New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
BYD needs to sell the Seal at this price point, so that it can displace tesla worldwide.
looks like BYD is getting into electric Motorcycle
Ambitious plan here from Zhengzhou.
Looking to build world largest NEV base with 3 million per year. BYD won't be the only manufacturer here, but I don't see how they get to 3 million without a huge BYD presence here.
With 40% of parts produced around Zhengzhou including the large BYD blade battery factory + a BYD semiconductor material factory.
Everywhere in China, municipalities are setting ambitious goals to be the next NEV mega base.
Looking to build world largest NEV base with 3 million per year. BYD won't be the only manufacturer here, but I don't see how they get to 3 million without a huge BYD presence here.
With 40% of parts produced around Zhengzhou including the large BYD blade battery factory + a BYD semiconductor material factory.
Everywhere in China, municipalities are setting ambitious goals to be the next NEV mega base.
Take a look at this. What a nice looking charging station opened up by Shell in Shenzhen. It's first one in partnership with BYD. Looks clean and modern with a cafe that I would actually want to hang out in (no, I do not want to hang out for 30 minutes in my local gas station store)
supercat
Colonel
Huawei/Seres aim to sell 1 million EVs by 2026.
Lopal, a CATL supplier, will invest USD290 million to build a lithium iron phosphate factory in Indonesia.
Li Auto's gross margin rebounded in Q4, 2022.
No demand for VinFast for now:
Lopal, a CATL supplier, will invest USD290 million to build a lithium iron phosphate factory in Indonesia.
Li Auto's gross margin rebounded in Q4, 2022.
No demand for VinFast for now:
Isn't VinFast part of that massive Vietnamese conglomerate? There was a review of the car on Youtube and it wasn't a favorable one.
At this point, BYD can make Vinfast life easier by just entering Vietnam, build a car plant & battery plant there and be treated as like the home automaker. They already have parts factory there and byd electronic factory there.
Car fans posted good summary here of what's happening. Note the commentary on BYD, Seres/Huawei and Leapmotor
here are some more comments. One for all the Huawei fans
dynasty series to me is just going to slowly become the default DM-i lineup outside of Yuan+ & maybe Tang. I think Han EV will have trouble against Seal long term. Song is basically 80 to 90 DM-i. Same with Qin.
Also, the other issue with BYD is that they haven't launched any new models recently that's exciting. That will change with SeaLion, N7 and of course Seagull.
Car fans posted good summary here of what's happening. Note the commentary on BYD, Seres/Huawei and Leapmotor
here are some more comments. One for all the Huawei fans
and for others
basically BYD suffered because everyone else discounted and they didn't. Now they had to discount certain dynasty models to get store visits and orders. Which is pushing JVs to the limit. We are in the early inning of a price war right now.
dynasty series to me is just going to slowly become the default DM-i lineup outside of Yuan+ & maybe Tang. I think Han EV will have trouble against Seal long term. Song is basically 80 to 90 DM-i. Same with Qin.
Also, the other issue with BYD is that they haven't launched any new models recently that's exciting. That will change with SeaLion, N7 and of course Seagull.
I am under impression the price war already happened for a while since Q3 2022. Arguably BYD's initial price is what set it off in first place. At this point the margin is so ruthless I don't think there is much space to go lower.
So recently, the lithium prices have come down. For someone like BYD that produces the batteries itself, it makes it easier to cut prices. Also, CATL has been cutting prices. Beyond that, I think have more of the plant up and running will lower the costs for BYD. So, I think they can still turn good margins even after discounts. I'm not sure about their competition.