New Energy Vehicles (NEVs) in China

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supersnoop

Major
Registered Member
Michael90 said:
Ahah...true. However, i think eventhough India has targeted Chinese companies, they do use legal means. So these Chinese companies shoulf have done something illlegal in the first place, but i think if they were not Chinese India wouldnt care much. But since its China they follow throuh
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Not entirely true, Indian governments’ (plural because you have both regional and national issues) also chased out GM and Ford out of the country.

Maruti Suzuki has the longest running JV then Hyundai. Even the relatively successful Suzuki JV has had issues including the murder of an executive by striking workers.
 
tphuang

tphuang

Lieutenant General
Staff member
Super Moderator
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ansy1968 said:
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.
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This is why you are not a CEO. You can't handle losses from a calculated risk but a successful business has to be able to do that. You have to weigh risk and rewards. China maybe the least risky market but it is also the most competitive for Chinese automakers. Companies are often selling at cost to keep their market share.

The export sales are often 70 to 120% more expensive than domestic prices. As of now, India is the largest export market for byd. So if you think byd can just ignore that and not take any risks, you are badly mistaking.

In fact, even if it does not build a new factory there, it will still continue to sell there.
 
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Michael90

Junior Member
Registered Member
Lethe said:
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
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Seems BYD isn't doing that well in Australia. Long way to go for Chinese homegrown EV brands to challenge Tesla for real outside China. BYD should be the most promising one to do so.
 
Lethe

Lethe

Captain
Michael90 said:
Seems BYD isn't doing that well in Australia. Long way to go for Chinese homegrown EV brands to challenge Tesla for real outside China. BYD should be the most promising one to do so.
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Ultimately it is a matter of perspective, but I think BYD is doing quite well in Australia. Atto 3 has consistently been the best-selling non-Tesla EV since launch. Australia has been slower to adopt electrification than most comparably wealthy and developed nations. Only 8% of vehicles sold last month were EVs and that is both a new record, and a dramatic increase over the ~3% rates recorded across 2022. So for BYD to come in as an almost unknown brand, offering a single EV model, and to generate sales numbers comparable to Honda, is rather impressive.

The sales success of MG and GWM demonstrate that the Australian market is willing to accept Chinese vehicles in significant numbers, while Tesla's recent success demonstrates that the market is opening up to electrification. Both bode well for BYD's prospects in the years ahead as brand familiarity increases and the model range is built out. In 2019 MG finished in 20th position with 8300 sales for the year. Today they are in 7th position, having sold 32,000 vehicles over the first 7 months of the year, and are on track to overtake Mitsubishi* for 6th position (although they may both be overtaken by Tesla). Things change quickly.

* This is significant because Mitsubishi has been one of the "big six" brands in the Australian market for many years. We have Toyota as the apex predator, and then five second-tier brands: Mazda, Kia, Hyundai, Ford, Mitsubishi. The latter, with a relatively limited model range that is sold at least partly on superior value proposition, always looked the most vulnerable of that group, and so it is coming to pass.
 
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Michael90

Junior Member
Registered Member
Lethe said:
Ultimately it is a matter of perspective, but I think BYD is doing quite well in Australia. Atto 3 has consistently been the best-selling non-Tesla EV since launch. Australia has been slower to adopt electrification than most comparably wealthy and developed nations. Only 8% of vehicles sold last month were EVs and that is both a new record, and a dramatic increase over the ~3% rates recorded in 2022. So for BYD to come in as an almost unknown brand, offering a single EV model, and to generate sales numbers comparable to Honda, in its first year on sale, is impressive.

The sales success of MG and GWM demonstrate that the Australian market is willing to accept Chinese vehicles in significant numbers, while Tesla's recent success demonstrates that the market is opening up to electrification. Both bode well for BYD's prospects in the years ahead as brand familiarity increases and the model range is built out. In 2019 MG finished in 20th position with 8300 sales for the year. Today they are in 7th position, having sold 32,000 vehicles over the first 7 months of the year, and are on track to overtake Mitsubishi* for 6th position (although they may both be overtaken by Tesla). Things change quickly.

* This is significant because Mitsubishi has been one of the "big six" brands in the Australian market for many years. We have Toyota as the apex predator, and then five second-tier brands: Mazda, Kia, Hyundai, Ford, Mitsubishi. The latter, with a relatively limited model range that is sold at least partly on superior value proposition, always looked the most vulnerable of that group, and so it is coming to pass.
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Yes , i didnt mention MG because its mostly because it is a British brand though acquired by China and people are still familiar with it due to that, hence its normal the legacy carries on from that. Similar to TATA of India buying jaguar/land Rover which has been quite successful in the west. So i wouldnt rate India much because of that. Reason i said among "homegrown "Chinese brands that i see only a select few like BYD is quite impressive since they have always relied in their own brands to dominate the market in China and now expanding abroad, instead of relying on buying western brand names they built their own, instead of so called Joint ventures with western brands in China(more like subcontractors for western brands) they relied on themselves to grow. Reason i think they have been so resilient and have a culture of inhouse brand building/innovation and scale. I still believe they will be the main threat to Tesla globally. So yeah they have done quite well so far even overseas.
 
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