New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
BYD Tang 2022 EV got 8505 orders in the first 24 hours of pre-sale. It's quite an impressive EV. 730 km range, 4.4s on 0 to 100, 6/7 seat SUV and uses DiLink 4.0 (not bad for a large SUV). At their current pace of product releases, I'm wondering if the public is having buyers fatigue with them.
Maybe for marketing and hype reasons, im such a simple person that i would get excited ooh did you heard company x will introduce their ePlatform 4.0 next week....
More spy photos of BYD SeaGull. Will be a major competitor to Chery Wujie. Should be one of BYD's highest mass produced models.
April delivery numbers were down. Now, we hear April/May sales numbers are also way down. Lockdowns are terrible for sales numbers. No wonder they are coming out with stimulus packages everywhere.
XPeng struggling for sales. Explains why they rescinded offers for new hires recently.
BYD sales for April weren't great either. I think their May sales will be pulled up quite a bit by all the new models. D9 sales figure is up to 13680 after a week. Very good numbers for a higher end car.
NIO doing better, but not fantastic either.
FAW-VW really struggling also.
Tesla is doing fine
On BYD battery customers, apparently they have quite a few PHEV battery customers including ChangAn, BAIC,GM, Ford, Toyota, PSA, Benz.
April delivery numbers were down. Now, we hear April/May sales numbers are also way down. Lockdowns are terrible for sales numbers. No wonder they are coming out with stimulus packages everywhere.
XPeng struggling for sales. Explains why they rescinded offers for new hires recently.
BYD sales for April weren't great either. I think their May sales will be pulled up quite a bit by all the new models. D9 sales figure is up to 13680 after a week. Very good numbers for a higher end car.
NIO doing better, but not fantastic either.
FAW-VW really struggling also.
Tesla is doing fine
On BYD battery customers, apparently they have quite a few PHEV battery customers including ChangAn, BAIC,GM, Ford, Toyota, PSA, Benz.
NIO and Xpeng are leaps and bounds better designed than BYD. The former two understand and get cars and car people (okay one particular small segment of car people ). BYD as great as their tech is just feels far too appliance like. NIO gets how to get people excited about the technology industry they are in. BYD knows how to flog volume for profit. Yes yes their tech is great and all but it just seems so bland to me. Hoping XPeng and NIO both thrive. The Chinese gov should find ways to protect NIO and XPeng from BYD's Chinese internal market dominance.
I suspect global buyers would find NIO and XPeng more appealing as well. Sorry if you own BYD shares just sharing an opinion. Would suck for Chinese NEV industry to lose even just XPeng. Out of all the Chinese carmakers, XPeng, NIO, Hongqi, and Human Horizons I find most interesting all for different reasons. That industry needs diversity of businesses playing in all those different market segments and those four sort of get it. To be honest a lot of this is just as superficial as the branding... BYD is just ... errrgh meh.
). BYD as great as their tech is just feels far too appliance like. NIO gets how to get people excited about the technology industry they are in. BYD knows how to flog volume for profit. Yes yes their tech is great and all but it just seems so bland to me. Hoping XPeng and NIO both thrive. The Chinese gov should find ways to protect NIO and XPeng from BYD's Chinese internal market dominance.I suspect global buyers would find NIO and XPeng more appealing as well. Sorry if you own BYD shares just sharing an opinion. Would suck for Chinese NEV industry to lose even just XPeng. Out of all the Chinese carmakers, XPeng, NIO, Hongqi, and Human Horizons I find most interesting all for different reasons. That industry needs diversity of businesses playing in all those different market segments and those four sort of get it. To be honest a lot of this is just as superficial as the branding... BYD is just ... errrgh meh.
BYD stock price is surging, while nio and xpeng stock prices are under-performing. There is no need to worry about byd share price.NIO and Xpeng are leaps and bounds better designed than BYD. The former two understand and get cars and car people (okay one particular small segment of car people
I suspect global buyers would find NIO and XPeng more appealing as well. Sorry if you own BYD shares just sharing an opinion. Would suck for Chinese NEV industry to lose even just XPeng. Out of all the Chinese carmakers, XPeng, NIO, Hongqi, and Human Horizons I find most interesting all for different reasons. That industry needs diversity of businesses playing in all those different market segments and those four sort of get it. To be honest a lot of this is just as superficial as the branding... BYD is just ... errrgh meh.
Especially, nio cannot even ramp up their capacity for more exports.
NIO and Xpeng can go out and fight BYD fairly if they want toNIO and Xpeng are leaps and bounds better designed than BYD. The former two understand and get cars and car people (okay one particular small segment of car people
I suspect global buyers would find NIO and XPeng more appealing as well. Sorry if you own BYD shares just sharing an opinion. Would suck for Chinese NEV industry to lose even just XPeng. Out of all the Chinese carmakers, XPeng, NIO, Hongqi, and Human Horizons I find most interesting all for different reasons. That industry needs diversity of businesses playing in all those different market segments and those four sort of get it. To be honest a lot of this is just as superficial as the branding... BYD is just ... errrgh meh.
BYD has achieved this dominance through high sustained R&D spending. To me, BYD is the ideal Chinese company where it heavily invests in R&D and then transforms the fruits of that spending to commercial success by beating out everyone on performance and tech.
Yeah, NIO and Xpeng are cool but if you ask which company the CPC would like to succeed, it would be BYD 100%
If NIO and Xpeng are "soft" tech, then BYD is hard tech
China is a very large market, so there will be room for multiple successful automakers. At this point, I think it's quite clear that byd will be one of the surviving ones. Which other ones survive this intense competition is the tougher question to answer. Between nio, xpeng, li auto and leapmotor, you have 4 very competitive automakers that make good cars. The problem for them is that byd has taken the air out of them. There are some photos going around on Chinese social media right now of people lining up over night at the byd store to buy cars. Reminiscent of people lining up at apple store to buy new iphones. Probably all due to the recent momentum from their sales figures and new product line offering. I haven't been to china recently, but it seems like it's becoming a cool thing to do to get byd car in china. Quite a huge change over even a year ago. We are seeing this growing byd demand in rural and lower tier cities also. That's not something Tesla or nio have able to crack due to their higher prices.
Nio and xpeng make really nice cars but they lose out to byd big time in manufacturing, vertical integration and product offering. Nio is talking about a new sub brand for medium priced market, but that won't be ready until next year. I really hope they succeed in that.
It sounds like byd is capturing a lot of second car buyers that had foreign jv cars. High gas prices have really helped nev demand. I think we are probably all happy to see Chinese brand overtaking foreign brand market share. There is enough space in Chinese market for multiple good Chinese brands, but the other ones really need to figure out a way to stand out.
Nio and xpeng make really nice cars but they lose out to byd big time in manufacturing, vertical integration and product offering. Nio is talking about a new sub brand for medium priced market, but that won't be ready until next year. I really hope they succeed in that.
It sounds like byd is capturing a lot of second car buyers that had foreign jv cars. High gas prices have really helped nev demand. I think we are probably all happy to see Chinese brand overtaking foreign brand market share. There is enough space in Chinese market for multiple good Chinese brands, but the other ones really need to figure out a way to stand out.
supercat
Major
I think China's EV sales have reached a point of inflection and will keep increasing regardless subsidies at this point. China reduced EV subsidy by 30% this year, yet China's EV penetration rate will almost certainly reach a new high this year.
BYD Seagull will be a cute subcompact EV.
It's obvious that Chinese policy makers think that fuel-cell electric heavy commercial vehicles is a viable option, which I agree.
But it uses Bosch powertrain. Are there any Chinese companies making it?