Li auto and Aito made profit. Aito started to making profit in Q1 2024. Aito makes PHEV and BEVs although majority of their sales are PHEV (M7 only comes in PHEV and it is a brilliant family car). it has Huawei tech which is ahead of everyone else and hence one of the reasons why it sells very well. M9 is their flagship and it comes in both PHEV and BEV. M5 comes in both versions also although the drive of it , i felt, was nowhere near the M7. Li auto is all PHEV except for Mega. so top 3 out of 4 NEV companies in China are bigger sellers of PHEV than BEV. the only exception is Tesla! BYD more PHEV than BEV the same for Li auto and Aito. Nio/xpeng/zeekr are pure BEV (until now!).
Nio is a completely separate kettle of fish to everyone on that list, and in particular, volume does not compare on face value. Why? The average transacted price for a Nio in China is USD55,000. Whilst the average transacted price for a BYD or Aion or Xpeng is circa US$13,000. The huge disparity comes from Nio competes in the premium segment, along with Mercedes, BMW and Audi. The fact that they sell double the volume to the likes of Xpeng et al, whilst at a price that is almost 4 times higher, means you cannot compare the two. No one ever compares Toyota sales of 130,000 in Australia, and say they are that much better than Mercedes doing only 20,000. It's a completely different kettle of fish and metrics to measuring success. What is success? Nio has the highest customer satisfaction AND recurring customers in China. They have even higher scores than Tesla!. The entire ecosystem Nio has built around vehicle ownership has created a significant cult like following, even more Cult than Tesla (legit). In fact, put many people up to the task, and you can wear a hat with GAC logo, or Aion logo, or Xpeng logo, or Neta logo, or BYD logo. You name it. No one is proud to wear any of them. But Nio will. Nio owners are proud owners, and express that energy to their friends, relative etc. That is a catalyst of creating a huge brand, and one that differs strategy wise to all of the above mentioned brands on, and off that list.
That's not the case anymore Huawei cars overshadows not only Nio but every other premium car on this planet. Except Tesla FSD, noone can compete against Huawei ADS 3.0, not even close. But huawei offers much better build quality and interior design than Tesla. Imagine you can jump out of the car at the entrance of the car park of your local shopping mall, the car will find it's own space on its own. When you finish shopping, just summon your car using the phone. That's just one nice feature of ADS 2.0. Currently the hottest car in China is not Nio or BYD, it's the cars partnered with Huawei.
By the way Aito is No1 partner for Huawei. People just call it huawei cars which has tremendous face value. Chinese huawei car owners don't care how much hate they will get from the Americans.
With EV development, phev and hybrids are also getting exponentially better, would love to see them matched with a clean energy water engine/generator. Plus it's less stressful on the grid. But no question on the rapid change in battery refinements
Same as Aito/Huawei, he never covers huawei cars. Maybe because of the US banning Huawei that Australia is one of the first countries to follow the ban. It's weired the US do ban BYD and the other Chinese brands but in terms of level of severity that's still one step less than what Huawei had to go through. The only logical explanation is Huawei is the best of the best, the US is out of competition.
But Aito M7 and Lixiang L7 is only PHEV. There is Aito M5 (smaller) that have BEV version but M7 doesn't have pure EV. Same is for L7. And list for the new emerging brands. I think brands like Aion, Zeekr, Galaxy, Deepl, Denza are all safe buys - this belongs to big established car companies (Geely, GAC, BYD) - The biggest unknown on this list is Leap Motor (but i am surprised they do so well, it wasn't like that last year), Xpang and Neta. Xiaomi can't produce fast enough - waiting times area like 9 months for that car.
The UK government could approve 13 new oil and gas projects in the North Sea, with the fuel produced emitting 350m tonnes of CO2 equivalent (MtCO2e) if burned, Carbon Brief analysis shows. The Labour government, which took power last month, has ruled out issuing new oil and gas licences for the North Sea. However, it has not ruled out approving projects that already have a licence, but have not yet received consent to begin development. A former senior official tells Carbon Brief that the government may now be “compelled” to greenlight them due to the risk of legal action from oil and gas companies. Official documents show that up to 13 such licenced projects are likely to seek development consent from the Department for Energy Security and Net Zero (DESNZ), led by Ed Miliband, and the North Sea Transition Authority (NSTA). Many of these projects could seek such consent within months.
