New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Seriously, why are they surprised? Lol
The US has made it plainly clear that they don't want new Chinese investment in the country even more so in this sector. How many more times does it need to be said before Chinese companies understand this? Lol Even a mere license technology provider like CATL deal with Ford is still facing scrutiny and rejection. So that goes to show others are even more unlikely funny enough, the only thing the Democrats and Republicans despite all their disagreements can agree on is China. So think Chinese companies should understand this. Lol I know the US market is so big and attractive for them but its unfortunate that geopolitics has gotten in the way of busines.
supercat
Major
The US is filled with sclerotic ideologues like the USSR before its implosion. The US cannot compete with China in many fields of emerging technologies anymore.
Geely's Zeekr brand will file an IPO in New York soon. Geely is the owner of Volvo, Polestar, and Lotus. The sales of its NEV divisions in China are improving recently. I don't think Zeekr's widening loss is a major problem.
Geely Farizon SuperVan, which has advanced drive-by-wire system, received pre-sale order from the Iceland, as well as the Ireland.
lol, T5DM platform used for RVs
man, BYD's motor platforms are so flexible.
man, BYD's motor platforms are so flexible.
results from Dongchedi's test on various infotainment system shows that N7 & Song+ EV had the top performance
Another strike against huawei fanboys who spend all their time on Chinese social media bashing BYD's software
Another strike against huawei fanboys who spend all their time on Chinese social media bashing BYD's software
"China is expected to become a key participant in Morocco's electric vehicle industry and contribute to Morocco's industrialisation process," Li wrote in an article on November 1 marking the 65th anniversary of bilateral diplomatic relations.
Observers said Morocco's proximity to Europe, abundance of , tax incentives and free-trade agreements with both the EU and the US have attracted a growing number of Chinese companies to build supply chains there, so as to strengthen China's leadership in the .
For instance, Chinese battery parts maker CNGR Advanced Material announced in September it was teaming up with Moroccan private investment fund Al Mada to build a US$2 billion industrial base.
Sino-German Gotion High-Tech also plans to build a US$6 billion factory in Morocco to produce electric car batteries and energy storage systems.
Youshan, the subsidiary of China's biggest cobalt refiner Huayou, is partnering with South Korea's LG Chem to build a lithium iron phosphate (LFP) cathode materials plant in Morocco for the US market.
Among the first companies to break ground in the Tangier Science and Technology City was Qingdao Sentury Tyre Company, which has pumped nearly US$300 million into building a factory there. It recently signed a 20 hectare (49.4 acre) land purchase contract for the site, Li said.
By setting up a factory, the Chinese tyre company is looking to meet growing demand from while taking advantage of Morocco's prime geographic positioning for easy distribution to Europe.
Morocco is already a major vehicle manufacturing hub for European giants Stellantis and Renault, producing about a million units per year.
They are based in Kenitra, about 200km south of Tangier and 40km north of Moroccan capital Rabat, where the Atlantic Free Zone plays host to a large number of major vehicle and parts makers.
Rabat is now positioning itself as an EV manufacturing hub - and Chinese companies are at the centre of the ambitious plans.
Abdelmonim Amachraa, a Moroccan specialist on sustainability and global value chains, said as a key market for EVs, Europe is a strategic destination for Chinese companies looking to quickly supply their customers.
He said China's expansion of global value chains in countries like Morocco can help Beijing get closer to European carmakers and the European market, reducing transport distances and electric vehicle production costs.
The strategic partnership between China and Morocco therefore represents the second stage of the African automotive ecosystem, he added.
"Morocco has successfully connected Africa to Europe through its dynamic automotive sector. France and Germany are excellent partners, and American companies also have a significant presence. Now, the question is whether Morocco can serve as a pivot between Asian value chains and Europe while strengthening China's leadership in the electric vehicle sector," he said.
Dr John Calabrese, a senior fellow at the Middle East Institute, said the Pan-Euro-Mediterranean (PEM) agreement gives Morocco the ability to export into the European Union on a tariff-free basis.
"And Morocco also has a free-trade agreement with the United States," Calabrese said.
Last year Morocco announced the of lithium in the area bordering Mauritania and is also home to the world's largest phosphate reserves. This makes it a "natural" candidate for the construction of LFP battery plants, Calabrese said.
