New Energy Vehicles (NEVs) in China

GAC and Xpeng will start to assemble EVs in Europe using Magna Steyr's facilities in Austria. Below are the EVs to be built.

• GAC Aion UT:

• GAC Aion V:

• Xpeng G6:

• Xpeng G9:

According to Bloomberg, China is far ahead in the race to develop solid-state battery.

tamsen_ikard said:

You are forgetting about Xiaomi. I think Xiaomi is showing enormous capability in terms of design, cost and marketing ability. They are creating very appealing cars that everyone aspire to buy at a much more low price. I feel Xiaomi has the potential to beat everyone overtime, as they buildup more production capacity and come up with more car designs to cover all the car categories.

My bet is on Xiaomi to beat BYD and everyone else long term.

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I intentionally left out XiaoMi because my take on its venture into NEV is very unpopular. And I don’t want people to get wrong impression.

henrik said:

People asked BYD when they are going to make a smartphone. The ceo said they are already making smartphones for huawei. But BYD, like nio, needs their own smartphone for countering xiaomi.

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it's not the same thing. BYD doesn't have what it takes to counter Xiaomi.

Xiaomi currently is on such a upward trajectory type of climb.

BYD's play is energy transition.

Xiaomi's play is smart home and data.

supercat said:

GAC and Xpeng will start to assemble EVs in Europe using Magna Steyr's facilities in Austria. Below are the EVs to be built.

• GAC Aion UT:

• GAC Aion V:

• Xpeng G6:

• Xpeng G9:

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According to Bloomberg, China is far ahead in the race to develop solid-state battery.

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Give it to Europeans to pretend they'll ever be a player in batteries.

iewgnem said:

Give it to Europeans to pretend they'll ever be a player in batteries.

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Just living up to the Indo-European heritage.

ThatNiceType055 said:

Xiaomi delivered 135,000+ units in their first year, at this rate Xiaomi can deliver 400,000 in their second year, very fast growth for a new player.

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Yeah Xiaomi is probably the only Chinese EV brand that has way more demand than they can afford to produce in China, and that gap in demand is only increasing. To me they look like the most stable/solid EV brand in China at the moment. The others are all having ups and downs. So if I had to buy a share for a Chinese EV company, my money will be on Xiaomi stock.

Xiaomi needs to start building more factories to meet demand and reduce waiting times for her customer, some have to wait over a year to receive their car after placing an order due to the large demand/queue. Other EV brands can only dream of such an issue. lol So Xiaomi even has the luxury in not engaging in the price wars in EV sector. They have created a really strong brand value.

4Runner said:

As it turns out, mass market segments of all consumer vehicles are going to be 3-horse races: BYD, Chery and Geely, which cover RMB 100K ~ 200K ranges. 200K ~ 300K ranges are going to be most chaotic, with all usual suspects including Nio, Xpeng, Li Auto, Tesla, BYD, Geely, Chery, etc. 300K+ is going to be HIMA and BBA plus other wannabes. All yesterday's giants like SAIC, GAIC, FAW, DF, Changan are on life support. The most interesting drama would be, given CeeCeePee orders, who would actually be consolidated into whom? No local government wants their pet projects to go under outright - this is the capitalism with Chinese characteristics.

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Those state owned giants are bound to go out of business if they don’t consolidate and improve in a few years. Plus, no CCP should not bail them out . That will be a total waste of money which can be used in other more critical sectors of Chinas economy. Plus Chinese EV brands are quite competitive globally. So no need to bail out a few giants who have been slow to change. Let them go out of business and consolidate the others in 2 companies for more efficiency . If this 2 still can’t keep up the markets, then let them go under the bus as well. Let the market do its thing.