BYD launches Seal in India at the Auto Expo 2023. Will start delivery in Q4.
expecting to sell 15k this year for Atto 3 and E6.
expecting to sell 15k this year for Atto 3 and E6.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Given the chance, smaller local brands should be protected with priority, over brands from some foreign adversaries. The export of the same local brands will also displace the same foreign brands in overseas markets.
a lot of Denza news out this morning
At the Denza communication conference, 赵长江 (Denza Sales chief) said that 50k+ orders for Denza with 10k already delivered. That's huge for a new luxury MPV. They are just taking customers from BBA and luxury ICE market all over the place. 50% BBA owners, 25% large SUV owners and 15% luxury ICE MPV owners. Really taking shares away from Buick GL8.
This is still an ICE dominated market, so most customers thus far are buying PHEV version.
They also unveiled the N7, which is a medium BEV 5 seat SUV. To be launched in April
followed by 6/7 seat SUV to be launched later.
At the Denza communication conference, 赵长江 (Denza Sales chief) said that 50k+ orders for Denza with 10k already delivered. That's huge for a new luxury MPV. They are just taking customers from BBA and luxury ICE market all over the place. 50% BBA owners, 25% large SUV owners and 15% luxury ICE MPV owners. Really taking shares away from Buick GL8.
This is still an ICE dominated market, so most customers thus far are buying PHEV version.
They also unveiled the N7, which is a medium BEV 5 seat SUV. To be launched in April
followed by 6/7 seat SUV to be launched later.
This feels somewhat like 1980's deja vu when US was fighting against Japan for its auto market. Back then Japan won the auto war by applying Deming's quality control and designing common-sense middle-class cars. But US ultimately won the political battle. But still to this date, majority of highly educated American middle-class prefer Japanese cars over domestic brands.
EV is more of a lost cause for US vis-a-vis China. It is no longer subjective factors such as car design, quality control or fuel consumption. It is rather fundamental factors such as enabling technologies in battery and ICT software integration, and particularly in EV supply chain and eco-system. On top of all those enabling factors, China is by far the largest and fast growing EV market, as opposed to the US market position back in 80's.
In the current global market transition from ICE to EV, China is said to possess 70% battery production and 60% EV unit market share. There was a Chinese video last week that said, by around 2030, China's EV battery production capacity would be 3x the EV cars sold. EV battery smells like a repeat of Solar story. By then, non of other EV battery making countries would be competitive.
So US/EU are going to use geopolitics to rein in Chinese dominance in the EV supply chain. But this time is different from 80's. China's current go-global strategy is to dominate domestic market first, expand RCEP second, penetrate EU third, then peek into US at last. There is no Plaza Accord equivalent for US to stop China EV advancement. The only pragmatic way for US to get even on EV is to induce some consolidation among SAIC/GM, BYD/Ford or other innovative combinations. Just look at how Rivian and Lucid have been doing, and it is abundantly clear to me that American EV startups will not catch up unless they do a Tesla-esque move.
EV comes down to a Tesla-and-China story. Germany has a chance, but politics may ruin it.
supercat
Colonel
BYD Seagull will be an inexpensive city EV. Its price tag is approx. $9,000-14,000.
1 - SAIC-GM-Wuling Hongguang
2 - BYD Qin
3 - BYD Han
4 - BYD Dolphin
5 - Tesla Model 3
The production of Qilin battery will start in Q1. CATL is also trying to start the production of sodium battery this year.
China is trying to dominate the hydrogen market like they did to the solar energy market.
1 - SAIC-GM-Wuling Hongguang
2 - BYD Qin
3 - BYD Han
4 - BYD Dolphin
5 - Tesla Model 3
The production of Qilin battery will start in Q1. CATL is also trying to start the production of sodium battery this year.
China is trying to dominate the hydrogen market like they did to the solar energy market.
Impressive build-up. Could serve as a backup source of energy in case of emergency/crisis.
They are in a terrible bind and have no choke points in EV supply chain that they can use to stop, hurt or slow China.
I mean, their companies sell more cars in China's 27 million a year car market than at home.
You ban Chinese EVs in the West, and China reciprocates. Mercedes, GM, VW would be gutted and the Chinese EV firms would be laughing all the way to the bank.
Who wouldn't mind a 27 million units a year captive market ?
At the moment yes.
But as EVs become widespread they are the logical places to store excess electricity for later use, because the batteries:
1. already exist and have been paid for
2. are very oversized compared to the requirements of [average daily commuting + powering a home]
3. would spend most of the time plugged in anyway
4. and will outlast the lifespan of a car, even if used to power a home as well
More details on SeaGull and the new E2 (have no idea what's going on here).
Sea Gull with max speed of 130 km/h. So higher than your usual mini car in this segment and have higher powered engine. also generally more spacious.
It uses LFP blade battery from Zhengzhou plant. I guess the sodium ion battery isn't ready yet.