New Energy Vehicles (NEVs) in China

[Michael90]

About 20 years ago I drove a rental Santa Fe. The car barely accelerated after I floor the accelerator paddle.

I know right, it’s crazy to think how far they have come . I’m actually more impressed by South Korea’s rise as a high tech power to be honest . I’m shock that people don’t even seem to realize this or talk about it more . They basically went from one of the most poorest destroyed countries after the Second World War and Korean War with famines and malnutrition poorer than May subsaharan African countries in the 40s to 60s to one of the most developed countries on earth in a lifetime , and competing in every field with Japan who used to be look at as untouchable in Asia just a 2 to 3 decades ago.today thy have overtaken Japan in most fields from semiconductors to Electronics, digital technologies , batteries/EVs, shipbuilding ,even cultural influence , and increasingly even in automobile, high speed rail and defence industry etc. Fo such a small country with barely any natural resources, small
Land and about 50million people, Their rise and impact globally has been remarkable to be honest.

 

[Lethe]

To be seen whether the uptick is due to recent spike in gas prices or is here to stick for real.

I would imagine that even if the Iran/Hormuz crisis were to be resolved tomorrow, folks would not instantly forget the lessons of these past weeks re: fuel price volatility and precarity of supply. I would expect those anxieties to continue to meaningfully uplift demand for NEVs for at least the next year or two. Given Australia's previously low level of vehicle electrification, that near-term surge will aid greatly in embedding these vehicles within the cultural consciousness as a practical option for consideration, and thereby have lasting positive effects for those manufacturers and NEVs more broadly even as the precipitating shock recedes into the background. The COVID period where Chinese vehicle manufacturers were amongst the few who could provide timely vehicle deliveries embedded a similarly virtuous cycle.

I'm not sure how BYD's apparent strategy here of throwing everything at the wall to see what sticks will pay off in the medium-term and beyond, but certainly the immediate future looks brighter than anyone could've foreseen even only a few months ago.

I’m actually as impressed by what South Korean brands have achieved in the automotive sector as well. I remember growing up South Korean cars were made fun of as being cheap Japanese copies (forget western ones lol). Today they compete head to head with Japan in almost every field and even China. For their size it’s quite impressive .

South Korea is definitely ahead of Japan in the vehicle electrification game. One part of that story is that Hyundai-Kia is more tied into China's NEV industry. Hyundai has been advertising the launch of their Elexio EV here these past few weeks -- that vehicle is

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.

I do suspect that when the dust eventually settles on the legacy automotive apocalypse, Hyundai-Kia will be amongst the survivors.

About 20 years ago I drove a rental Santa Fe. The car barely accelerated after I floor the accelerator paddle.

Safe to say an Ioniq 5N will provide a rather different experience!

 

[abenomics12345]

South Korea is definitely ahead of Japan in the vehicle electrification game. One part of that story is that Hyundai-Kia is more tied into China's NEV industry. Hyundai has been advertising the launch of their Elexio EV here these past few weeks -- that vehicle is

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.

They are the most well positioned outside of Chinese supply chain - i.e they will win in regions/countries where Chinese brands cannot enter. However the pickle that they face is that EVs aren't MAGA-approved so the Korean battery companies sunk 10s of billions of USD of investments in the US with very dubious demand outlook. Given the new chemistries/energy densities from CATL the capacity they built in the US is going to be not as competitive even with tariffs on Chinese exports.

 

[tankphobia]

I would imagine that even if the Iran/Hormuz crisis were to be resolved tomorrow, folks would not instantly forget the lessons of these past weeks re: fuel price volatility and precarity of supply. I would expect those anxieties to continue to meaningfully uplift demand for NEVs for at least the next year or two. Given Australia's previously low level of vehicle electrification, that near-term surge will aid greatly in embedding these vehicles within the cultural consciousness as a practical option for consideration, and thereby have lasting positive effects for those manufacturers and NEVs more broadly even as the precipitating shock recedes into the background. The COVID period where Chinese vehicle manufacturers were amongst the few who could provide timely vehicle deliveries embedded a similarly virtuous cycle.

There's another factor at play here, a substantial amount of people were probably FOMO buying on NEVs due to tax concessions offered to EVs that were due to end at the end of March. Now that the government are extending the tax concession until 2029, we should see NEV demands drop a bit.

