BCG on Industrial Goods’ Post

With growing consumer demand for NEVs across South East Asia, we examine the current landscape, the opportunities, and the potential barriers Chinese OEMs need to know to succeed. https://hubs.li/Q02LpywX0 #Automotive #OEMs #NEVs #China

With growing consumer demand for NEVs across South East Asia, we examine the current landscape, the opportunities, and the potential barriers Chinese OEMs need to know to succeed. https://hubs.li/Q02LpywX0 #Automotive #OEMs #NEVs #China

“The penetration rate of NEVs crossed 48.2 per cent last week, and if it continues at this rate, I estimate that the penetration could cross 50 percent in the next three months,” Wang Chuanfu said in a recent speech at the China EV 100 Forum in Beijing. Around 9.5 million NEVs were sold in China in 2023 making up 31% of the world’s largest car market. Of these 6.7 million were fully electric BEVs and 2.8 million were PHEVs meaning BEVs make up around 70% of all NEVs. In December 1.13 million NEVs were sold in China making up 40% of the the total 2.79 million passenger cars sold. And on the other hand, Mr. Toyoda will claim that EVs will only have a 30% share. 🤦♂️ What do you think about it? Write me in the comments. Feel free to share. #ev #emobility #electriccars #chargingstation #charginginfrastructure

Is the EV market really facing a crisis? According to several media articles, car OEMs and politicians, yes. Well, I don't think so. Already in June we at Transport & Environment (T&E) explained that this drop in EV sales in H1 2024 was not abnormal. How come? Carmakers need to meet binding CO2 targets as of 2025. In 2024 they'll first prioritise high-end petrol SUVs with high margins and only start ramping up EV sales by the end of 2024. We saw the same happening with the previous CO2 targets in the early 2020s. Magically we now see EV market in Germany picking up. The alignment between the current uptake (see ICCT) graph and our T&E projections from June (see comment), is striking. What does this mean for policymakers? Do not give in to attempts from Meloni and others to weaken CO2 targets for carmakers. Regulations create markets. When you set them well in advance and stick to them, industry will work towards them.

𝟐𝟎𝟐𝟒 𝐏𝐚𝐫𝐢𝐬 𝐀𝐮𝐭𝐨 𝐒𝐡𝐨𝐰 𝐃𝐨𝐞𝐬 𝐄𝐕𝐬 This October’s Paris Auto Show did not disappoint when it came to EV/PHEV options.  The Europeans, Chinese, and even Cadillac all offered models that ran the gamut from mini-EVs to minivans and SUVs.  As expected, the French offered more new models.  Stellantis showed its range of EVs across its brands including its Chinese joint venture partner, Leapmotor.  What was noticeable is the wide range of prices for these #EV, with many in the $20K segment.  The EU market is more similar to the Chinese market than the US market, so we expect buyers to be attracted to smaller, less expensive vehicles.  But the challenge remains for the manufacturers to make a profit from these #vehicles, especially if their Chinese competitors have a perceived cost advantage.  (We’re not sure how much the EU #tariffs will affect pricing and profit of the Chinese imports.)  All of our current and past auto show presentations dating back to 2008 are on our website:  https://lnkd.in/gEdhsGda

𝟐𝟎𝟐𝟒 𝐏𝐚𝐫𝐢𝐬 𝐀𝐮𝐭𝐨 𝐒𝐡𝐨𝐰 𝐃𝐨𝐞𝐬 𝐄𝐕𝐬 This October’s Paris Auto Show did not disappoint when it came to EV/PHEV options.  The Europeans, Chinese, and even Cadillac all offered models that ran the gamut from mini-EVs to minivans and SUVs.  As expected, the French offered more new models.  Stellantis showed its range of EVs across its brands including its Chinese joint venture partner, Leapmotor.  What was noticeable is the wide range of prices for these #EV, with many in the $20K segment.  The EU market is more similar to the Chinese market than the US market, so we expect buyers to be attracted to smaller, less expensive vehicles.  But the challenge remains for the manufacturers to make a profit from these #vehicles, especially if their Chinese competitors have a perceived cost advantage.  (We’re not sure how much the EU #tariffs will affect pricing and profit of the Chinese imports.)  All of our current and past auto show presentations dating back to 2008 are on our website:  https://lnkd.in/gM45rstT

✍Technology Outlook – XPENG’s G9 ADAS and G6 electrification systems at a glance Recognized as premium vehicles, the XPENG G9 and G6 both incorporate cutting-edge technological advancements, whether in their design or the selection of #semiconductor #components. Ranked 46th among all Chinese car OEMs, XPENG has risen to 9th place among #EV manufacturers, according to Yole Intelligence. The premium #OEM remains a minor player with 140,000 vehicles sold in 2023, while BYD’s EV segment is ten times larger. To play its part in this market which has seen numerous pure EV manufacturers emerging in recent years (ZEEKR International, ArcFox, NIO…), XPENG relies not only on local incentives but also on international partnerships. Recently, Benjamin Gergaud Pussat, Guillaume Robichon and Philippe Vandar from Yole Group, has carried out thorough cost and technological analyses of the embedded systems in the XPENG G9 and G6 models. What’s in the box?  👉 Full details on: https://lnkd.in/epD7hx6J

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🚗 Forecasting the Future of Australia's Car Parc: Key Trends for 2024-2030 🚗 We’re excited to share insights from the 5th Edition of the Fifth Quadrant Car Parc Forecasts. Here are three critical trends shaping the automotive landscape: 🌏 New Vehicle Efficiency Standard (2025): Expect a push towards EVs and Hybrids, though the transition may take longer as OEMs clear existing stock. 🚙 SUV Segment Challenges: Higher emissions may challenge this segment, but a shift from Large to Small SUVs will help it endure. 💲 Economic Impact: A dip in new vehicle sales is forecasted for 2025, below the 1.2 million expected in 2024. For more insights, visit our blog or get the full report using the link in the first comment below. #AutomotiveTrends #CarParc #EVs #FifthQuadrant Brad Ripps