Automobile Industry 02 (Oct 15 - Dec 24)

[behappyalways]

Weilai’s copycat Model Y?
The first SUV launched is $4,000 less than Tesla, one step ahead of Tesla!
Baidu grabs the driverless taxi and turns profitable next year

蔚來山寨Model Y?首推SUV比特斯拉少4千美元 早特斯拉一步! 百度搶進無人計程車明年轉盈｜非凡財經新聞｜20240517

https://m.youtube.com/watch?v=BglO0Hd1rzU

[behappyalways]

Price bargaining for electric vehicles in China is a river of blood!
Li Auto laid off 18% of its staff, its stock price plummeted 30% and was sued by investors

大陸電動車殺價血流成河! 理想汽車裁員18% 股價重挫3成遭股民提告｜TVBS新聞

https://m.youtube.com/watch?v=31ERd7lB4CQ

[behappyalways]

"As a price war & slowing growth drives Chinese automakers to search for buyers elsewhere, they're running into trade barriers, esp in the EU & US, which are meanwhile trying to develop their own EV supply chains. Both accuse #China of exporting excess capacity"
https://x.com/ChinaBeigeBook/status/1795463743091998959

[behappyalways]

Japanese carmakers under fire for falsifying safety data
https://m.youtube.com/watch?v=sCjm_QlYWxE

[behappyalways]

#China is now home to at least 77 automakers & 129 vehicle brands -- too many, experts say, even for the world's largest car market"

For most, it's now export or die. Pricing is entirely secondary.
https://x.com/ChinaBeigeBook/status/1798761632375689693



In Q1 2024, China exported 1.3 million vehicles. Of total, 76% were gasoline powered.

China tracking to export 6M in 2024, more than the total size of Japan’s car market.
https://x.com/dunne_insights/status/1799731632238391313

[behappyalways]

U.S. used electric car prices plummet 31%, car rental giant Hertz cuts prices on cars
美二手電動車價暴跌31% 租車巨頭Hertz降價賣車｜十點不一樣20240610
https://m.youtube.com/watch?v=55AZcab0cSs


Could Not Care Less: Europe Just Shot Itself In The Foot With Chinese EV Tariffs
https://www.zerohedge.com/markets/could ... ev-tariffs


Mapped: Where Tesla And BYD Make Their Cars
https://www.zerohedge.com/markets/mappe ... their-cars

[behappyalways]

Notice of tax increase!
The EU is dissatisfied with China's subsidies for electric vehicles.
The EU will impose a maximum tax of 48% next month

預告加稅! 歐盟不滿中國補貼電動車 歐盟下月最高課稅48%｜方念華｜FOCUS全球新聞 20240613‪@tvbsfocus

https://m.youtube.com/watch?v=ke4mAYgy8Ig

[behappyalways]

Local electric vehicles are strong.
Experts predict that American and major manufacturers will exit the Chinese market within five years.

本土電動車強勢 專家預言美大廠五年內退出中市場｜FOCUS午間新聞 20240618 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=-DmAvSUNtgI

[behappyalways]

No end of a lesson for global brands in China
https://x.com/dunne_insights/status/1804149948038234261

[behappyalways]

Nearly Half Of US EV Drivers Consider Switching Back To Gas Vehicles: McKinsey Study
https://www.zerohedge.com/energy/nearly ... nsey-study


"Penetration rate of NEVs in #China, a gauge of popularity, is expected to hit a new high of 49.1% in June, as the market continues to grow steadily amid intensifying competition, an industry survey showed Thurs"
https://x.com/ChinaBeigeBook/status/1804468101435588634


Crazy to see when it's listed like this!
https://x.com/AyeshaTariq/status/1804239833533157426