New Energy Vehicles (NEVs) in China

Gloire_bb

Gloire_bb

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MrCrazyBoyRavi said:
What a utter waste of resources with all these new companies making new EV, ultimately going bankrupt, and leaving their customers with no where to do get parts, do repairs in the future and leaving a bad taste in their mouth.

its just a mess with all these parallel R&D going on simultaneously to make exactly same kind of product but just a slightly different exterior design while all of the EV companies selling products for loss.

why can’t these new investor just buy shares in existing big successful company instead of making their own product line? Why does Huawei and Xiaomi need to make a new car. Why can’t they focus on their own strenth and make software and gadzet for EV ecosystem.
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Why can't everyone wear exact same 民国服 indeed.
The only thing that drove chinese EVs to where they are(instead of producing one great vinfast-like champion) is that very competition and risk of ultimately going bankrupt.
 
S

sndef888

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BEIJING, April 2 (Reuters) - The former chairman of Jianghuai Automobile Group (JAC) (600418.SS), An Jin, is under investigation, China's anti-graft watchdog said.

An retired from the state-owned automaker in 2021 after 46 years, having served as chairman for nine years.
The Central Commission for Discipline Inspection said on its website that An was suspected of "serious violations of discipline and law" but did not give any details of the case.

JAC did not immediately respond to a request for comment on Tuesday.
JAC partners with both Volkswagen and Chinese electric car firm Nio.

In 2017, JAC set up a 50-50 joint venture with Volkswagen focused on electric vehicles and the German automaker secured a controlling stake in the venture three years later after Beijing relaxed foreign ownership rules.
A spokesperson for Volkswagen said the investigation has had no impact on the business activities of its venture with JAC.
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I wonder if this had anything to do with the sale of VW-JAC
 
supercat

supercat

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Tesla's market share shrank both globally and in China. In China, it shrank from 10.5% to 6.7%, while BYD controls more than 32% of China's EV market.

Tesla Also Losing Ground in China as It Disappoints Globally​

  • The US carmaker’s market share is 6.7% versus 10.5% a year ago
  • Tesla relies only upon two older-style models of car in China
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While the interpretation of overcapacity is not as easy as it seems, there is certainly no overcapacity in China's NEV industry.

China’s Overcapacity Is More About Solar and Batteries Than EVs​

  • Data shows overcapacity concentrated in solar and batteries
  • EV makers more efficient rather than laden with overcapacity
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supercat

supercat

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To increase consumption, Chinese buyers can purchase a car with 0 down payment.
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A newly developed all solid-state battery has an energy density of 720 Wh/kg.
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BYD's new global pickup truck may be launched this year.
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tphuang

tphuang

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