Galaxy branded cars sold 16,000 cars in July. It only has three models on sale. The brand is growing quickly in China. Also due to Volvo, polestar ownership it's the only Chinese company to have access to North American market
this is like the car market in the usa in the early 1900s.. there were hundreds of manufacturers.. survival of the fittest and mergers took care of things
Similar thing happened with USA car industries in late 1800s and early 1900s. History repeating itself. In the end only a few will survive. Frankly speaking its nothing new.
Audi E-tron, Jaguar I-Pace and a few other luxury EVs are now selling for less than the $25k used price eligible for Federal EV Used Car tax credits. Time to jump in.
companies that will succeed are gonna be the ones that are best at partnering and it’s in the interest of Chinese carmakers to Partner with Western auto manufacturers
Li auto only has one fully electric vehicle the mega and it’s ugly as fk. Technically Nio is on top of the list. And it’s sub brand model y is gunna be direct competition for teslas best selling vehicle (it’s cheaper and swaps) gunna be interesting 2025
I think your analysis is missing something. Many of these brands are sub-brands of traditional car companies, their parent company has strong standing in the car market. They are not standing alone.
For the "Haters", please engage brain for a change. For anything new, like EVs etc, hundreds of companies will start up but many will fail to make it. It happens everywhere, and in any industry, not just in China and not just in EVs. Anyway, if you prefer to be a blinkered "Hater", who is to stop you. Go ahead and "Hate".
@@hclau218 : no hate, but there isn't an EV built that can match the utility of my present ICE vehicle. I'll wait for the product to mature. If you follow this site, almost weekly there is some new game changing tech. Batteries, hopefully, will continue to improve, for one.
Sam, if you are an EV evangelist & a climate warrior, why would you background companies that make EVs. Surely, the scepticism that you are putting on the industry is working against EV adoption?
If it is Western, then it is the "Company", if it is Chinese, then it is "China". So typical of Western bias and subconscious "Hate". You guys are so pathetic.
I don’t get why he hates Nio so much? There was a Nio ET5 at Goodwood Festival of Speed which I sat in and it looked/felt really nice. I’m not sure this episode is a true reflection/good comparison of true EVs as it includes lots of hybrids and combustion vehicles in its numbers. Up your game Sam!
That's dumb. First of all you need two systems. Then Hybrids charfe tye battery by burnng gasoline...highly inefficent. Third: PHEVs are only there for a transition period because a lot if people have no technical clue and are scared of battery-only cars.
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Li Auto also made a profit, not just BYD.
They sell only one EV, all the others are hybrids, that's why...
So I guess China is becoming the supplier for legacy automakers. The "TSMC" for EVs.
Li auto and Aito made profit. Aito started to making profit in Q1 2024.
Aito makes PHEV and BEVs although majority of their sales are PHEV (M7 only comes in PHEV and it is a brilliant family car).
it has Huawei tech which is ahead of everyone else and hence one of the reasons why it sells very well.
M9 is their flagship and it comes in both PHEV and BEV. M5 comes in both versions also although the drive of it , i felt, was nowhere near the M7.
Li auto is all PHEV except for Mega.
so top 3 out of 4 NEV companies in China are bigger sellers of PHEV than BEV. the only exception is Tesla!
BYD more PHEV than BEV the same for Li auto and Aito.
Nio/xpeng/zeekr are pure BEV (until now!).
Neta X just dropped in Thailand. A great small SUV for under 35k AUD.
Nio is a completely separate kettle of fish to everyone on that list, and in particular, volume does not compare on face value.
Why? The average transacted price for a Nio in China is USD55,000. Whilst the average transacted price for a BYD or Aion or Xpeng is circa US$13,000.
