New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Saw the Farley interview. His approach is to create a "skunk works" in California and he criticised European car makers for tying up with Chinese OEMs. While he is grounded and modest, he's nevertheless too nationalistic. I don't think some guys sitting in a hangar in California can pull this off. I understand it may be a pride issue, but it just makes more sense to team up with Chinese OEMs.
Perhaps he is also worried about getting harassed by the US govt but can't say it out loud? There is more political space for co-operation with Chinese companies in Europe.
Perhaps he is also worried about getting harassed by the US govt but can't say it out loud? There is more political space for co-operation with Chinese companies in Europe.
Imagine the state of US manufacturing when Boeing is on its death bed and Ford has to team up with the Chinese. This is politically not allowed, even the Chinese battery plants being built in the US are getting harassed.
A good video here on battery industry as a whole, but especially interesting part on Semi solid state battery tech.
"China’s Founder Motor Soars After Securing Volkswagen Orders
Founder Motor’s stock price jumped after two of Volkswagen Group’s businesses in China placed long-term component supply orders with the maker of drive motors.
After surging by as much as 8.4 percent earlier today, Founder [SHE: 002196] closed up 6.4 percent at CNY5.18 (73 US cents) a share, while the Shenzhen market added 0.9 percent. The company’s stock is still down 28 percent this year to date.
Founder will supply over 1.6 million stator and rotor assembly sets for drive motors used in electric cars to Volkswagen's parts factory in Tianjin and SAIC Volkswagen Automotive, the German automaker’s joint venture with China’s SAIC Motor, the Zhejiang province-based company announced late yesterday.
The core components, which will be used in Volkswagen's new-generation all-electric vehicles, will start being delivered as soon as the first quarter of next year, Founder added, without revealing any further details.
The orders will help Founder step up its position in the industry and boost its business performance, the company noted.
Founder has been the world’s biggest supplier of drive motors for new energy vehicle in the past three years, with annual production capacity ranking after BYD and Tesla, which mostly make drive motors for their own cars, according to the firm's 2023 financial report. As of Dec. 31, Founder had shipped a total of nearly 2.6 million NEV drive motors used in more than 40 car models.
Other customers of Founder's NEV drive motors include Li Auto, Xpeng Motors, SAIC, and Geely Automobile Holdings."
Founder Motor’s stock price jumped after two of Volkswagen Group’s businesses in China placed long-term component supply orders with the maker of drive motors.
After surging by as much as 8.4 percent earlier today, Founder [SHE: 002196] closed up 6.4 percent at CNY5.18 (73 US cents) a share, while the Shenzhen market added 0.9 percent. The company’s stock is still down 28 percent this year to date.
Founder will supply over 1.6 million stator and rotor assembly sets for drive motors used in electric cars to Volkswagen's parts factory in Tianjin and SAIC Volkswagen Automotive, the German automaker’s joint venture with China’s SAIC Motor, the Zhejiang province-based company announced late yesterday.
The core components, which will be used in Volkswagen's new-generation all-electric vehicles, will start being delivered as soon as the first quarter of next year, Founder added, without revealing any further details.
The orders will help Founder step up its position in the industry and boost its business performance, the company noted.
Founder has been the world’s biggest supplier of drive motors for new energy vehicle in the past three years, with annual production capacity ranking after BYD and Tesla, which mostly make drive motors for their own cars, according to the firm's 2023 financial report. As of Dec. 31, Founder had shipped a total of nearly 2.6 million NEV drive motors used in more than 40 car models.
Other customers of Founder's NEV drive motors include Li Auto, Xpeng Motors, SAIC, and Geely Automobile Holdings."
People have to make the best of the situation they're in. Fundamental America as a society is not China's equal, BYD can build R&D campus and fill it with tens of thousands of PhDs, that's simply not possible with America's limited talent pool. The only real way for companies like Ford to compete is to become a Chinese company, and without being to do this, there's nothing Farley can reall do.
broadsword
Brigadier
Founder Motor is China's answer to Japan's Nidec.
Best advertisement money can’t buy.