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#BYD is planning to end its cooperation with the Swedish Hedin Group as an importer in Germany and take over sales itself from October 1st. The reason for this is said to be the weak sales figures to date. In Germany, Hedin had concluded agreements with 6 👉dealer groups to handle BYD sales and service at established locations - at the same time, Hedin had also set up its own branches. BYD currently has 27 sales locations in Germany . It is not yet known what the alleged separation from Hedin means for the partnerships with these dealer groups. A BYD spokesperson told Manager Magazin that it was too early "to comment on such processes". Hedin did not comment. As the article now states, Stella Li apparently feels "mostly held back by her partner Hedin". Therefore, she now wants to set up a "National Sales Company". "The sales organization should work with significantly more 👉dealers than before👀. But BYD could also use this to promote direct sales via the Internet," writes "Manager Magazin". However, the names of the possible partners and a timetable are not mentioned - only October 1st is known as the date. 💭 did BYD ever heard of direct sales (website) and in parallel through dealership (then slowly turn it to service and delivery center) 🤷♂️🤞 📖 Source https://lnkd.in/g25vCN9B German article (#translate) #IONAS #CleanMobility #eMobility #ElectricCars  #FutureMobility #Batteries #Automotive  #ElectricVehicles #AutonomousVehicles  #EV #Lithium #Innovation #Sustainability  #Recycling #Future #Energy #Efficiency #Technology #AVEVAI #TomTsogt 🔔👍

Changes ahead for BYD in Germany

Automobility Ltd’s recent LinkedIn Pulse article describing the emergence of Chinese carmakers as global #automotiveindustry competitors was reposted by TechNode.com. Where We Stand in 2024: #China has emerged as a transformative force in the global auto industry, having been the world’s largest market for production and sales of automobiles since 2009 #NewEnergyVehicles now represent more than one-third of all vehicles sold in China, and Chinese companies have 80% of this segment. Over 60% of new energy vehicles and 70% of #EVbatteries are made in China Chinese brands now have 63% share of domestic passenger vehicle sales, up 27% since 2020. With the world’s largest population, mobility demand in China is served by an increasingly diverse set of solution providers, including internet-backed #SmartEV players, the equivalent of which do not exist outside of China. Facing rising geopolitical tensions and trade barriers, leading Chinese brands will likely accelerate the move from made-in-China exports to globalizing their production and supply footprint. https://lnkd.in/gZP4QtiQ

One of the World’s Largest Automotive Suppliers to Invest in Zalaegerszeg: … of the world’s largest automotive suppliers, is building a … the performance of the Hungarian automotive industry, noting that more … more than a million cars a year within a … -voltage electric and hybrid vehicle components for car manufacturers in Hungary … #car #cars #awesome

Handelsblatt is reporting this week that in 2020, 94% of new cars sold in China were powered by #gasoline or #diesel engines. Many of them were built by joint ventures created by #German manufacturers with domestic companies. But according to Marklines, an automotive data specialist, that number has dropped to 59% in the first half of 2024, with those German JVs taking the brunt of the decrease. Keep in mind that sales of plug-in #hybrids and so-called extended-range #electricvehicles are surging in China and those cars have gasoline engines, which means a big part of that 59% of sales statistic includes those cars. Sales of pure #ICE vehicles, on the other hand, are going over a cliff as #Chinese consumers turn their backs on cars that rely exclusively on infernal combustion engines. In the past few years, Chinese automakers have increased their market share from 33% in 2020 to 52% this year. German manufacturers, on the other hand, have lost almost 6% in market share, while #Japanese brands have seen a 9% decline, according to Handelsblatt. #Hyundai and #Kia now have less than 1% market share in China. Until now, the lack of competitive #electriccars was seen as the biggest problem for the German car industry in China. In recent years, the high sales figures for vehicles with combustion engines have been able to cover this up, Handelsblatt notes. However, with the gasoline-powered car business in China now collapsing, the situation is becoming increasingly precarious. In 2018, #Volkswagen posted an operating profit of more than 4.6 billion euros from its China joint ventures with #FAW and #SAIC. In the first half of 2024, it was less than one billion euros, one third less than the same period in 2023. In 2018, #GeneralMotors posted profits of just under two billion euros from its Chinese investments. In the first half of 2024, its joint ventures resulted in a loss of 200 million euros. #Stellantis discontinued #Jeep production in China in 2022 and cancelled expansion plans for #Opel. Although Stellantis does not report the China business separately, its operations in #China, #India, and #Pacific regions were all in the red in 2023. “We are clearly seeing a displacement of conventional drive systems,” Jan Burgard, head of the automotive consultancy Berylls by Alix Partners, told Handelsblatt. “The Chinese want to be almost overwhelmed by new technologies. For them, a car must have a smart cockpit in which the #smartphone and its many apps can be easily integrated and mirrored. Otherwise, it will hardly sell.” Driver assistance systems are also becoming more important. “The Chinese are really boasting about the number of #lidar and #radar sensors in their cars and the performance of the processors installed,” says Burgard. “German and #European manufacturers need to close this #technological gap very quickly.”

