Both Ineos and Jaguar are using iCar platforms to save their failing EV projects.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Both Ineos and Jaguar are using iCar platforms to save their failing EV projects.
Seems I was right afterall, even BYDs executive Stella Li is admitting that this silly price war is a race to bottom which isn't good or sustainable not just for BYD but for every other Chinese brands and the Chinese EV industry. If they continue like that, then I'm afraid its a matter of time for the industry to go into a dangerous path and lead to the bankruptcy of even the competitive innovative EV companies.
Im,glad the government has called for stop of this price wars. They can compete on other sectors like car designs, customer after sales service, product differentiation etc etc.. Prices are already low enough, there shouldn't be anymore price cuts, else it becomes unsustainable and eats into the already thin profits margins of companies.
@tphuang whats your view on this?
Im,glad the government has called for stop of this price wars. They can compete on other sectors like car designs, customer after sales service, product differentiation etc etc.. Prices are already low enough, there shouldn't be anymore price cuts, else it becomes unsustainable and eats into the already thin profits margins of companies.
@tphuang whats your view on this?
Like I said, you just love to comment on things you know nothing about. Geely and others are the one that started the price war.
I don't think I ever said BYD was responsible for the price war? I just said the price wars among Chinese EVs companies is not sustainable. I never called out a single company. Since I don't know who really started it. I'm just looking at the bigger picture and making an observation. I believe its a good thing the government is getting involved?
Aren’t you a market economy guy? Switching to communism now?
Just let the market determines the price point. The Chinese government has forced all major car companies to pay their suppliers in 60 days, in effect forcing a wave of consolidation.
Is there concern that foreign car companies will snatch up Chinese IPs and assets on the cheap during consolidation to close the EV gap?
Maybe, they need gov approval for purchases..
This photo taken on May 27, 2025 shows vehicles waiting for inspection and release at the road port of Horgos, northwest China's Xijiang Uygur Autonomous Region. As the largest land port for automobile exports in China, Horgos Port has implemented a 24-hour freight clearance system, working 7 days a week, to enhance trade logistics. According to statistics from Horgos Customs, the port had exported about 421,000 vehicles in 2024, reaching a new record high.
In recent years, the options for freight companies to choose from for outbound customs clearance to the neighboring Kazakhstan have become increasingly diverse, ranging from the traditional cage truck loading to the more flexible and low-cost "self-driving export", which have greatly facilitated the development of related businesses and continuously improved the customs clearance efficiency. (Xinhua/Wang Fei)
Gao Yun works as a car transporter, transporting Chinese new energy vehicles from Horgos to the transit parking lot on the Kazakhstan side by "self-driving export". There are many car transporters here like her. The development of the automobile export has also promoted local employment and economic development of the China-Kazakhstan border areas. China's new energy vehicles departing from Horgos are transported to cities in Kazakhstan, Central Asian countries, and other countries and regions. (Xinhua/Chen Shuo)
Car transporter Gao Yun scans the QR code for customs clearance at a inspection site of the road port of Horgos in Horgos, northwest China's Xinjiang Ugyur Autonomous Region, in the early morning on June 11, 2025. (Xinhua/Chen Shuo)
Commercial vehicles wait in line for export at the road port of Horgos in Horgos, northwest China's Xinjiang Ugyur Autonomous Region, in the early morning on June 11, 2025. (Xinhua/Chen Shuo)
An aerial drone photo taken at dusk on May 22, 2025 shows a transit parking lot in the town of Zharkent, Kazakhstan. (Xinhua/Li Renzi)
A car transporter drives a vehicle to the customs entrance at the road port of Horgos in Horgos, northwest China's Xijiang Uygur Autonomous Region, May 29, 2025. (Xinhua/Wang Fei)
Employees of the transport companies drive new energy vehicles imported from China out of the port of Kazakhstan, heading towards the transit parking lot in the town of Zharkent, Kazakhstan, May 22, 2025. (Xinhua/Li Renzi)
This combo photo shows Chinese new energy vehicles driving on the streets of Almaty, Kazakhstan taken on May 15, 2025 (upper L, upper R, and lower R), and taken on May 26, 2025 (lower L). (Xinhua/Li Renzi)