New Energy Vehicles (NEVs) in China

S

supersnoop

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Registered Member
B.I.B. said:
There seems to be some internet chat that Volvo are going to make ICE cars again.
Click to expand...

Volvo never stopped, and they said earliest is 2030 to stop anyway.

Well, the EV adoption in North America has slowed significantly due to the financial situation (high interest rates since most cars are financed) and slow ramp up of EV production (a lot to do with politics), these two are keeping the prices of EVs high overall. On top of this, charging infrastructure is quite slow to be implemented.

There has even been talk of returning the Chevy Volt PHEV
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Meanwhile Toyota is patting itself on the back
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However, I think the praise for Toyota is a bit misplaced. Most publications are not making the distinction between PHEVs and regular hybrids. Toyota only has 2 PHEVs (RAV4 and Prius, and the current Prius Prime lacks AWD which is a big seller now), and PHEVs are what people are really looking for. This is why Li is such a big seller in China (technically a ER-EV, but for practical purposes, the same) and BYD still developing newer DM models.

So even if EV adoption slowed down, the PHEV market is still wide open, Toyota is not particularly better positioned than most other automakers. In fact, coming back to Volvo somewhat, parent Geely's JV with Renault is to expand ICE and PHEV powertrain development and production, so it can take advantage of that through corporate synergy.

edit: some additional info
Also forgot to mention, Renault is also in an equity tie up with Nissan and Mitsubishi as well, so the JV is also expected to provide technology for them
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In Canada, the Mitsubishi Outlander PHEV is actually a record seller for them.

Right now most PHEVs in North America are ~50 Km or less for EV range, so if they can get this number up to 100+ Km like the Qin L in China, this is a big opportunity.
 
Last edited:
tankphobia

tankphobia

Senior Member
Registered Member
supersnoop said:
Volvo never stopped, and they said earliest is 2030 to stop anyway.

Well, the EV adoption in North America has slowed significantly due to the financial situation (high interest rates since most cars are financed) and slow ramp up of EV production (a lot to do with politics), these two are keeping the prices of EVs high overall. On top of this, charging infrastructure is quite slow to be implemented.

There has even been talk of returning the Chevy Volt PHEV
Please, Log in or Register to view URLs content!

Meanwhile Toyota is patting itself on the back
Please, Log in or Register to view URLs content!

However, I think the praise for Toyota is a bit misplaced. Most publications are not making the distinction between PHEVs and regular hybrids. Toyota only has 2 PHEVs (RAV4 and Prius, and the current Prius Prime lacks AWD which is a big seller now), and PHEVs are what people are really looking for. This is why Li is such a big seller in China (technically a ER-EV, but for practical purposes, the same) and BYD still developing newer DM models.

So even if EV adoption slowed down, the PHEV market is still wide open, Toyota is not particularly better positioned than most other automakers. In fact, coming back to Volvo somewhat, parent Geely's JV with Renault is to expand ICE and PHEV powertrain development and production, so it can take advantage of that through corporate synergy.

edit: some additional info
Also forgot to mention, Renault is also in an equity tie up with Nissan and Mitsubishi as well, so the JV is also expected to provide technology for them
Please, Log in or Register to view URLs content!

In Canada, the Mitsubishi Outlander PHEV is actually a record seller for them.

Right now most PHEVs in North America are ~50 Km or less for EV range, so if they can get this number up to 100+ Km like the Qin L in China, this is a big opportunity.
Click to expand...
I think the popularity of EVs also often tracks with global fuel prices, when petrol is cheap the premium you pay for a EV seems a lot less attractive, PHEV is the best of both worlds since it still benefits from EV efficiency gains without commanding the same price.

Fuel prices peaked late 22 and has been relatively stable since, that could be why demand for EV is slowing.

I might hazard a guess that's why Seal U will be a PHEV first in Australia as they are forecasting a cool down in EV market.
 
H

henrik

Senior Member
Registered Member
supersnoop said:
Volvo never stopped, and they said earliest is 2030 to stop anyway.

Well, the EV adoption in North America has slowed significantly due to the financial situation (high interest rates since most cars are financed) and slow ramp up of EV production (a lot to do with politics), these two are keeping the prices of EVs high overall. On top of this, charging infrastructure is quite slow to be implemented.

There has even been talk of returning the Chevy Volt PHEV
Please, Log in or Register to view URLs content!

Meanwhile Toyota is patting itself on the back
Please, Log in or Register to view URLs content!

However, I think the praise for Toyota is a bit misplaced. Most publications are not making the distinction between PHEVs and regular hybrids. Toyota only has 2 PHEVs (RAV4 and Prius, and the current Prius Prime lacks AWD which is a big seller now), and PHEVs are what people are really looking for. This is why Li is such a big seller in China (technically a ER-EV, but for practical purposes, the same) and BYD still developing newer DM models.

So even if EV adoption slowed down, the PHEV market is still wide open, Toyota is not particularly better positioned than most other automakers. In fact, coming back to Volvo somewhat, parent Geely's JV with Renault is to expand ICE and PHEV powertrain development and production, so it can take advantage of that through corporate synergy.

edit: some additional info
Also forgot to mention, Renault is also in an equity tie up with Nissan and Mitsubishi as well, so the JV is also expected to provide technology for them
Please, Log in or Register to view URLs content!

In Canada, the Mitsubishi Outlander PHEV is actually a record seller for them.

Right now most PHEVs in North America are ~50 Km or less for EV range, so if they can get this number up to 100+ Km like the Qin L in China, this is a big opportunity.
Click to expand...

You mixed up between EREV and PHEV. Li Auto cars are so popular in China is because Li cars are mostly EREV Extended Range EVs.
Does toyota even offer EREV?
 
tphuang

tphuang

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