Automobile Industry 02 (Oct 15 - Apr 23)

[behappyalways]

China Is About To Become The Number 2 Exporter Of Passenger Vehicles In The World
https://www.zerohedge.com/markets/china ... cles-world

[behappyalways]

An EV Pricing War? Behind Tesla and Ford’s Price Cut Strategies | WSJ
https://m.youtube.com/watch?v=9TDy2BpTvNw

[winston]

China car sales plunge 38% in January as subsidies, tax cut end

by Zhang Yan and Brenda Goh

Sales of new energy cars that include pure battery EVs and plug-in hybrids also fell 6.3% in January after a blistering 90% growth in 2022,

China's central government did not extend a 50% purchase tax cut on combustion engine vehicles when it expired at the end of December.

It also decided to end a more than decade-long national subsidy for EV purchases, forcing automakers including Tesla to deepen discounts to defend their market shares.

New energy vehicles accounted for a quarter of the total 1.3 million car sales in the month, CPCA data showed, down sharply from 35% in November 2022.

Source: Reuters

https://www.theedgemarkets.com/node/654439

[winston]

US Used-Car Market

A surprise jump in used-vehicle prices last month is adding to US car buyers’ frustration and has the potential to dent hopes inflation is headed lower—even as the Fed hikes interest rates.

The prices at auctions often are a bellwether for the new-car market.

And used-vehicle prices are not only high at auction, but at retail showrooms as well.

Source: Bloomberg

[winston]

Biggest EV battery makers ranking reveals a new second place as Tesla suppliers LG and Panasonic drop

Source: Notebook Check

https://www.notebookcheck.net/Biggest-E ... 137.0.html

[behappyalways]

Chinese Auto Sales Slump 43% Sequentially In January, But Tesla Bucks The Trend
https://www.zerohedge.com/markets/tesla ... ly-january

[behappyalways]

Used-Car Prices See Largest Monthly Increase Since Late 2021
https://www.zerohedge.com/markets/used- ... -late-2021

[behappyalways]

The Tesla Competitor Dominating China’s EV Market | U.S. vs. China | WSJ
https://m.youtube.com/watch?v=6bTMAkd-EJc

[behappyalways]

Mercedes-Benz Hikes Vehicle Prices By 43% As Only Rich Can Afford
https://www.zerohedge.com/markets/merce ... can-afford

[behappyalways]

豐田新掌門人忙轉型 宣布迎接新電動車時代｜FOCUS午間新聞 20230221 @tvbsfocus
https://m.youtube.com/watch?v=8JCEV6PRkuc