New Energy Vehicles (NEVs) in China

tphuang said:

no breathing room for ICE car makers in China

https://twitter.com/i/web/status/1640881832442081281

A lot of them will end up with inventory they just can't sell.

The electric viking talked about it here. GM is in trouble in China.

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But

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heard that

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was fond of embarking on enterprises, so with the intention of causing its energies to be dissipated and in order to prevent it from making an attack to the east, it accordingly dispatched a water engineer named

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to give controversial advice to Qin by making it excavate a canal from the

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west of Mount Zhong as far as Hukou, from where it was to go east along the Northern Mountains and flow into the Luo. It would be more than 300

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long, and the intention would be to use it to irrigate the fields. When it was half completed the true purpose was realized, and Qin intended to kill Zheng Guo, but Zheng Guo said: ‘At first I was acting in order to cause dissension, but when the canal is completed it will surely be a benefit to Qin.’ Qin thought this was true, so in the end had the progress on the canal continued. When the canal did make further progress, it was used to cause the stagnant waters to flow, and irrigate the salty land over an area of more than 40,000 qing, so that the harvest totalled one zhong per mou. Thereupon the area within the passes was turned into fertile but uncultivated land, and there were no calamitous years, and thus Qin became rich and strong, and in the end unified the feudal states. Because of this it was called the Zheng Guo Canal.

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tphuang said:

https://twitter.com/i/web/status/1641044640773332992

good thread here on BYD comments from earnings call

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siegecrossbow said:

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It is worth noting that BYD is already the largest automaker in China based on January-February sales.

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The new car will be a subcompact sport utility vehicle smaller than the company's other models, or around the same size as the Toyota Corolla Cross.

“The new strategic EV will target a brand new segment,” said Jim Rowan. "It's going to be a brand new demographic, a younger customer [and] a lot more online sales."

Volvo will hold down costs by adopting a shared platform from Zhejiang Geely Holding Group, the automaker's Chinese parent, and by assembling the vehicle at Chinese facilities. It will be cheaper than the XC40 crossover EV, Rowan said.

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supercat said:

The time has really changed. Now it's a Chinese company developing sophisticated electric drive system for an European premium NEV brand.

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Volvo will produce an all new compact EV in China for exports to Europe and Japan. It will share the platform with a car from Geely.

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siegecrossbow said:

Battery is Chinese, drive system is Chinese, motor is Chinese... What did the Europeans contribute, the shell?

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Wang said BYD became No. 1 in March, even including gasoline-engine cars, but "we wish to be the No. 1 brand for the full year." That means the Chinese brand needs another 70% annual growth in sales, assuming the German rival's sales volume remains stable.

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"In 2022, the Chinese new energy vehicle market was in a state of inadequate supply over demand, but it has entered into a war of elimination in 2023," Wang Chuanfu said.

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"I would not dare to say it last year, but we now have an advantage in terms of economy of scale," he said, where unit costs are kept low and efficiency rises.

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