Interesting case of consolidation in the future for EVs where you have a common chassis mass produced by CATL and BYD and everyone else just plopping whatever shell they want on top. Very different dynamic from gasoline cars.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
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Tax credit is not the same as money up front. Just reduces your tax liability. Though I understand this will change for 2024.
Also pointing out the non uniformity of rebates across the country drives home the point of the other posters that EV adoption is not a uniformly national policy.
Plus you still need to add the up front charger hardware + installation cost.
There will always be dealer incentives for Toyota too, so it would be a wash. Generally, on average the Model 3 will still be a few thousand dollars more than the Camry. This is not chump change for a family. (Note: This is what I'm gathering just reading experiences/articles on the net)
GM does have Wuling in China and that is expanding into SEA. Ford has nothing. GM’s having huge battery production issues. I think the Cadillac Lyriq was actually on sale in China before the US, but it's sales are dismal because the deliveries are dismal. I do agree with the overall sentiment that the American automakers have a tough hill to climb in China and Asia as a whole. I think GM will end up leaning on SAIC more and more for EV's in Asia.
GM only has a 44% stake in Wuling.
And SAIC has its own fully-owned brands that it wants to focus on. Working with GM will just be a drag, particularly since politics will likely get in the way as well.
That feels like the smartphone industry.
supercat
Major
Geely's NEV brands are doing well.
The combined sales of BYD's Seagull, Dolphin, and Seal, all BEVs, exceeded 90,000 units in November, probably more than Tesla's total sales, which is usually in the 70,000s.
Fingers crossed for SAIC:
The only thing the US will achieve by "choking China" is to delay its own transition to EVs.
The combined sales of BYD's Seagull, Dolphin, and Seal, all BEVs, exceeded 90,000 units in November, probably more than Tesla's total sales, which is usually in the 70,000s.
Fingers crossed for SAIC:
The only thing the US will achieve by "choking China" is to delay its own transition to EVs.
The wording of the title is somewhat misleading, again in its typical style of demonizing anything China. It is "US", not "global". The Chinese EV eco-system has NOT yet count US as a significant market, precisely due to the geopolitical considerations.
byd seal has been launched in Mexico and it undercuts Model 3 pricing. Pretty good stuff. Now, if BYD can start building its own plant in Mexico
Everyone is offering big discount. Did you know that Huawei AITO M7 is still offering 27K rebate on top of the huge discount from last year to this year? Or that Luxeed S7 is offering 55K rebate on a 249k car? Or that Jidu Jiyue-01 just cut prices by 30k?
The problem right now is that sales for sub 200k market (which they dominate) has collapsed (in terms of sales number and store visits). I guess the prices/deals in 200-300k range are so good that people decided to splurge a little bit and buy the more expensive EVs
Anyways, I wrote about sodium Ion battery on substack. Very interesting to see SIB already going into production in consumer battery space and other areas