The huge disparity comes from Nio competes in the premium segment, along with Mercedes, BMW and Audi.
The fact that they sell double the volume to the likes of Xpeng et al, whilst at a price that is almost 4 times higher, means you cannot compare the two.
No one ever compares Toyota sales of 130,000 in Australia, and say they are that much better than Mercedes doing only 20,000. It's a completely different kettle of fish and metrics to measuring success.
What is success?
Nio has the highest customer satisfaction AND recurring customers in China. They have even higher scores than Tesla!. The entire ecosystem Nio has built around vehicle ownership has created a significant cult like following, even more Cult than Tesla (legit).
In fact, put many people up to the task, and you can wear a hat with GAC logo, or Aion logo, or Xpeng logo, or Neta logo, or BYD logo. You name it. No one is proud to wear any of them. But Nio will. Nio owners are proud owners, and express that energy to their friends, relative etc.
That is a catalyst of creating a huge brand, and one that differs strategy wise to all of the above mentioned brands on, and off that list.
That's not the case anymore Huawei cars overshadows not only Nio but every other premium car on this planet. Except Tesla FSD, noone can compete against Huawei ADS 3.0, not even close. But huawei offers much better build quality and interior design than Tesla. Imagine you can jump out of the car at the entrance of the car park of your local shopping mall, the car will find it's own space on its own. When you finish shopping, just summon your car using the phone. That's just one nice feature of ADS 2.0. Currently the hottest car in China is not Nio or BYD, it's the cars partnered with Huawei.
By the way Aito is No1 partner for Huawei. People just call it huawei cars which has tremendous face value. Chinese huawei car owners don't care how much hate they will get from the Americans.
With EV development, phev and hybrids are also getting exponentially better, would love to see them matched with a clean energy water engine/generator. Plus it's less stressful on the grid. But no question on the rapid change in battery refinements
Sam. You did not go into nio like all the other brands!
Of course he skipped over Nio. They’re proving his previous comments about the brand to be wrong😂
Same as Aito/Huawei, he never covers huawei cars. Maybe because of the US banning Huawei that Australia is one of the first countries to follow the ban. It's weired the US do ban BYD and the other Chinese brands but in terms of level of severity that's still one step less than what Huawei had to go through. The only logical explanation is Huawei is the best of the best, the US is out of competition.
But Aito M7 and Lixiang L7 is only PHEV. There is Aito M5 (smaller) that have BEV version but M7 doesn't have pure EV. Same is for L7. And list for the new emerging brands. I think brands like Aion, Zeekr, Galaxy, Deepl, Denza are all safe buys - this belongs to big established car companies (Geely, GAC, BYD) - The biggest unknown on this list is Leap Motor (but i am surprised they do so well, it wasn't like that last year), Xpang and Neta. Xiaomi can't produce fast enough - waiting times area like 9 months for that car.
The UK government could approve 13 new oil and gas projects in the North Sea, with the fuel produced emitting 350m tonnes of CO2 equivalent (MtCO2e) if burned, Carbon Brief analysis shows. The Labour government, which took power last month, has ruled out issuing new oil and gas licences for the North Sea. However, it has not ruled out approving projects that already have a licence, but have not yet received consent to begin development. A former senior official tells Carbon Brief that the government may now be “compelled” to greenlight them due to the risk of legal action from oil and gas companies. Official documents show that up to 13 such licenced projects are likely to seek development consent from the Department for Energy Security and Net Zero (DESNZ), led by Ed Miliband, and the North Sea Transition Authority (NSTA). Many of these projects could seek such consent within months.
Viking E - can you explain why Geely has a bright future? The market cap of Geely is really low, about $10 billion, compared to $90 billion of BYD.
Gov support perhaps?
It owns many European brands eg lotus, volvo, zeekr
@@keangwooichoo6138no.
@@keangwooichoo6138which is why it'll fail
Galaxy branded cars sold 16,000 cars in July. It only has three models on sale. The brand is growing quickly in China. Also due to Volvo, polestar ownership it's the only Chinese company to have access to North American market
this is like the car market in the usa in the early 1900s.. there were hundreds of manufacturers.. survival of the fittest and mergers took care of things
SASAC did not exist in early 1900s US.
