New Energy Vehicles (NEVs) in China

quim

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hmm, that's because the models haven't started deliveries yet. King DM-i just got launched a couple of days ago. Song Pro DM-i hasn't even been launched yet. And neither has shark. They are about to launch a model per month in Q3.



As usual, us govt is clueless about how ownership of certain mines actually affect things. They think it's all a small and grab situation


The tariff has nothing to do with recent sales. They imported enough vehicles into brazil before the Tariffs rose to get all the benefits. The imported cars are enough to cover sales for rest of the year.

The problem is that they don't have enough stores or enough EV charging infrastructure. EVs can only grow so fast in a new country. BYD can easily sell more NEVs if it cuts prices. But it is not doing that, because there are numerous export capacity related issues that not everyone can appreciate here.
The King was severely criticized by the public due to its high price and lack of equipment. The intention was for the King to fight with the Toyota Corolla, but it doesn't have a competitive price for what it offers. the king was even more criticized than the Dolphin Mini and Yuan plus whose sales are falling sharply now also due to high prices. Only Dolphin and Song plus are selling in good numbers and have competitive prices.
 

tphuang

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The King was severely criticized by the public due to its high price and lack of equipment. The intention was for the King to fight with the Toyota Corolla, but it doesn't have a competitive price for what it offers. the king was even more criticized than the Dolphin Mini and Yuan plus whose sales are falling sharply now also due to high prices. Only Dolphin and Song plus are selling in good numbers and have competitive prices.
I have no idea who this "public" is, but Dolphin Mini has been selling very well. I don't see why BYD need to sell at lower prices if they don't have the infrastructure to support it. It costs a lot of money to ship these cars across the ocean and the prices reflect that + a host of other factors.

The prices will remain higher until the local plant opens up. I see no reason why they'd want to push things faster.

If you think they are too high, don't buy it. I don't quite understand why you are complaining about BYD prices on a Chinese military forum
 

Lethe

Captain
Well, they need to launch more models then. Keep in mind that BYD had to use all its export capacity to send cars to Brazil and Mexico recently due to the upcoming tariffs. Probably Australia and new zealand wll get more in the second half

I don't think BYD deliveries to Australia are constrained by supply as much as the still low levels of electrification in the market, where BEV+PHEV is still yet to achieve even 10% of sales in any given month. That's one of the reasons why I've included Tesla in the monthly numbers, representing something like the best-case scenario for what BYD can hope to achieve here in the next couple of years.

PHEV sales in particular are pathetic here, with Sealion 6 emerging as the #4 best-selling PHEV across H1 2024 in its first month on sale. A second-place finish for the year is almost guaranteed, the only question is if it can overhaul Mitsubishi Outlander PHEV's five-month head start to take the #1 position in the PHEV category by the end of the year. Given that they are competing in the same segment, I think there's a decent chance that it can.

Top 25 Best-Selling BEVs and PHEVs in Australia, H1 2024:
Tesla Model Y: 12,516
Tesla Model 3: 10,600
BYD Seal: 4092
BYD Atto 3: 3726
MG 4: 2771
Mitsubishi Outlander (PHEV): 2422
Mitsubishi Eclipse Cross (PHEV): 1409
BYD Dolphin: 1248
BMW iX1: 1237
BMW i4: 1177
Kia EV6: 1060
Volvo C40/XC40 Recharge: 1023
Volvo EX30: 1001
Polestar 2: 950
Hyundai Kona Electric: 892
Mazda CX-60 (PHEV): 698
MG ZS EV: 640
Mercedes-Benz EQA: 624
GWM Ora: 592
Toyota BZ4x: 555
BMW iX3: 545
Hyundai Ioniq 5: 541
Mercedes-Benz EQE: 516
BYD Sealion 6 (PHEV): 482
BMW iX2: 428

(Besides BYD Sealion 6, Volvo EX30 is the other fast mover in this list, having only arrived in Q2. Notably, also produced in China.)
 
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quim

Junior Member
Registered Member
I have no idea who this "public" is, but Dolphin Mini has been selling very well. I don't see why BYD need to sell at lower prices if they don't have the infrastructure to support it. It costs a lot of money to ship these cars across the ocean and the prices reflect that + a host of other factors.

The prices will remain higher until the local plant opens up. I see no reason why they'd want to push things faster.

If you think they are too high, don't buy it. I don't quite understand why you are complaining about BYD prices on a Chinese military forum
I didn't complain, I just reported in the appropriate thread the comments and reviews that the Brazilian market has given. It is a feedback from buyers that should be taken into consideration.

