New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
(ECNS) -- Clay-type lithium deposits have been discovered in the Qaidam Basin of Qinghai Province, according to the Fourth Geological Exploration Institute of Qinghai.
The lithium deposits in Qinghai are related to salt lakes, said Chen Jianzhou, chief engineer of the institute.
Clay-type lithium resources are mainly distributed in the United States, Mexico, Serbia and other countries and southwest China.
A lithium resource is considered an "energy metal in the 21st century" and is important for the development of new energy and new materials.
The discovery indicates that there are promising mineral resources in the Qaidam Basin.
They are already in Norway, at least one and half year with the Tang. However, it's an extremely expensive car. How much does it sell for in China?
You can just assume the car is probably at least quite a bit more in Europe compared to China. BYD makes more money per car on exports. On top of that, you have the transportation costs and taxes.
As an example, they are marketing Tang as 60K EUR in Germany. I'm not sure which version it is. It is 280 to 340k RMB in China -> 41 to 49k EUR.
ha, now I know how much the buses cost. It's about 400k GBP. Looks like Chinese players here took the whole order.
This is actually a decent size order. I believe BYD earlier this year mentioned they sold just over 1 GWh of their energy storage product.
Alright, Li Auto is finally coming out with several models after abandoning the L1. I still think they are in trouble.
In Norway we have quite generous incentives so electric cars are usually cheaper than ICE cars.
Tesla 3 Performance as an example costs 535000NOK while in China costs 368000cny(542000NOK) according to these:
Teslas in Norway are as far as I know from China so they have pretty much the same expenses as BYD minus economy of scale as yet, as Tesla is more established. Tang Executive(premium edition) goes for 640000nok(435000cny). I think they won't make it with such prices, Hongqi E-HS9 starts from 630000nok, cheaper than Tang, however Hongqi even though not my style, is a beast.
supercat
Major
SAIC has formed a joint venture with CATL, Sinopec, and China National Petroleum Corp (CNPC) to build battery swap stations, using the latter two's 50,000 gas stations in China. So one of China's largest automakers, the world's largest NEV battery makers, and two of China's largest oil companies are joining forces to do R&D on battery swapping and build swap stations. They plan to build 3,000 swap stations by 2025. But considering that Sinopec and CNPC have more than 50,000 gas stations in China, the potential for more swap stations is enormous.
The soon to be unveiled R7 SUV from SAIC's Rising Auto sub-brand (see picture below) will use the swappable battery as the default format.
The Xpeng G9, which has an 800V charging system that can give it a 200 km (110 mile) range with a 5-min charge, was just unveiled. See pictures below:
The U.S. auto supplier Visteon opened its 2nd tech center in China.
Toyota/Lexus stuck in their glorious past?
The soon to be unveiled R7 SUV from SAIC's Rising Auto sub-brand (see picture below) will use the swappable battery as the default format.
The Xpeng G9, which has an 800V charging system that can give it a 200 km (110 mile) range with a 5-min charge, was just unveiled. See pictures below:
The U.S. auto supplier Visteon opened its 2nd tech center in China.
Toyota/Lexus stuck in their glorious past?
China's NEV market suffers from the "Problem of Plenty".
There are simply too many great EV companies out there. When competition is so fierce, it means everyone has to cut prices to the bones. As a result, even while sales are skyrocketing, losses are widening.
Sooner or later there has to be a shakeout. I think BYD is in a great position but which companies will survive the shakeout behind them is yet to be seen. It's clear that most, if not all, of the innovation in the NEV space is now happening in China - but the companies who are doing it are paying a heavy price. Mounting losses can't be sustained forever. A few winners will have to be separated from the pack sooner rather than later.
There are simply too many great EV companies out there. When competition is so fierce, it means everyone has to cut prices to the bones. As a result, even while sales are skyrocketing, losses are widening.
Sooner or later there has to be a shakeout. I think BYD is in a great position but which companies will survive the shakeout behind them is yet to be seen. It's clear that most, if not all, of the innovation in the NEV space is now happening in China - but the companies who are doing it are paying a heavy price. Mounting losses can't be sustained forever. A few winners will have to be separated from the pack sooner rather than later.
Do these swap stations also work for NIO?
Doesn’t matter. Just get the failing companies to build cars for legacy Japanese auto firms.