New Energy Vehicles (NEVs) in China

tphuang said:

big moment in Australia as Chinese imports surpassed Japanese for the first time. Japan had 28 year stranglehold in Australia.

https://twitter.com/i/web/status/2030960864811978861

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Lethe said:

For clarity, the breakthrough is in relation to manufacturing country of origin, not brand sales. A solid proportion of Japanese brand vehicles for Australia are produced in Thailand, including all of the utes, so the two are far from interchangeable. Toyota RAV4 is the #1 selling vehicle here that is sourced from Japan, and that vehicle is currently in transition from one generation to the next. As stock of new model arrives, Japan will probably reclaim the #1 spot, at least temporarily.

(So far as I can tell, the only Chinese brand vehicle produced in Thailand for the Australian market is GWM Ora.)

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Lethe said:

For clarity, the breakthrough is in relation to manufacturing country of origin, not brand sales. A solid proportion of Japanese brand vehicles for Australia are produced in Thailand, including all of the utes, so the two are far from interchangeable. Toyota RAV4 is the #1 selling vehicle here that is sourced from Japan, and that vehicle is currently in transition from one generation to the next. As stock of new model arrives, Japan will probably reclaim the #1 spot, at least temporarily.

(So far as I can tell, the only Chinese brand vehicle produced in Thailand for the Australian market is GWM Ora.)

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China’s CATL profit surges 42% as global market share soars to all-time high​

sunnymaxi said:

Nio scored its first quarterly profit in the final three months of last year, driven by strong deliveries, it said today. Fourth-quarter net profit was CNY282.7 million (USD40.4 million), versus a net loss of CNY7.1 billion (USD1 billion) a year earlier. Revenue surged 76% to CNY34.7 billion (USD4.95 billion).

https://twitter.com/i/web/status/2031349954514505942

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Michael90 said:

Wait, they have suffering such massive lose (billions of dollars) all this time ?
I thought they were profitable long ago since they had been more on the higher end side of things from the beginning . Surprised to see they have suffering such heavy losses all this while

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sndef888 said:

I can tell you the biggest reason is because BYD cars are ugly and boring as shit that everyone associates with didi cars. Their design was good for like a year when dragon face Han first came out and has then been stagnating into NPC designs ever since

The reason everyone ignored that was because of reliability and technology. With BYD buyers know they're getting cutting edge but also not finicky or niche tech. Kind of like Toyota back during the hybrid era.

This advantage has "seemingly" been falling behind for the past couple months. Their "全民智驾" ADS was pretty much a flop. So was the "Yunnian" suspension rollout. Or the "1000kw charging" that first appeared on Han L and Tang L.

Meanwhile Geely really stepped up their marketing with introduction of "short blade battery", "e-mi hybrid". Everything to make consumers think that they have the equivalent tech as BYD

So when people feel like Geely has the same cutting edge tech (whether true or not), but with better looking designs, it makes a lot of sense for them to steal BYD sales.

With this new Blade Battery 2.0 + Flash charging, I foresee BYD regaining the top spot though. Assuming they can quickly push the tech down to more affordable options. And I don't think Geely has a good answer this time round. BYD is really flexing their vertical integration muscle that Geely (and everybody else) just doesn't have

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