It’s because they bought the car before the price cut. Now they want refund.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Xpeng's "land aircraft carrier" type certificate application was accepted by the Civil Aviation Administration of China and will soon enter the airworthiness certification stage ..
According to reports, the Type Certificate (TC) is an approval of the model design of civil aviation products (civil aircraft, aircraft engines or propellers), and is issued by the Civil Aviation Administration of China (CAAC) in accordance with the "Civil Aviation Products and Parts Certification Regulations" 》 (CCAR-21) is a certificate issued to civil aviation product design units to prove that the civil aviation products they develop comply with corresponding airworthiness regulations and environmental protection requirements. The acceptance of this TC application represents the bureau’s recognition of Xiaopeng Huitian’s comprehensive capabilities and project feasibility.
Xiaopeng Huitian's "Land Aircraft Carrier" flying car is divided into two parts: a "land body" and a "flying body" that can be automatically separated and combined. The land body can completely store the flying body into the car and drive on the ground. The TC application accepted this time is the flying body part. It is the first manned pure electric vertical take-off and landing aircraft developed for individual users in China. It uses a distributed electric propulsion system to meet single-point failure safety requirements and is available in manual/automatic versions. Driving mode, with a 270° panoramic double cockpit.
The land vehicle of the "land aircraft carrier" is an intelligent cockpit for 4-5 people, equipped with an extended-range electric drive system , which can replenish energy for the flying body multiple times. The whole vehicle adopts a three-axle and six-wheel design, which can achieve 6X6 all-wheel drive and rear-wheel steering, with good load-bearing capacity and off-road capability. It will be reported and certified in accordance with the national mandatory automobile standards.
According to previous official disclosures, Xpeng's split flying car "Land Aircraft Carrier" will be available for pre-order in the fourth quarter of this year, and mass production and delivery is scheduled to begin in the fourth quarter of next year . If successfully realized, it means that the "land aircraft carrier" will become the world's first split-type flying car mass-produced and delivered to individual users.
Xpeng's "land aircraft carrier" type certificate application was accepted by the Civil Aviation Administration of China and will soon enter the airworthiness certification stage ..
According to reports, the Type Certificate (TC) is an approval of the model design of civil aviation products (civil aircraft, aircraft engines or propellers), and is issued by the Civil Aviation Administration of China (CAAC) in accordance with the "Civil Aviation Products and Parts Certification Regulations" 》 (CCAR-21) is a certificate issued to civil aviation product design units to prove that the civil aviation products they develop comply with corresponding airworthiness regulations and environmental protection requirements. The acceptance of this TC application represents the bureau’s recognition of Xiaopeng Huitian’s comprehensive capabilities and project feasibility.
Xiaopeng Huitian's "Land Aircraft Carrier" flying car is divided into two parts: a "land body" and a "flying body" that can be automatically separated and combined. The land body can completely store the flying body into the car and drive on the ground. The TC application accepted this time is the flying body part. It is the first manned pure electric vertical take-off and landing aircraft developed for individual users in China. It uses a distributed electric propulsion system to meet single-point failure safety requirements and is available in manual/automatic versions. Driving mode, with a 270° panoramic double cockpit.
The land vehicle of the "land aircraft carrier" is an intelligent cockpit for 4-5 people, equipped with an extended-range electric drive system , which can replenish energy for the flying body multiple times. The whole vehicle adopts a three-axle and six-wheel design, which can achieve 6X6 all-wheel drive and rear-wheel steering, with good load-bearing capacity and off-road capability. It will be reported and certified in accordance with the national mandatory automobile standards.
According to previous official disclosures, Xpeng's split flying car "Land Aircraft Carrier" will be available for pre-order in the fourth quarter of this year, and mass production and delivery is scheduled to begin in the fourth quarter of next year . If successfully realized, it means that the "land aircraft carrier" will become the world's first split-type flying car mass-produced and delivered to individual users.
How they came up with something simultaneously uglier and dumber than the cyber truck is beyond me.
OK, that makes sense. There is indeed a good volume of sale of SAIC under MG brand. I stand corrected.
Geely unveiling Galaxy E5, which will be followed by L5 later
BYD partnering up with BBVA in Mexican market for financing
BYD partnering up with BBVA in Mexican market for financing
Personally, I doubt the usefulness of joint ventures in gaining technology. After all, Chinese car joint venture partners utterly failed to build good gas cars for decades. Actually, is there a single case in which a joint venture propelled a Chinese company to become a leader in any industry? I can't name any off the top of my head.