Could the marriage between a European automotive giant and China’s low cost #EV maker help leapfrog regulatory hurdles to compete in budget EV markets in Europe and elsewhere? Get to know HK-listed #Leapmotor and its global ambitions in JV with Stellantis - owner of Fiat and Citroen brands. Leapmotor (Zhejiang Leapmotor Technology Co., Ltd., 9863.HK, market cap of USD 5.3 Bn) was established in 2015 and launched its first EV in 2019. Despite ranking tenth in China’s NEV retail sales in 2023 (with 144,155 units versus BYD’s 2.7 mn), it reported steep losses but achieved positive operating cash flow for the first time. Leapmotor’s stated strategy for PRC market - to launch NEVs that are “good but not expensive” in the price range of Rmb100,000 to Rmb300,000 (approx USD14,000 to 40,000). Yesterday, #Stellantis unveiled plans for Leapmotor International BV, a joint venture (51/49 Stellantis-led), to distribute budget EVs made by Leapmotor across Europe, then expanding to #India, Asia Pacific, MEA, and South America. Starting September 2024, they'll leverage 200 sales points in #Europe, scaling to 500 by 2026. 🌍🔌 #ElectricVehicles #InvestmentOpportunity #GlobalExpansion

Specifically Volkswagen, BMW and Mercedes Benz. They have significant footprints in China. The EU's planned tariffs on Chinese electric vehicles have sparked concern from the German car industry, which fears the move could escalate global trade tensions and harm business. 🗣️"The potential damage that could be caused by the measures now announced may be greater than the potential benefits for the European and in particular the German automotive industry," said #VDA President Hildegard Mueller. 🗣️"The negative effects of this decision outweigh any potential benefits for the European and especially the German automotive industry," VW said in a statement. 🗣️"Fair and, above all, free global trade is very important, drives innovation and growth," said Mercedes CEO Ola Kaellenius. "What we do not need, as an exporting nation, is rising trade barriers." VDA = Verband der Automobilindustrie (an organization that represents Germany's car industry) 📖 Source https://lnkd.in/gUhqxHMS One in three Germans open to Chinese electric cars Consumers, on the other hand, are increasingly positive about electric cars from China. A survey of German drivers by the management consultancy Horváth has shown that 37% would consider an electric car made in China when purchasing their next vehicle. In the same survey a year ago, only 22% had considered such an option. But even before the European Football Championship, according to a survey by Horváth Partners, 53% of Germans can imagine buying a car from BYD. Polestar, on the other hand, is only on the shopping list of 29% of people in this country, and the traditional brand MG, which is now based in China, is only on 25%. Across Europe, Polestar is two points ahead of BYD when asked about willingness to buy, with 38%. 📖 Source https://lnkd.in/gEJkS5uN #IONAXS #CleanMobility #eMobility #ElectricCars  #FutureMobility #Batteries #Automotive  #ElectricVehicles #AutonomousVehicles  #EV #Lithium #Innovation #Sustainability  #Recycling #Future #Energy #Efficiency #Technology #AVEVAI #TomTsogt 🔔👍

https://lnkd.in/g2V3gXhb Chinese EV titans BYD (002594.SZ), Chery (CHERY.UL) and Great Wall Motor (GWM) (601633.SS) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market, according to Reuters interviews with 18 China auto executives, consultants and industry experts familiar with the Chinese automakers' European strategy.

Who is a globalization upholder? Who is a globalization opportunist? The contrast is unequivocal (Q1, Q2, Q4; Q3). Q1: "Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive..." Q2: "...South Carolina plant, which started making Polestar cars this year, would supply both U.S. and European markets. Currently, Polestar builds the majority of its cars in the Chinese cities of Chengdu and Taizhou and it is also planning to build a facility in South Korea." Q3: "Export efforts by Chinese EV makers have come under scrutiny in recent months in Europe and the U.S., which accuse China of exporting overcapacity." Q4: "Ingenlath said the automaker aspires to a sales breakdown of 40% in Europe, 30% in the United States and 30% in the Asia-Pacific region." https://lnkd.in/ghCBxyCU

■ Volvo is no longer targeting 1.2 million global sales by next year! Jim Rowan has ended the automaker's quest for 1.2 million sales by 2025. He foresees flat global demand in the coming years because of big changes in China. Volvo CEO's new goal is 'taking market share' from rivals and said the automaker has no plans to “compete at the low end of the BEV space" in the world's largest market. Source: ANE Since 2010 Volvo Cars has been owned by the automotive company Geely Holding Group. Both AB Volvo and Volvo Cars share the Volvo logo and cooperate in running the Volvo Museum in Gothenburg, Sweden. Volvo was first listed on the Stockholm Stock Exchange in 1935 and was on the NASDAQ indices from 1985 to 2007. By market capitalisation and revenue, Volvo is one of Sweden's largest companies. #geely #Volvo