Automobile Industry 03 (May 23 - Dec 25)

[behappyalways]

On average, a new car can be produced every 76 seconds! Xiaomi super factory exposed
平均每76秒可產一輛新車! 小米超級工廠曝光｜十點不一樣20240422
https://m.youtube.com/watch?v=W8imX9Nh0Mk



2023 US car sales by brand
https://twitter.com/Mayhem4Markets/stat ... 4317671518

[behappyalways]

European Automakers Are Struggling With Falling Demand
https://www.zerohedge.com/markets/europ ... e_vignette

[behappyalways]

Regardless of the cause, #China’s EV industry was plunged into a price war in '23...
In '24, all 3 leaders launched a new round of price cuts w/even deeper discounts...
Outside the top 3, EV firms suffer 10-30,000 yuan in losses for every vehicle sold"

https://twitter.com/ChinaBeigeBook/stat ... 7802545630

[behappyalways]

"The European Commission has told the 3 EV makers—BYD, SAIC & Geely—it's investigating over state subsidies that they haven’t provided enough info, a warning that could pave the way for tougher EU fines"
https://twitter.com/ChinaBeigeBook/stat ... 4327051703

[behappyalways]

Where Unsold EVs Go To Die: Belgium's Ports Drowning Under Glut Of Chinese Imports
https://www.zerohedge.com/economics/whe ... e_vignette

[behappyalways]

VW The Latest Automaker To Step Back From All-Electric Plans To Embrace Hybrids
https://www.zerohedge.com/markets/vw-la ... ce-hybrids

[behappyalways]

The United States imposes additional tariffs on Chinese electric vehicles.
What is the trend of Sino-European joint ventures? BYD does this!

美對中國電動車加徵關稅 中歐合資成趨勢? BYD這麼做!｜方念華｜FOCUS全球新聞 20240516 @tvbsfocus

https://m.youtube.com/watch?v=Wzg-HruR-dg

[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