I wrote up my thoughts on those Indian fanboys who are enamored with their own country & by some vague promise from their politicians that the great tesla is coming and going to build indian ev industry and export it everywhere
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
BYD has a major Lithium project in Nanning + also some capacity for iron phosphate. The project production of 30k ton/yr would be about 1/10 of the production of world's largest lithium producer Australia
BYD is entrusted to operated a new LFP cathode project by 四川蜀能矿产
BYD is getting its battery supply chain in order
BYD is getting its battery supply chain in order
BBA still looks okay, we'll see for how long
Now the Saudis are visiting BYD
They just keep coming
N7 deliveries have started
They just keep coming
N7 deliveries have started
Great thing about oversea investment is that it helps you get other orders too. Here BYD getting forklift orders in Thailand. And I'm sure it helps that they are producing cars there in the future
in general, it's going to be a huge change to have electric forklift over ICE ones
in general, it's going to be a huge change to have electric forklift over ICE ones
BYD exports around the world
definitely picking up everywhere
definitely picking up everywhere
As long as Germany remains in Xi's good grace, China will not target any German business interests. To the contrary, the recent VW and Audi deals with EVs were definitely nodded and winked from Beijing. One of those days, GM or Ford will become desperate in the EV race, it would be interesting if they could pull a similar deal in China. As I mentioned many months ago, EV is a total-eco-system solution, not ICE box business anymore. Xpeng has a total package, even though they are behind BYD, GAIC, SAIC, Li Auto etc. It becomes more and more clear on every single day that, outside Tesla, there is no meaningful competition against Chinese EV companies, worldwide.
So along that line, BBA should survive in China and muddle through the EV transition. Tesla is fine. The rest non-Chinese car makers are all up in the air.
Lol, regarding that VW deal with xpeng
Xpeng is not a bad choice. They have a complete software stack which VW so desperately needs. Xpeng "just" needed a lot of capital to scale up and keep up with the brutal competition in the Chinese EV market.
VW coming in and injecting much needed capital to Xpeng is a true win-win for all parties. Germany, China, VW, Xpeng
VW coming in and injecting much needed capital to Xpeng is a true win-win for all parties. Germany, China, VW, Xpeng