They also own part of Germany's Daimler, maybe that is why they made this irrational move. For Geely, Russia car market is bigger than the US market. They should not IPO in the US anyway.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
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They also own part of Germany's Daimler, maybe that is why they made this irrational move. For Geely, Russia car market is bigger than the US market. They should not IPO in the US anyway.
No. BYD prefers to be present in Ukraine, selling half a dozen cars, to please the West. They don't even consider selling in Russia where they could sell more than in Brazil and Europe. Some chinese are still very afraid of the West.
Hmmm...if so I don't think it's irrational? Afterall, these are private companies who have to answer to shareholders and make profit driven..so if they have weight the pro and cons and come to the conclusion that it will.benefit them more long term to follow US/Western sanctions and stay away from.Russia then they must have a reason for doing so I believe.. I don't think we should blame/condemn them that much for this. As much as we might not like it, The US/West and its allies still doninantes the world at the moment. So China has to thread carefully which the government is doing quite well. So China will need to grow far stronger and self sufficient in almost all fields than it is today and also cultivate strong/economically viable allies or partners around the world before it can really challenge the West in case all bets are off and full sanctions imposed if there is a showdown..
BYD really disrupting the auto insurance industry now
6500 RMB a year for a 260K N7 seems to be higher than I expected since it's supposed to be from lower-cost insurer BYD. My insurance (China Life Shanghai中国人寿上海） for the 360K Denza D9 purchased in May is only 7200 RMB/yr, which is comprehensive coverage with everything maxed out (e.g., liability to 5MM RMB).
I'd like to switch to BYD Insurance once it's offered in Shanghai. Right now their rate doesn't look very competitive.
BYD recreating history again.
After the Yuan (Plus) landed in Japan, the Han arrived in North Korea.
After the Yuan (Plus) landed in Japan, the Han arrived in North Korea.
supercat
Major
Chinese and European automakers hold opposite views.
Legacy automakers are not doing well in China.
Some major partnerships announced in the past few days:
BYD's Mexico plant will create 10,000 jobs. Unlike with the US and some EU regimes, this is a win-win for both China and Mexico.
Aito/Huawei's M7 Ultra is selling well.
Legacy automakers are not doing well in China.
Some major partnerships announced in the past few days:
- Jaguar Land Rover and Chery will revive the Freelander as an EV brand.
- Rolls-Royce will use CATL's Tener energy storage system.
- "China's Gotion High Tech and Slovak partner InoBat will invest 1.2 billion euros ($1.29 billion) to build an electric vehicle (EV) battery plant in Slovakia."
BYD's Mexico plant will create 10,000 jobs. Unlike with the US and some EU regimes, this is a win-win for both China and Mexico.
Aito/Huawei's M7 Ultra is selling well.
3 days left before Denza in hong kong
I had another podcast recently
I had another podcast recently
BYD with 1 million installations of battery box system
BYD deciding soon on location of a new plant in Mexico that will hire 10000 people. It expects to sell 50000 vehicles in Mexico this year!
BYD deciding soon on location of a new plant in Mexico that will hire 10000 people. It expects to sell 50000 vehicles in Mexico this year!