I also am highly skeptical that a SAIC joint venture will create an Indian Toyota or BYD. Does anybody really think this is realistic?
Let's look at the smartphone industry. Chinese smartphone manufacturers have been building phones in India for more than a decade. Where's the Indian Oppo/Vivo, the Indian Xiaomi, the Indian Huawei? They don't exist, and maybe they never will. (Or when the Indian Huawei does come, it occurs far after the reunification of Taiwan and with a China multiple times stronger than even today.)
I also am highly skeptical that a SAIC joint venture will create an Indian Toyota or BYD. Does anybody really think this is realistic?
Let's look at the smartphone industry. Chinese smartphone manufacturers have been building phones in India for more than a decade. Where's the Indian Oppo/Vivo, the Indian Xiaomi, the Indian Huawei? They don't exist, and maybe they never will. (Or when the Indian Huawei does come, it occurs far after the reunification of Taiwan and with a China multiple times stronger than even today.)
JV helped build up skilled worker base that helped eventual innovation. I dont know if India can do the same but best not plan around opponents being stupid.
When china receives a foreign object, it would dis assembled an study. When India receives the same object , it would use it without reading the manual. That is why western countries have no problem selling them engines etc.
What is more concerning is that 49% of a big business could worth nothing because 51% call all shots
What is more concerning is that 49% of a big business could worth nothing because 51% call all shots
so, there will be more deals like this with Indian companies in the future. I think you should all mentally prepare for that.
It begs the question of what is actually being exchanged here. basically, Indian govt wants 51% ownership so indians are in charge of the JVs. But in reality, China still controls the technology and where to source the parts from. So, you are going to end up building factories where all the tooling and production robots and such come from China. All the metals and many of the simpler parts will be made in India. All the really meaty stuff like software, central computer, battery cells & a lot of chips and such will come from China. SAIC doesn't make those things anyways. This just forces the EVs to use China's supply chain.
So what are you transferring to India when it comes to tech? Well, Chinese auto industry is really good at this thing called setting up automated plant and achieving maximum efficiency. Now since Indian labor is cheap, you will probably not want to set up the most automated plant there. There are other things you can do locally like battery packs and such.
It begs the question of what is actually being exchanged here. basically, Indian govt wants 51% ownership so indians are in charge of the JVs. But in reality, China still controls the technology and where to source the parts from. So, you are going to end up building factories where all the tooling and production robots and such come from China. All the metals and many of the simpler parts will be made in India. All the really meaty stuff like software, central computer, battery cells & a lot of chips and such will come from China. SAIC doesn't make those things anyways. This just forces the EVs to use China's supply chain.
So what are you transferring to India when it comes to tech? Well, Chinese auto industry is really good at this thing called setting up automated plant and achieving maximum efficiency. Now since Indian labor is cheap, you will probably not want to set up the most automated plant there. There are other things you can do locally like battery packs and such.
What people are worried about is whether the Indian partner will have the ability to transfer tech to Indian companies, eg pressure SAIC or its Chinese suppliers to give up technology to a local Indian supplier.
For such concerns it doesn't really matter whether SAIC holds 49% or 50% or 75%. Who holds the power on such matters in the JV depends on the terms they agree on. You could have just 10% stake and hold veto power over every decision. It's pretty rare for a 49% stakeholder to actually have zero say.
The problem is I don't trust SAIC to carve a good deal. The Indian government holds all the power in this deal, and SAIC despite being an SOE is not really known for advancing strategic industrial interests of the state. Who knows if they'll try to cut losses by giving up Chinese tech for pennies at the detriment of other companies.
For such concerns it doesn't really matter whether SAIC holds 49% or 50% or 75%. Who holds the power on such matters in the JV depends on the terms they agree on. You could have just 10% stake and hold veto power over every decision. It's pretty rare for a 49% stakeholder to actually have zero say.
The problem is I don't trust SAIC to carve a good deal. The Indian government holds all the power in this deal, and SAIC despite being an SOE is not really known for advancing strategic industrial interests of the state. Who knows if they'll try to cut losses by giving up Chinese tech for pennies at the detriment of other companies.