IMO partnering with other major brands is the way forward for a lot of Chinese EV companies. It's the best way to skirt protectionism and deglobalization. Integrate into every part of the supply chain, even if there are high levels of protectionism you can still license the architecture and tech. As long as the market isn't a lawless racket like India, there can be a lot of money made.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
IMO partnering with other major brands is the way forward for a lot of Chinese EV companies. It's the best way to skirt protectionism and deglobalization. Integrate into every part of the supply chain, even if there are high levels of protectionism you can still license the architecture and tech. As long as the market isn't a lawless racket like India, there can be a lot of money made.
Song L to be launched this year
I was hoping it come before Q4, but that looks unlikely
I was hoping it come before Q4, but that looks unlikely
the growth of seagull, such a fantastic car. bingo has also done well despite the competition. I think the sales limit here is just how much they can produce.
Lethe
Captain
An update from Australia:
MG recorded 5347 sales in July (6th), ahead of Mitsubishi for the third month in a row but still trailing YTD. YTD sales are 32,039 (7th), up 16% YoY.
GWM recorded 2564 sales in July (12th). YTD sales are 20,112 (12th), up 88% YoY.
LDV recorded 1374 sales in July (18th). YTD sales are 12,624 (16th), up 50% YoY.
BYD recorded 1005 sales in July (20th). YTD sales 7201 (21st).
Chery recorded 651 sales in July (24th). YTD sales 2263 (32nd, brand only launched in April)
If you add SAIC brands MG and LDV together, SAIC is tied with Hyundai for 5th position (though of course one could argue that Hyundai and Kia should also be grouped together which would make them #2 behind Toyota). Tesla continues to be the runaway success story of 2023 with 29,511 sales YTD (8th, up 534% YoY) and could well overtake both MG and Mitsubishi in the near future.
BYD 2023 monthly sales (all Atto 3s):
January: 267
February 2023: 770
March 2023: 1061
April 2023: 1118
May 2023: 1448
June 2023: 1532
July 2023: 1005
Chery 2023 sales since launch (all Omoda 5s)
April: 425
May: 584
June: 603
July: 651
MG recorded 5347 sales in July (6th), ahead of Mitsubishi for the third month in a row but still trailing YTD. YTD sales are 32,039 (7th), up 16% YoY.
GWM recorded 2564 sales in July (12th). YTD sales are 20,112 (12th), up 88% YoY.
LDV recorded 1374 sales in July (18th). YTD sales are 12,624 (16th), up 50% YoY.
BYD recorded 1005 sales in July (20th). YTD sales 7201 (21st).
Chery recorded 651 sales in July (24th). YTD sales 2263 (32nd, brand only launched in April)
If you add SAIC brands MG and LDV together, SAIC is tied with Hyundai for 5th position (though of course one could argue that Hyundai and Kia should also be grouped together which would make them #2 behind Toyota). Tesla continues to be the runaway success story of 2023 with 29,511 sales YTD (8th, up 534% YoY) and could well overtake both MG and Mitsubishi in the near future.
BYD 2023 monthly sales (all Atto 3s):
January: 267
February 2023: 770
March 2023: 1061
April 2023: 1118
May 2023: 1448
June 2023: 1532
July 2023: 1005
Chery 2023 sales since launch (all Omoda 5s)
April: 425
May: 584
June: 603
July: 651
Honestly didn't know that cars also use LAN inside.
In4ser
Junior Member
It’s the cost of doing business in India to deal with local politics and pay off corrupt bureaucrats. Chinese companies will no doubt continue to do business so long as the cost/benefit analysis show adequate profit margins.
The risk is these companies will become frogs slowly boiled alive. The issue is that it’s not one off shakedown for bribes but a repeating pattern that will only increase as bad behavior gets rewarded. My hope is that these Chinese companies are smart enough to “de-risk” Indian scheming accordingly. As the cost of doing business goes up, compartmentalize and reduce the amount of work Indians employees do but pay them the same so they don’t complain, at the same time move the actual labor and materials be via Chinese imports.
By the time operations become unprofitable or the Indians do foreclose, they get a bunch of lazy and entitled workers with very limited knowledge and technology to pilfer. Use Indian inefficiency and corruption against them…
The risk is these companies will become frogs slowly boiled alive. The issue is that it’s not one off shakedown for bribes but a repeating pattern that will only increase as bad behavior gets rewarded. My hope is that these Chinese companies are smart enough to “de-risk” Indian scheming accordingly. As the cost of doing business goes up, compartmentalize and reduce the amount of work Indians employees do but pay them the same so they don’t complain, at the same time move the actual labor and materials be via Chinese imports.
By the time operations become unprofitable or the Indians do foreclose, they get a bunch of lazy and entitled workers with very limited knowledge and technology to pilfer. Use Indian inefficiency and corruption against them…
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Bro EV is a growth industries so it's better for BYD to look at other market rather than bog down in frustration and money in India. I understand Xiaomi situation with intense competition in a stagnant market they have to go into India to do business.
In4ser
Junior Member
I agree but neither you nor I have any real say in that process. The fact that they choose India means that there is some logic or need to do so that we armchair commentators are ignorant of and can do nothing but hope for the best.
Like it, hate it, Indian market is 3rd largest in the world, and the one with the most growth globally.
China is already sort of screwed out of the second-largest one (US).