New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Sanctions, tarrifs, accusation of slave labors, restrict import of crucial components, CO2 emissions for production are some tricks that will use to suppress china auto industry
pricing for Seal isn't bad, but according to Electric felix, it's actually above this in Dutch and misses out on subsidy. That seems a mistake. They need to understand local european market a little better
Denza D9 to showcase at Munich auto show
Wuling air in Africa, nice
Denza D9 to showcase at Munich auto show
Wuling air in Africa, nice
Not technically NEV but no other thread is appropriate, so here we are.
They are already in use, all along. The current state of auto affairs is everybody's surprise, including those Chinese central planners. Along that journey, foreign auto giants have been milking the China auto market while keeping their trade secrets to their chest. Local JV partners have been focusing on quick short-term results so that they could get their visibility and promotion. Since VW Santana landed in Shanghai circa 1984, it's been a long-gone conclusion that China has no hope of catching up in ICE core competence.
Then came the Chinese wisdom from its long history. If I cannot beat you, I am not going to join you either. Instead, I am going to find my way of playing my own game. So a top-down initiative was borne. Every western pundit and his/her cousin had been laughing at China's move toward electrification. None of them was friendly to China's undertaking.
As everything industrial transition indicated, when stars were all aligned up in a major market, something was bound to happen. So, MoS, MoII, BYD, CATL, ......
The most interesting episode of this China EV drama was that Li Qiang and Elon Must signed a literally-called "gambling agreement" between Shanghai Municipal Government and Tesla. And the rest is history.
So, that EV game is almost over. It is very rare in the industrial history that outsiders could overcome a dominant industrial ecosystem. Numbers are already here. Stars are all aligned up. Even a total economic embargo of US+EU+Japan would not change this anytime soon.
supercat
Major
52 Chinese companies in the auto industry will attend the IAA Mobility show in Munich this year, the largest auto show in Europe.
On the other hand, German automakers are doubling down in China. Audi, for example, will use SAIC's EV platform to launch 3 models.
Chinese NEV has a 78% market share in Indonesia last year.
CATL will manufacture their new fast-charging LFP batteries in Germany and Hungary, as well as China.
Look at what the German say, "European auto industry must change immediately to catch up with China". It'd be interesting if this is also the headline of the German source. I recall that, merely ten years ago, the Chinese public were still dissing the domestic auto makers for losing market shares to foreign competitors. Many, if not most, Chinese were hopeless on if China can ever close the gap in auto industry. "Market access for technologies does not always work" was the label on the domestic auto makers.
According to the McKinsey paper cited by the German source, European auto makers have lost 6% of market share in Europe since 2019. They have also lost 5% of the Chinese market in the same period. Chinese auto makers took 45% of the market at home in 2022. In Europe, the total market share by the Chinese brands have increased 8 times between 2020 and 2022.
The paper suggests European auto makers to invest more in China which will remain the largest auto market in the world. In China, the European brands need to study and cater the local buyers, not the aged Europeans at home. That means to do more R&D in China, give the local teams more power, and build partnership with the local suppliers.
According to the McKinsey paper cited by the German source, European auto makers have lost 6% of market share in Europe since 2019. They have also lost 5% of the Chinese market in the same period. Chinese auto makers took 45% of the market at home in 2022. In Europe, the total market share by the Chinese brands have increased 8 times between 2020 and 2022.
The paper suggests European auto makers to invest more in China which will remain the largest auto market in the world. In China, the European brands need to study and cater the local buyers, not the aged Europeans at home. That means to do more R&D in China, give the local teams more power, and build partnership with the local suppliers.
德媒援引麦肯锡报告称：欧洲汽车行业需尽快调整战略，才能缩小与中国差距
Journey series auto chips of for ADAS and just standard driving needs getting displayed at Munich auto show