Fortune 500’s Post

What happened in the mobility market today ? Read this 1-minute recap to stay informed. 1. Xiaomi 🇨🇳 announced that the SU7 will be "best looking, easiest to drive and smartest car" priced below 500,000 yuan ($69,424). Xiaomi will announce its official price range this Thursday and start taking orders. 2. Nissan 🇯🇵 said it aims to raise its global sales by 1 million vehicles and launch 30 new models in the next three years. Nissan also announced that it targets to reach 60% of electrified vehicles, which include hybrids, by the end of the decade. 3. Fisker's 🇺🇸 negotiations with a major automaker collapsed, leading to plans for delisting by NYSE due "abnormally low" stock price levels. 4. Tesla 🇺🇸 staff will install and demonstrate FSD before handing cars over to buyers in North America. This will be done via a short test ride with customers. 5. Northvolt AB 🇸🇪 started the construction of a €5 billion EV battery plant in Germany 🇩🇪, aided by €900 million from 🇩🇪. 6. CATL 🇨🇳 announced that it is working on faster charging batteries for Tesla 🇺🇸. 7. Lucid Motors 🇺🇸 secured an additional $1 billion investment from Ayar Third Investment 🇸🇦, a Saudi Arabian Public Investment Fund affiliate, which will expand the Saudi Arabia's ownership to approximately 60%. 🔷🔷🔷 That’s a daily recap that I post every single day. I hope you enjoyed reading.

The Chinese auto market has drastically changed since 2014. Cars there are quite literally mobile computers (a vision brought to life by recent entrants like Xiaomi and Huawei, originally known for their cellphones). With substantial government funding and subsidies, Chinese firms have surged ahead in EV tech and software and have outpaced nearly every global competitor. American automakers simply can't compete. And, they need cash. A LOT of it. Like it or not, selling trucks is the quickest means to the sizeable amount of capital that's going to be needed for future propulsion technologies (such as electric vehicles). It's back to basics if they ever want to catch-up.

China has over three-quarters of the world's battery production capacity, which is a key component of EVs. This growth is describing itself.

No Country For Old Automakers. Companies < 30 years now crushing it in China’s auto market. 2024 China Sales (f) BYD: 3.9 million Tesla: 680,000 Li Auto: 600,000 Huawei: 500,000 Zeekr: 230,000 Xpeng: 180,000 Xiaomi: 130,000 (in first year) > All double digit growth in a flat overall market. > All Chinese + Tesla. > Many of their most important suppliers come from the electronics industry. It’s a new game. #chinaevs #tesla #byd #xiaomi

The world is still underestimating China.The Chinese vehicles are electric (hence economic savings), they are of new and attractive shapes, loaded with electronics but are still 1/2 the price of equivalent US or European EVs.

It’s ’Kodak-moment’ for most traditional auto brands, their days are numbered! Without a drastic change to their current model, it’s unlikely they will be able to compete with these new Chinese auto brands who are pumping out new models regularly.

Ever notice how everyone focuses on the shape of ICE cars and EVs, thinking they’re the same? Sure, they look alike—they’re both just carriers. But here’s the real question—if you look beyond the shape, what makes up most of an EV? The answer lies in something they share with another industry: the mobile phone. BYD nailed it, Xiaomi is catching on, and who knows, maybe even Apple will jump in. The rise of EVs feels more like a natural spurt from the electronics world, especially the mobile industry.

If Tesla loses the Chinese EV battle, China’s All-Battery Electric Vehicles war will be over. The Chinese will winner takes all 🏆 Just like the Global Solar Panel production, majority Made in China. Also like iPhone and Samsung, having about 40% of smartphone marketshare but over 90% of profits. There is not better time to buy Chinese EV when Tesla bails out. So start looking at a BYD, likely the best deal is just around the corner in a few quarters' time for Singaporeans.

In an ultra-competitive market, every decision can have a far-reaching effect (Link 1, Link 2). Link 1: https://lnkd.in/gFAPdEw7 "China’s automakers are piling in to take advantage of Tesla Inc.’s recent price hike and defend against Xiaomi Corp.’s disruptive market entry, offering sweeteners such as subsidies and coupons to lure would-be car buyers." Link 2: https://lnkd.in/g4ZXwqG3 "Tesla has raised the prices of all three variants of the Model Y by RMB 5,000 in China, in contrast to the price cuts made by other EV makers in the ongoing price war."

Xiaomi has released its first electric car, the SU7, at a price of 215,900 yuan ($30,408) in China. The CEO, Lei Jun, stated that the company will be selling each car at a loss, making it 4K cheaper than Tesla's Model 3, which starts at 245,900 yuan in China. The SU7 beats the Model 3 on more than 90% of its specifications, except for two aspects where Xiaomi may take three to five years to catch up with Tesla. Are you excited about this new release? Share your thoughts below! #Xiaomi #electriccar #SU7 #Tesla #Model3