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[manqiangrexue]

I know right, it’s crazy to think how far they have come . I’m actually more impressed by South Korea’s rise as a high tech power to be honest . I’m shock that people don’t even seem to realize this or talk about it more . They basically went from one of the most poorest destroyed countries after the Second World War and Korean War with famines and malnutrition poorer than May subsaharan African countries in the 40s to 60s to one of the most developed countries on earth in a lifetime , and competing in every field with Japan who used to be look at as untouchable in Asia just a 2 to 3 decades ago.today thy have overtaken Japan in most fields from semiconductors to Electronics, digital technologies , batteries/EVs, shipbuilding ,even cultural influence , and increasingly even in automobile, high speed rail and defence industry etc. Fo such a small country with barely any natural resources, small
Land and about 50million people, Their rise and impact globally has been remarkable to be honest.

What's surpising? East Asian intellect, total obedience to the dominant power, so when times are good and that power is happy, they're going to prosper and be rewarded for that. But when times are bad, they're at the whim and will of their master and right now is when they're bleeding for it. South Korea is at least Japan's intellectual equal, possibly superior by a bit, and they're not languishing from WWII defeat so they shouldn't be behind Japan.

 

[Wrought]

Driverless mining trucks with enhanced maneuverability for tight turns in confined spaces.

The vehicle, measuring over five metres (16.4 feet) tall and wide and 13.79 metres long, was unveiled in Shanghai on April 18. Named the “Shuanglin K7”, it was developed through a collaboration between the Shuanglin Group – a Shanghai-based automotive components manufacturer – and Tsinghua University. Traditional mining trucks take a long time to turn around in tight loading areas, a manoeuvre that often creates blind-spot risks. In contrast, the K7 can perform demanding moves such as lateral translation and on-the-spot turns.

This is made possible by a technology known as a distributed electric drive-by-wire corner module. The K7 is the world’s first driverless mining truck to use this technology. Each wheel has its own compact unit for driving, steering and braking. These modules are controlled electronically rather than mechanically, allowing for better control.

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[henrik]

I know right, it’s crazy to think how far they have come . I’m actually more impressed by South Korea’s rise as a high tech power to be honest . I’m shock that people don’t even seem to realize this or talk about it more . They basically went from one of the most poorest destroyed countries after the Second World War and Korean War with famines and malnutrition poorer than May subsaharan African countries in the 40s to 60s to one of the most developed countries on earth in a lifetime , and competing in every field with Japan who used to be look at as untouchable in Asia just a 2 to 3 decades ago.today thy have overtaken Japan in most fields from semiconductors to Electronics, digital technologies , batteries/EVs, shipbuilding ,even cultural influence , and increasingly even in automobile, high speed rail and defence industry etc. Fo such a small country with barely any natural resources, small
Land and about 50million people, Their rise and impact globally has been remarkable to be honest.

China's ymct and cxmt are going to remove Korean market shares, and their incomplete supply chains will be exposed soon.

 

[Michael90]

China's ymct and cxmt are going to remove Korean market shares, and their incomplete supply chains will be exposed soon.

Please don’t be like Indians . Bragging before about something in the future before even achieving it . lol you should never count your eggs before they hatch. Better to wait and see it happen before making such judgements as facts . Look at Alibaba, I remember just 7 years ago many people were saying how they will overtake and dominate Amazon globally in e-commerce , yet look at how that turns out, Amazon is still the major dominant E commerce company globally by a wide margin, even Pindoudou(that came from nowhere) now has a better reach than Alibaba actually. So NEVER EVER take the future as a given. Anything can happen even on a year much less making predictions for 5 to 10 years as a sure thing .

 

[henrik]

Please don’t be like Indians . Bragging before about something in the future before even achieving it . lol you should never count your eggs before they hatch. Better to wait and see it happen before making such judgements as facts . Look at Alibaba, I remember just 7 years ago many people were saying how they will overtake and dominate Amazon globally in e-commerce , yet look at how that turns out, Amazon is still the major dominant E commerce company globally by a wide margin, even Pindoudou(that came from nowhere) now has a better reach than Alibaba actually. So NEVER EVER take the future as a given. Anything can happen even on a year much less making predictions for 5 to 10 years as a sure thing .

People never said alibaba was going to overtake amazon worldwide. Alibaba has a different business model from Amazon. Alibaba is still dominant over the others, except amazon. But for ymct and cxmt, their advantages are obvious.

 

[Proteus]

Large-scale BYD 2nd blade battery black on the Chinese internet is wild. I think that must be someone behind that.
The source of hacking material is here. (He is testing, but the content is also on Douyin, but very few people following. After that, many bloggers on the Chinese internet go to black BYD 2nd blade battery, not one or two, but too many do the same thing, must be some black camp.

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The flash charging pile is also being blocked.
The hot car Da Tang is also being cursed for being overweight, as it does not do much different with others.
The Chinese drama is real lol.