I have a NSFW idea of what the last "O" stands for
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
maybe they just like the sound, doesn't really have to mean anything
BYD Atto 3 is coming to Indonesia soon and I think a plant will be announced soon
BYD finding new export route, building export infrastructure through Shandong also. btw, the rail between jinan and Qingdao is one of the oldest in China. Built by the Germans over 100 years using shipment coming in at Qingdao. Now, it's still using port near qingdao, but going outward
Thailand EV market penetration over 14% in Sep and BYD is 47% of that
A little more on MMW radar, I was wrong earlier. RB1 MMW Radar is also 77 GHz, but for side. RF1 is the 77 GHz radar facing front. But it's interesting that the demand from BYD is so high that it still has to buy from other suppliers.
Back at start of 2021, 90% of MMW radar was imported
if you look at that, BYD demand for MMW radar in 2022 was around 2.3 million. That's on 1.8m sales, so more than 1/car. Most higher end cars have 3 radar. importantly here is that cars using 3 MMW radar has grown to 34.3% and 5 radar has increased to 15.67%
619.6k BYD cars in 2022 had 3 radars
BYD Atto 3 is coming to Indonesia soon and I think a plant will be announced soon
BYD finding new export route, building export infrastructure through Shandong also. btw, the rail between jinan and Qingdao is one of the oldest in China. Built by the Germans over 100 years using shipment coming in at Qingdao. Now, it's still using port near qingdao, but going outward
Thailand EV market penetration over 14% in Sep and BYD is 47% of that
A little more on MMW radar, I was wrong earlier. RB1 MMW Radar is also 77 GHz, but for side. RF1 is the 77 GHz radar facing front. But it's interesting that the demand from BYD is so high that it still has to buy from other suppliers.
So ChangTech is growing really fast. Already got to 1million by August and hoping to reach 2million in a few month. It will have 3 production bases in Shenzhen, Suzhou and Chongqing -> capacity of 10million/year. make > 2.5B RMB/yr
Back at start of 2021, 90% of MMW radar was imported
if you look at that, BYD demand for MMW radar in 2022 was around 2.3 million. That's on 1.8m sales, so more than 1/car. Most higher end cars have 3 radar. importantly here is that cars using 3 MMW radar has grown to 34.3% and 5 radar has increased to 15.67%
619.6k BYD cars in 2022 had 3 radars
This is what I call replacement & de-risk. First, BYD uses foreign radars like from Bosch & Veoneer and then it replaced them with domestic supplier in ChengTech. And then once Fudi develops its own, BYD uses Fudi radars. It already supplied 1 million radars in 2022, almost all of BYD's side radar demand
what i like about ChengTech is how they focus on de-risking. 95% of components are domestic, including the SoC and PCB, probably the most important parts.
they supply 50 mass produced cars and are involved in 80 ADAS project
The next domino is 4D imaging radar.
out of what they are selling (in the first 1million radar), 70% is front facing and 30% side. Likely, the technical level of side radar is quite low, so BYD and other domestic mmW radar suppliers can also do it (lot more competition)
they supply 50 mass produced cars and are involved in 80 ADAS project
Goal is to get cost cheap enough (<$50) so 4D MMW Radar can enter the 100-150k RMB mass market
interesting here. so 4D radar penetration domestically is close to 0. So everyone starting at same spot (domestic & abroad)
The next domino is 4D imaging radar.
another domestic player is 均普智能
Ningbo Pia Automation
Ningbo Pia Automation
so they are producing 4D imaging radar for delivery to Dongfeng & Zeekr. goal is to first get to 1.44m radar capacity. They are also looking to build Europe factory for supplying Toyota and Stellantis
looks like they reached also reached 1million Lidar production capacity and formed partnership with Bosh last November. I will look into these guys more later
More on BYD/Fudi's efforts
They started in 2016 and developed first 24GHz in 2017 and start installing in cars after testing. Kept going toward 77GHz and developed RB-1 side radar after a year. Now, hit 1million delivery in just 2022
RF-1 is their new product. I will look more into this too
They started in 2016 and developed first 24GHz in 2017 and start installing in cars after testing. Kept going toward 77GHz and developed RB-1 side radar after a year. Now, hit 1million delivery in just 2022
RF-1 is their new product. I will look more into this too
so word out now on why Huawei managed to get so many orders today. It's 10% off special ended today. All it took was 5k RMB to lock down the price. Order can be canceled later, so not as impressive as first sounded
BYD visiting Chile and meeting with Boric. Brazil is next.
Interesting that Boric is meeting with WCF first and then going to China