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Chinese EV avalanche coming...

 
Old 05-30-19, 06:25 AM
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bitkahuna
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Default Chinese EV avalanche coming...

I just read that there’s 486 EV (electric vehicle) companies in China!! They ain’t all going to make it. More here.
https://www.bloomberg.com/news/artic...sting-in-china

And this... Toyota, Fiat Chrysler, Honda and Mitsubishi will all sell the same car there, not made by any of them, to get in the market! The four carmakers all plan to sell an electrified SUV developed by Guangzhou Automobile Group Co., the Chinese manufacturing partner they share. Each brand will have their own name emblazoned at the rear of the car, but the look will be the same. More here.
https://www.bloomberg.com/news/artic...na-s-new-rules

No wonder there’s so much panic, rumors of mergers, cutting models, etc., at ‘traditional’ car makers.
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Old 05-31-19, 04:48 PM
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Originally Posted by bitkahuna View Post
I just read that there’s 486 EV (electric vehicle) companies in China!! They ain’t all going to make it. More here.
https://www.bloomberg.com/news/artic...sting-in-china

And this... Toyota, Fiat Chrysler, Honda and Mitsubishi will all sell the same car there, not made by any of them, to get in the market! The four carmakers all plan to sell an electrified SUV developed by Guangzhou Automobile Group Co., the Chinese manufacturing partner they share. Each brand will have their own name emblazoned at the rear of the car, but the look will be the same. More here.
https://www.bloomberg.com/news/artic...na-s-new-rules

No wonder there’s so much panic, rumors of mergers, cutting models, etc., at ‘traditional’ car makers.
Selling rebadged ev is very similar to buying credits from Tesla in the US or EU.

There are few interesting companies in China, but those actually dont do great in China itself, as the ones that focus on EU/US markets are overpriced for China. Additionally, Chinese people covet outside vehicles so foreign carmakers always do well in China, in fact right now sales of Chinese brands is down sharply in China YoY.

Nothing is simple.
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Old 05-31-19, 08:59 PM
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rominl
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the market is a mess in china.

now that tesla announced china made model 3 on sale for cheaper (compared to import from the US) it'd be interesting to see how the market reacts there
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