New Energy Vehicles (NEVs) in China

Vuong just needs to manipulate 1% of VinFast's stock in order to stay rich on paper.
Big share-price swings were to be expected. Vuong controls 99% of VinFast’s stock, mostly through his business conglomerate, Vingroup JSC. That leaves a small fraction for other investors to trade, meaning that even relatively small transactions can have a big impact on the price.

BYD and Li's Auto have much better margin than Xpeng. Xpeng is under pressure to stay competitive.
Xpeng has worried financial markets with its sluggish sales and weak gross margins, which fell to as low as 1.7% in the first quarter of the year. The company was forced to delay its profitability target to 2025, and overhaul its internal management and product platforms as sales and shares plunged

Xpeng without that vw deal is probably dead

Anyhow, byd huge expansion ahead. This nanjing plant alone adds capacity for 2.4 million Bev

Byd building plant for 30k per year motorcycle plant

Byd partner cyngn got order for 100 ai forklift. Again, byd can do well in America without pvs

What do you know, byd also supplies parts for audi

Batteries range is 100 KM(62 miles) and most used by ride-hailing companies. There is no surprise that these EVs got discarded. Firstly, the advance of EV and batteries have given newer EV much longer range 500KM on a charge with new features and safety. Secondly, ride-hailing cars last between 3 to 5 years and doesn't matter if such cars were electric or not. The only difference is EV might require longer time to get disposed than traditional combustion vehicle due to lack of infrastructure to scrap and recycle them yet.
About a decade ago, encouraged by government subsidies, hundreds of automakers across China, both established players and startups, waded into electric-car manufacturing. They churned out huge numbers of early-stage EVs — relatively no-frills cars whose batteries in some instances could only run for around 100 kilometers (62 miles) on a charge.

Those vehicles were mostly bought by ride-hailing companies that leased them to drivers. “At the beginning of China’s EV market, delivery numbers were driven by car-sharing fleets,” said Young Huang, a senior analyst with JSC Automotive, a consultancy with offices in Shanghai and Stuttgart. “Only a few private customers chose to buy them.”

tphuang said:

Xpeng without that vw deal is probably dead

https://twitter.com/i/web/status/1692592275832918276

Anyhow, byd huge expansion ahead. This nanjing plant alone adds capacity for 2.4 million Bev

Click to expand...

I think VW would be wise to attempt a buy out of XPeng. They've got a good architecture and software, something VW lacks. Other traditional automakers might be looking into the same thing as that might be the smartest play by a number of traditional automakers right now. I think it'll also be political palatable for China to allow some 2nd tier automakers to merge with Western conglomerates to maintain business ties and avenues of export of Chinese parts. China doesn't need a dozen brands exporting whole vehicles, it just needs a few, but it would very much want most brands around the world to depend on Chinese design and parts.

As for BYD, I think they need to start working on efficiency. They might be already doing it, IDK, but now is definitely the right time. Capacity is obviously very important right now, but the pace of sales expansion will begin to slow within the next few years, and they'll need to improve manufacturing efficiency to continue to squeeze more value out of existing sales numbers. They're doing well in terms of keeping up with the tech, and obviously with vertical integration. If their manufacturing efficiency can also be world-leading the they'd be a truly durable juggernaut. This would likely require more automation and internal consolidation of brands and models.

KYli said:

Batteries range is 100 KM(62 miles) and most used by ride-hailing companies. There is no surprise that these EVs got discarded. Firstly, the advance of EV and batteries have given newer EV much longer range 500KM on a charge with new features and safety. Secondly, ride-hailing cars last between 3 to 5 years and doesn't matter if such cars were electric or not. The only difference is EV might require longer time to get disposed than traditional combustion vehicle due to lack of infrastructure to scrap and recycle them yet.

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

About a decade ago, encouraged by government subsidies, hundreds of automakers across China, both established players and startups, waded into electric-car manufacturing. They churned out huge numbers of early-stage EVs — relatively no-frills cars whose batteries in some instances could only run for around 100 kilometers (62 miles) on a charge.

Those vehicles were mostly bought by ride-hailing companies that leased them to drivers. “At the beginning of China’s EV market, delivery numbers were driven by car-sharing fleets,” said Young Huang, a senior analyst with JSC Automotive, a consultancy with offices in Shanghai and Stuttgart. “Only a few private customers chose to buy them.”

Click to expand...

Rofl reading this article I felt like it had a weird vibe to it, and at the end I realized the whole thing was basically just an "at what cost"-ing of the dominant state of China's current EV industry.

KYli said:

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.

Click to expand...

Problem is that 30% less cost of something expensive is still expensive. As you mentioned in the other post, XPeng is suffering (along with my portfolio) and without VW’s cash injection, might be scrambling to find a buyer in a few years.

Blitzo said:

Rofl reading this article I felt like it had a weird vibe to it, and at the end I realized the whole thing was basically just an "at what cost"-ing of the dominant state of China's current EV industry.

Click to expand...

I actually just feel like it’s trying to build off the “viral video” of the EV graveyard since that idiot YouTuber posted it (Basically high level clickbait). Although the very last quote is pure comedy gold.

The shared bikes and EV graveyards are a result of unconstrained capitalism

Click to expand...

Bloomberg magazine thinking it’s Mao’s Little Red Book or something, lol

supersnoop said:

Problem is that 30% less cost of something expensive is still expensive. As you mentioned in the other post, XPeng is suffering (along with my portfolio) and without VW’s cash injection, might be scrambling to find a buyer in a few years.



I actually just feel like it’s trying to build off the “viral video” of the EV graveyard since that idiot YouTuber posted it (Basically high level clickbait). Although the very last quote is pure comedy gold.



Bloomberg magazine thinking it’s Mao’s Little Red Book or something, lol

Click to expand...

The shared bikes and EV graveyards are a result of unconstrained capitalism

Click to expand...

Xi: I'm constraining it now but you guys still bitch and moan about me taking the country back to the cultural revolution era.

In other news:

BYD in Brazil, looks promising


CATL has 10 year agreement with Shaanxi auto group