stand-out to me. BYD and others are still missing in action. With Chinese OEMs looking to build factories in Europe and Chinese battery makers building huge plants, I would hope we get more competition soon. Outside of Tesla, US carmakers are completely dead.
Europe remains a big opportunity for Chinese carmakers but so far, they seem a bit cautious. BYD has expanded more aggressively in ASEAN and Israel.
Here's the top-selling BEV models.
Volvo doing really well is expected, but I don't really count them given their long history in Sweden.
MG is the stand-out to me. BYD and others are still missing in action. With Chinese OEMs looking to build factories in Europe and Chinese battery makers building huge plants, I would hope we get more competition soon. Outside of Tesla, US carmakers are completely dead.
Europe remains a big opportunity for Chinese carmakers but so far, they seem a bit cautious. BYD has expanded more aggressively in ASEAN and Israel.
At the rate things are going, SAIC's MG may soon become an overseas focused brand.Sweden achieved a 62% NEV penetration rate last month.
Here's the top-selling BEV models.
Volvo doing really well is expected (local support), but MG is the stand-out to me. BYD and others are still missing in action. With Chinese OEMs looking to build factories in Europe and Chinese battery makers building huge plants, I would hope we get more competition soon. Outside of Tesla, US carmakers are completely dead.
Europe remains a big opportunity for Chinese carmakers but so far, they seem a bit cautious. BYD has expanded more aggressively in ASEAN and Israel.
MG barely sold 6000 units in the entirety of China in April. Meanwhile they're selling 1k units in a tiny country like Sweden.
SAIC's other brands (Roewe, Feifan, IM) are doing even worse.
I can foresee SAIC becoming a company of basically just MG exports + VW/GM joint venture
It also kind of makes me wonder if Chinese car companies should just buy a brand name like Mitsubishi to sell rebadged cars in Japan/US/Europe/India.
Looking at MG reviews, it feels to me like even though europeans know it is a completely Chinese car, they don't nitpick it like they do with other Chinese cars simply because of the logo.
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Lethe
Captain
Another update from Australia...
May 2023 Sales
MG (SAIC): 4828
GWM: 3241
LDV (SAIC): 2024
BYD: 1448
Chery: 584
MG finished 6th in sales for the month ahead of Mitsubishi, which is a new record, though the latter is still ahead YTD. I've seen one Chery Omoda 5 on the road and heard a radio advertisement.
YTD Rank, Sales, YoY Growth
MG (7th): 20676, +3%
GWM (13th): 13651, +123%
LDV (16th): 8490, +38%
BYD (22nd): 4664 N/A
Chery (34th): 1009 N/A
CPCA May NEV sales figures (include export). BYD has 35.6% market share
NIO launching new version of ET5 to the market. They really need these new variants to do well
NIO launching new version of ET5 to the market. They really need these new variants to do well
BYD signing cooperation with China merchants group to improve export logistics
Consolidation does not usually tend to occur when the sector is booming. It tends to occur when the sector is struggling to grow. It comes down to a choice of how best to allocate capital. More for R&D and manufacturing-related capital expenditures? Or more for corporate acquisitions? Right now the cost-benefit equation heavily favors R&D and manufacturing-related capital expenditures. When those become much less of a contributor to growing market cap/valuations/profits, the balance eventually tips in favor of buying up competitors. The exception to this is titans of industry buying up niche startups that give them a new foothold in IP/products/services that are not already in their portfolio.
If I had to take a guess, I would think you'll start to see real consolidation around 2030 (+/- 2.5 years).
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