New Energy Vehicles (NEVs) in China

tphuang

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No it doesn't. Chinese companies will not be included in IRA,no matter where they build the products
Maybe don't butt in on a thread you don't know about

More N7 details. the fast charging here is better than any previous BYD cars

GAC aion & Didi to partner up on ADAS

some sales figures from first week of May. Remember, sales in week 1 is always a lot lower than later weeks. BYD sales in 1st week of May is equivalent to its 3rd week sales for April. My guess is they get close to 250k in sales this month
 

tphuang

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LI Auto reports Q1 revenue of CNY 18.79 billion, a 96.5% YoY increase, and record-breaking 52,584 vehicle deliveries, up 65.8% YoY. Gross margin stands at 20.4%. Q2 guidance predicts 76,000-81,000 deliveries and CNY 24.22-25.86 billion in revenue..

@tphuang
yeah, Li Auto is doing really well, If it can get to 30k sales in June, then that's a pretty big accomplishment. The big question is whether or not it can continue accumulating orders are the same pace
 

sndef888

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View attachment 112369

The scoreboard in 2023 so far. Wuling really bleeding badly (Seagull effect?). Neta also in trouble. VW not catching on.

BYD is far and away the market leader, of course, but is also growing very rapidly. GAC Aion, Changan and Li Auto are the other winners.
Changan has yet to really even get into the competition since their only EVs are the expensive Shenlan and Avatr brands + Lumin
Chinese automaker Changan announced on Monday that it will be launching a new electric vehicle brand called “Qiyuan” this year. The brand is aimed at families looking for products within the price range of RMB 100,000 to RMB 200,000 ($14,449-28,898). This move will differentiate it from other brands in the same family, such as Deepal, which was launched in April 2022 and targets younger Chinese customers with a price range of RMB 150,000 to RMB 250,000, as well as the higher end Avatr, which was co-developed with Huawei and CATL. During an earnings meeting with investors, Changan Chairman Zhu Huarong confirmed that the state-owned manufacturer has plans to co-develop new EV models with Ford, which are scheduled to launch next year. The move is aimed at helping its long-term US partner to boost its declining sales in China. [
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Article from 2 days ago says that Changan's Qiyuan mainstream brand is launching this year which will be similar to Geely's Geometry, BYD's Qin/Song and GAC's Aion lineups.

However, we've previously seen reveals of the Qiyuan A07, which is a massive premium sedan that most are speculating will sell for 20w at least, more than the Shenlan. So maybe they've changed their strategy?

I also think it would be incredibly stupid to use a new brand instead of sticking to Changan. They should just name the cars the same as their current ICE lineup (eg Changan Eado + Eado EV) like how BYD has a Qin Plus Dmi and Qin EV. Literally one of Changan's main strengths is their brand name and model continuity that they've built up over so many years, but they're throwing that all away to use a new logo that looks like an anus
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dingyibvs

Senior Member
I

I think that's the problem with China's auto industry. There are just too many car companies, way more than necessary. Many of them will have to go out of business and die out allowing only the most competitive, innovative ones to survive. Reason I said the government shouldn't bail out any car company that goes burst(and there will be many of them this coming years). Let the best win.

Yeah, I'm wondering when the mergers are gonna start happening. Not just EV brands, but ICE brands too. I wonder if it'll be more of EV brands buying up EV brands, or ICE brands that are too behind on the EV game buying up EV brands.

For example, if Toyota finally wakes up from their hydrogen fantasy, would they try to buy say Xpeng as a way to reinvent the company?

yeah, Li Auto is doing really well, If it can get to 30k sales in June, then that's a pretty big accomplishment. The big question is whether or not it can continue accumulating orders are the same pace

I don't think it's a coincidence that Li Auto and BYD both have significant plug in hybrid offerings and are two of the most successful right now. We're in a transitional period, and a transitional product like plug-in hybrids probably still has the widest appeal. This phase, being transitory, will probably pass pretty quickly in China, but elsewhere in the world, particularly in say the US with its ultra-crappy non-Tesla charging network and demand for long distance driving it may stick around for quite a while.
 
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