New Energy Vehicles (NEVs) in China

T

tygyg1111

Captain
Registered Member
SteelBird said:
VinFast's shares dropped nearly 34 per cent, bringing the stock's total decline to 46 per cent in the past two sessions. VSF shares stands at 20 USD per share. The peak was 37 USD per share. This result in Mr. Pham Nhat Vuong, the CEO of Vinfast, who used to rank at 16 of the richest man in the world now drops to 57.

Please, Log in or Register to view URLs content!
Click to expand...
He shoulda sold the pump
 
H

Hell0w0rld

New Member
Registered Member
SteelBird said:
VinFast's shares dropped nearly 34 per cent, bringing the stock's total decline to 46 per cent in the past two sessions. VSF shares stands at 20 USD per share. The peak was 37 USD per share. This result in Mr. Pham Nhat Vuong, the CEO of Vinfast, who used to rank at 16 of the richest man in the world now drops to 57.

Please, Log in or Register to view URLs content!
Click to expand...
Who was stupid enough to buy at 37?
 
S

supersnoop

Major
Registered Member
Hadoren said:
I love how Anglo journalists use words like "further fueling concerns."

So terrible - a price war. A Tesla could become 20% cheaper. Or even worse, 50% cheaper.

Think about the damage to China's economy!
Click to expand...

To be fair, there are concerns from both investors and the industry (both within and outside of China).

The overall margins on EV manufacturing are still low as there are still a lot of capital costs associated with new plants. Tesla cutting prices is putting a lot of pressure on these already depressed margins. China already has the cheapest EVs, something like the Mustang Mach-E in China is already selling for 10K cheaper than in the US. Ford has already said it is not making money on EVs right now. The situation would be worse for Chinese startups.

For consumers, of course we will not complain.
 
K

KYli

Brigadier
supersnoop said:
To be fair, there are concerns from both investors and the industry (both within and outside of China).

The overall margins on EV manufacturing are still low as there are still a lot of capital costs associated with new plants. Tesla cutting prices is putting a lot of pressure on these already depressed margins. China already has the cheapest EVs, something like the Mustang Mach-E in China is already selling for 10K cheaper than in the US. Ford has already said it is not making money on EVs right now. The situation would be worse for Chinese startups.

For consumers, of course we will not complain.
Click to expand...
I do agree Tesla has put a lot of pressure on Chinese EV makers. We could see that these companies only response to Tesla prices cut a few months after Tesla prices cut but Tesla is able to response within 2 months.

However, EV battery costs have dropped somewhat as the price of Lithium declines. Tesla has said that EV cars cost 30% less to produce in China than the US. So even though the margin is low but Chinese EV makers probably can absorb more prices cut. It is just that Tesla is very aggressive in attempt to pressure Chinese EV makers especially as it doesn't have new models to compete and have better margin to use prices to compete.
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
tphuang said:
Please, Log in or Register to view URLs content!
a good article here on the 3 companies working on various ADAS chips in China. Horizon is the leader here

https://twitter.com/i/web/status/1692235805819904437
here is the market share for NOA cars in first half of the year

https://twitter.com/i/web/status/1692152592216850456
July MPV sales. Again, D9 is the leader

https://twitter.com/i/web/status/1692133762371407948
update from Denza Sales chief on N7 & N8 sales
Click to expand...

Trumpchi is #4???
 
You must log in or register to reply here.
Top