Morning mate
China is full of brands
Similar thing happened with USA car industries in late 1800s and early 1900s. History repeating itself. In the end only a few will survive. Frankly speaking its nothing new.
Chinese state owned companies will survive no matter what. That means saic baic chery changan JAC dfsk etc
Audi E-tron, Jaguar I-Pace and a few other luxury EVs are now selling for less than the $25k used price eligible for Federal EV Used Car tax credits. Time to jump in.
Geely is as good if not better than BYD cheers mate
There are more than 200 automobile brands that exist in china.
companies that will succeed are gonna be the ones that are best at partnering and it’s in the interest of Chinese carmakers to Partner with Western auto manufacturers
Why ?
Still delusional and living in the colonial past. Good.
@@hclau218 your words, not mine shout out from Tibet
Li auto only has one fully electric vehicle the mega and it’s ugly as fk. Technically Nio is on top of the list. And it’s sub brand model y is gunna be direct competition for teslas best selling vehicle (it’s cheaper and swaps) gunna be interesting 2025
Aito is great....M7 ...M5 not so much
It took Tesla 17 years to become profitable
Completely different circumstances. Batteries today are far more cheaper than back then
Completely wrong ..
Tesla started in 2008
Had a fully profitable year in 2020
That's 12 years 😂
The education system seems to have failed you ..
) MGUY Australia (electric cars)
) Electric Viking (hydrogen fuel cell cars)
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I think your analysis is missing something. Many of these brands are sub-brands of traditional car companies, their parent company has strong standing in the car market. They are not standing alone.
For the "Haters", please engage brain for a change. For anything new, like EVs etc, hundreds of companies will start up but many will fail to make it. It happens everywhere, and in any industry, not just in China and not just in EVs. Anyway, if you prefer to be a blinkered "Hater", who is to stop you. Go ahead and "Hate".
@@hclau218 : no hate, but there isn't an EV built that can match the utility of my present ICE vehicle. I'll wait for the product to mature. If you follow this site, almost weekly there is some new game changing tech. Batteries, hopefully, will continue to improve, for one.
Sam, if you are an EV evangelist & a climate warrior, why would you background companies that make EVs. Surely, the scepticism that you are putting on the industry is working against EV adoption?
Nothing wrong with being realistic
After watching 4 corners last night which was about EV all i can say is China and Tesla will be the only car brands in 5 years.
China is not a car brand, but i get what you mean.
Problem is nobody will buy a Chinese brand when Tesla is available. Don't believe me? Look at Tesla sales in China vs. Chinese brands.
If it is Western, then it is the "Company", if it is Chinese, then it is "China". So typical of Western bias and subconscious "Hate". You guys are so pathetic.
Nio hater.
I don’t get why he hates Nio so much? There was a Nio ET5 at Goodwood Festival of Speed which I sat in and it looked/felt really nice. I’m not sure this episode is a true reflection/good
comparison of true EVs as it includes lots of hybrids and combustion vehicles in its numbers. Up your game Sam!
EV's suck...Hybrids and plug-in hybrids rock.
That's dumb. First of all you need two systems. Then Hybrids charfe tye battery by burnng gasoline...highly inefficent. Third: PHEVs are only there for a transition period because a lot if people have no technical clue and are scared of battery-only cars.
More to go wrong in a car with Hybrid system.
Better to go either all ICE or all electric.
Oh really why then are the bevs starting on fire even more often than the ice ones percentages wuse6
How can you believe ANYTHING the communists claim? Love the cars but don’t be stupid.
Huh? US government is a bigger liar imo. Your brain poisoning level is very high. Get real.
They are more honest than the West.
I find the Chinese government more credible than, say, NBC or FOX.
didnt know that Aussie guy is a communist
Whoever the Communist Party chooses.
Anyone of them is better than american car makers.
BYD literally handpicked by Warren Buffet
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