Yuzhen Xie 谢予桢’s Post

"The mainland is home to about 50 EV assemblers, but He Xiaopeng, CEO of Xpeng, said last year that only eight players would remain by 2027, because smaller players will not be able to survive the fierce competition in the fast-growing industry." I am persuaded that BYD is going to make it, Li Auto and Leapmotor maybe; Zeekr and Geely probably. Then the tech companies turned EV makers - which is a big maybe; I mean Toyota was a loom maker turned automaker - so there is no reason why a tech company can't make it - but I really don't see it. You will also not see GAIC, SAIC, GAC, GWM etc on this list. Also no Nio and Xpeng.

Who Killed Europe's Car Industry? Europe's automotive giants have been blindsided—not once, but twice! First by Tesla, now by China's rapid rise. 🚗⚡ Just five years ago, Chinese electric cars were virtually unknown. Today, China is the world's largest car exporter, flooding global markets with top-notch EVs that consumers are clamoring for. How did Europe's proud car industry fall so far behind? Is slapping tariffs on Chinese imports really the solution, or just a temporary Band-Aid on a gaping wound? Discover the untold story of how European manufacturers risk becoming mere subcontractors to Chinese innovators and Silicon Valley tech giants. It's no longer just about building cars! #mobility #ev #emobility #carindustry #disruption #transition #tesla

Here we go. "Chinese NIO interested in taking over Audi Brussels" Chinese electric vehicle manufacturer NIO is reportedly interested in acquiring Audi's Brussels plant in Vorst, Belgium. The potential takeover is driven by NIO’s desire to establish a European production base, helping the company avoid steep tariffs on imported Chinese-made electric vehicles (EVs). The European Union is considering imposing tariffs of up to 35% on EV imports from China, making local production an attractive alternative for Chinese manufacturers like NIO. Audi announced earlier this year that it would cease production of its Q8 e-tron SUV at the Brussels site by next year, leaving the plant’s future uncertain. This has put 2,910 jobs at risk, increasing the pressure to find a new owner for the facility. NIO’s interest could secure the plant's future and potentially safeguard many of these jobs. Other investors, including Belgium’s D’Ieteren, have also shown interest in the site

Amid the electric revolution, Chinese automakers dominate global markets, outpacing unprepared European rivals; With hybrids tripling in exports and EVs challenging legacy brands, Europe's automakers face mounting pressure to innovate or risk being overshadowed in this rapidly evolving automotive landscape https://lnkd.in/gG8JnTcq #china #electricvehicles #takeover #europe #charging #ahead #chinese #automakers #dominating #globalmarkets #outpacing #unprepared #europeanautomakers #hybrids #tripling #exports #evs #challenging #brands #europe #automakers #facing #mounting #pressure #innovating #risking #overshadowed #evolving #automotive #landscape #electricrevolution

Chinese automakers are anticipated to become the top global vehicle exporters, surpassing Japan for the first time. What does that mean for the #emobility industry? Access the webinar to hear industry experts weigh in with hosts Brian OLeary and Loren McDonald #EMobility #IndiumCorporation #EVInSIDER https://lnkd.in/euR3zqXp

As I analyzed in this LinkedIn post two weeks ago using the tool of growth cube (https://lnkd.in/gPCzWNx9), Chinese NEV companies believe the global market is big enough for those who are ready to roll up their sleeves and explore. Other (N)EV companies will soon follow suit, if they have not already started. "Chinese electric-vehicle makers Xpeng and Li Auto say they are focused on growing in the Middle East and elsewhere outside the U.S. following Washington's announcement of a 100% punitive tariff on Chinese-made electric cars." https://lnkd.in/g2eKcys8

China's automotive industry has undergone a remarkable transformation, reminiscent of Japan's rise in the past. The shift towards electric vehicles (EVs) has provided a level playing field for Chinese manufacturers to excel. Tesla's presence in China has offered invaluable insights, accelerating the country's journey towards manufacturing quality EVs. It's a testament to China's ability to quickly adapt and surpass global standards, setting a new benchmark for the automotive industry.

As someone who has not always worked in the automotive or NEV industry, Geely Automobile Holdings's CEO and executive director Gui Shengyue has different yet well-founded views (Q1, Q2). Q1: "Geely Automobile Holdings, China's second-largest carmaker, plans to embark on an asset-light strategy in the overseas smart electric vehicle (EV) market by working with local partners, defying a trend among mainland peers that seek to set up production plants in the West, its chief executive said in an exclusive interview." Q2: "Gui said the days of easy money are over for China's EV makers. 'In past years, the electric vehicle concept was very hot in the capital market - there were investors who were willing to give money for a good story,' Gui said. 'For now, the capital market valuation of carmakers has normalised, and if you can't make money, it won't work.'" https://lnkd.in/gAxzju_C

Chinese EV makers like BYD and Chery are boosting production in Europe to avoid tariffs. While they currently have a cost edge, their success hinges on decisions from Brussels. Labor and energy costs will also close the gap with EU legacy automakers. I am curious to see who will come out on top. I am also curious what the Chinese will bring with them. In the US in the 80s, Japanese automakers opened factories to also avoid tariffs, bringing with them Kaizan manufacturing, which has helped to revolutionise American industry. Also, today the Toyota Camry is almost as American as the Ford F-150 …almost 🚗🚙 #ElectricVehicles #China #Europe #Automotive #Innovation #Regulation

The recent strategic decisions by Chinese automakers like XPeng to establish manufacturing hubs in Europe and BYD’s new manufacturing plants in Mexico and Thailand highlight a critical shift in how global trade dynamics are influencing the EV sector. With the European Union raising tariffs on Chinese-made EVs, these manufacturers are not merely reacting to regulatory changes, they are proactively positioning themselves to maintain and grow their market share. Volkswagen for the first time in 87 years is shutting down a factory in Germany to adjust to the new market reality. Nearly 14 Million EVs were sold in 2023 and this number is expected to reach 17 Million by 2024 with a robust growth of over 20%. As the EV market grows more competitive, companies that can handle these challenges and stay focused on the future will become industry leaders. Thoughts? #ev #automobile #globalevmarket #electricvehicle #regeny #evmarket