Regarding the dolphin mini, after relatively good initial numbers, the 40% drop in sales in a growing market is a very clear sign that in current terms it is not yet a very competitive product.

The Dolphin is highly praised, but the Dolphin Mini is now being heavily criticized by the same public. It's just an observation.

Regarding local production, labor costs in Brazil are very high and no manufacturer can lower them. Brazil has many internal taxes and regulations too. It is a very protectionist and failed market in this sense. So dont count on it to lower prices.
 
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tphuang

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I didn't complain, I just reported in the appropriate thread the comments and reviews that the Brazilian market has given. It is a feedback that should be taken into consideration.

Regarding the dolphin mini, after relatively good initial numbers, the 40% drop in sales in a growing market is a very clear sign that in current terms it is not yet a very competitive product.

Regarding local production, labor costs in Brazil are very high and no manufacturer can lower them. Brazil has many internal taxes and regulations too. It is a very protectionist and failed market in this sense. So dont count on it to lower prices.
Actually, nobody knows what the orders numbers are except people inside BYD. They do major delivery events all the time which changes total depending on what they deliver at those events. Also, nobody knows how many cars of each model they have in stock in various stores in Brazil. BYD will price based on how many they have shipped to Brazil before the tariff hit. That's how many they plan to sell this year.

As for labor costs, BYD manages to have 1000 unionized labor in California. I cannot imagine higher labor cost than that, so don't waste my time with "labor costs in Brazil" are very high.
 

sndef888

Captain
Registered Member
The collapse of SAIC-GM demonstrates to the whole Chinese economy that the old way of profits (relying on Western "tech" and branding with China supplying land and labour) is no longer viable.

Good riddance. SAIC has long been an example of the Shanghai-style management that bends over backwards for foreign companies.
 

sndef888

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Registered Member
BYD (HKG: 1211, OTCMKTS: BYDDY) is reportedly nearing a deal with the Turkish government to build an electric vehicle (EV) plant there.

Turkey will soon unveil an agreement with BYD to build a $1 billion plant in the west of the country, Turkish officials said,
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reported today.

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Turkish President Recep Tayyip Erdogan is expected to announce the deal on Monday at a ceremony in Manisa province, where the plant will be located, according to the report.

The new plant could give BYD easier access to the European Union, with which Turkey has a customs union agreement, the report noted.

There's also a domestic market to serve, with EVs accounting for 7.5 percent of Turkey's car sales last year and a population of nearly 90 million, the report said.

Turkey decided to impose an additional tariff of 40 percent on cars imported from China, with a minimum additional tariff of $7,000 per vehicle, to be implemented on July 7, according to a presidential decision announced on June 8.

Turkey's Ministry of Commerce said at the time that the tariffs were aimed at increasing the market share of domestically produced vehicles and reducing the current account deficit.

In March 2023, Turkey imposed an additional 40 percent surcharge on tariffs on EVs imported from China, raising the tariffs to 50 percent.

Today, Turkey eased tariffs on Chinese car imports to encourage investment, according to the Bloomberg report today.


BYD opened its
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on Thursday, and is also building a plant in Brazil and plans to build another in Mexico.

Aside from a plant in Hungary, BYD has little presence in Europe, Bloomberg's report said, adding that new factory openings underscores not only BYD's efforts, but also its determination to get closer to big markets and hedge against the threat of tariffs.
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So apparently BYD will build a plant in Turkey, and probably that's leading to reduced tariffs on Chinese cars. Anybody knows by how much? Doesn't seem to be mentioned anywhere.

Also, does Turkey-built cars qualify for EUI tariff exemptions?
 

henrik

Senior Member
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The collapse of SAIC-GM demonstrates to the whole Chinese economy that the old way of profits (relying on Western "tech" and branding with China supplying land and labour) is no longer viable.

Good riddance. SAIC has long been an example of the Shanghai-style management that bends over backwards for foreign companies.

These Shanghai managers really think they are better than those from other provinces?
 

tphuang

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So apparently BYD will build a plant in Turkey, and probably that's leading to reduced tariffs on Chinese cars. Anybody knows by how much? Doesn't seem to be mentioned anywhere.

Also, does Turkey-built cars qualify for EUI tariff exemptions?
only chinese built cars are tariffed. so they can even export cars built in Thailand.
However, Turkey may have additional privilege with EU, so I'd expect some export from Turkey plant to EU countries as well as MENA
 
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