"Moroccan scientist Rachid Yazami and his team have apparently developed a way to substantially reduce EV battery charging time," Calabrese said. "It looks as though Asian EV producers recognise that Morocco is the 'complete EV package' for penetrating the European and American markets - and are competing with each other for a piece of the action."
Zakia Subhan, head of Middle East and Africa Forecasting, and David Leah, a senior analyst at Powertrain Forecast, both part of LMC Automotive, said Morocco's free-trade agreement with both the EU and the US puts Chinese companies in a more favourable position to benefit from subsidies under the US Inflation Reduction Act, as well as policies in relation to the EU's Critical Raw Materials Act.
Observers said Morocco's proximity to Europe, abundance of , tax incentives and free-trade agreements with both the EU and the US have attracted a growing number of Chinese companies to build supply chains there, so as to strengthen China's leadership in the .
For instance, Chinese battery parts maker CNGR Advanced Material announced in September it was teaming up with Moroccan private investment fund Al Mada to build a US$2 billion industrial base.
Sino-German Gotion High-Tech also plans to build a US$6 billion factory in Morocco to produce electric car batteries and energy storage systems.
Youshan, the subsidiary of China's biggest cobalt refiner Huayou, is partnering with South Korea's LG Chem to build a lithium iron phosphate (LFP) cathode materials plant in Morocco for the US market.
Among the first companies to break ground in the Tangier Science and Technology City was Qingdao Sentury Tyre Company, which has pumped nearly US$300 million into building a factory there. It recently signed a 20 hectare (49.4 acre) land purchase contract for the site, Li said.
By setting up a factory, the Chinese tyre company is looking to meet growing demand from while taking advantage of Morocco's prime geographic positioning for easy distribution to Europe.
Morocco is already a major vehicle manufacturing hub for European giants Stellantis and Renault, producing about a million units per year.
They are based in Kenitra, about 200km south of Tangier and 40km north of Moroccan capital Rabat, where the Atlantic Free Zone plays host to a large number of major vehicle and parts makers.
Rabat is now positioning itself as an EV manufacturing hub - and Chinese companies are at the centre of the ambitious plans.
Abdelmonim Amachraa, a Moroccan specialist on sustainability and global value chains, said as a key market for EVs, Europe is a strategic destination for Chinese companies looking to quickly supply their customers.
He said China's expansion of global value chains in countries like Morocco can help Beijing get closer to European carmakers and the European market, reducing transport distances and electric vehicle production costs.
The strategic partnership between China and Morocco therefore represents the second stage of the African automotive ecosystem, he added.
"Morocco has successfully connected Africa to Europe through its dynamic automotive sector. France and Germany are excellent partners, and American companies also have a significant presence. Now, the question is whether Morocco can serve as a pivot between Asian value chains and Europe while strengthening China's leadership in the electric vehicle sector," he said.
Dr John Calabrese, a senior fellow at the Middle East Institute, said the Pan-Euro-Mediterranean (PEM) agreement gives Morocco the ability to export into the European Union on a tariff-free basis.
"And Morocco also has a free-trade agreement with the United States," Calabrese said.
Last year Morocco announced the of lithium in the area bordering Mauritania and is also home to the world's largest phosphate reserves. This makes it a "natural" candidate for the construction of LFP battery plants, Calabrese said.
"Moroccan scientist Rachid Yazami and his team have apparently developed a way to substantially reduce EV battery charging time," Calabrese said. "It looks as though Asian EV producers recognise that Morocco is the 'complete EV package' for penetrating the European and American markets - and are competing with each other for a piece of the action."
Zakia Subhan, head of Middle East and Africa Forecasting, and David Leah, a senior analyst at Powertrain Forecast, both part of LMC Automotive, said Morocco's free-trade agreement with both the EU and the US puts Chinese companies in a more favourable position to benefit from subsidies under the US Inflation Reduction Act, as well as policies in relation to the EU's Critical Raw Materials Act.
NIO Adam computer teardown
NIO clearly has no desire for cost control
NIO clearly has no desire for cost control
Having gulf states swarmed with Chinese vehicle will do wonders for Chinese brand values. For rich people words from people in same social circle is worth more than ads.
Do you think this platform a new class for top end luxury vehicle, or will it trickle down and improve existing class?
I mean this is for their mass market models