Yuzhen Xie 谢予桢’s Post

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.

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

China’s automakers are piling in to take advantage of Tesla’s recent price hike and defend against Xiaomi Technology’s disruptive market entry, offering sweeteners such as subsidies and coupons to lure would-be car buyers. bit.ly/3PQT4Fd Shanghai-based NIO announced a plan on Monday that provides for up to 1 billion yuan ($138 million) of incentives for drivers of gasoline cars to make the switch, in the form of battery swap benefits, additional assisted driving function subscriptions and even a Nio mobile phone, according to the company’s official Weibo channel. XPENG meanwhile cut the price of some of its models by as much as 20,000 yuan and Chery Automobile said it will cover the cost of purchase taxes on selected models plus offered better trade ins for customers’ used cars. The moves run counter to what Elon Musk’s carmaker did earlier on Monday when it increased the price of its most popular Model Y sport utility vehicle.

Brand discussion - does it make sense for tech brands to expand their offering into the EV market? Xiaomi just launched its first Tesla competitor in China, leading to some interesting market dynamics. From my perception - the line is blurred - Everyone expects automotive brands to introduce EVs but if you think about it - it's as much a stretch going from Petrol/Diesel technology to EV as it is going from Electric scooters to Electric cars. I think it's a clever move - especially from Xiaomi. But what about others? Would an Apple car make sense - people will 100% trust it and pay big bucks for it and it will immediately rival the latest models from Mercedes and Porsche. let me know what you think. #branding #productstrategy #brandstrategy #ev

The newly launched BEV from Xiaomi has caused a bit of an excitement and a stir in the global EV markets. Chinese phone maker Xiaomi recently launched their first electric car (EV). Within the first 24 hours upon its debut, Xiaomi's EV model was booked by over 88,000 customers. These cars cost $4000 less compared to Tesla, and that makes them more attractive to buyers. Xiaomi's market value shot by 16% today and surpassed the total valuation of companies including General Motors and Ford. However, Xiaomi is reportedly set to bear losses with every sale. According to one estimate, the company would lose $10,000 on every car they sold. Why is Xiaomi entering the EV sector then? Palki Sharma tells you. Governments and OEMs of the Western countries and Japan could be worried of losing their market share. Could they start imposing massive import duties on the Chinses BEVs to protect their market share? What impact this trade war will have on the going green targets for the net zero? https://lnkd.in/djgSRXGg #BEV #Xioami #Tesla #China #competition

🚗 Insights from the Largest Automakers by Market Capitalization 🚗 Tesla's Market Dominance: Tesla leads with a whopping $563.69 billion market cap, showcasing its stronghold in the EV market and investor confidence in its growth. Rise of Chinese Automakers: BYD ranks third with $87.62 billion, highlights the growing influence of Chinese EV manufacturers globally. Luxury Brands Holding Strong: Ferrari ($75.48 billion) and Porsche ($73.64 billion) maintain high positions, reflecting the resilience and market value of luxury and performance brands. Global Representation: The top 10 automakers span the USA, Japan, China, Germany, Italy, and France underscoring the industry's global competitive landscape. Xiaomi's Entry into Automotives: Xiaomi, traditionally in consumer electronics, makes the list with a $57.91 billion market cap, marking its diversification into the EV market. These insights reveal the significant impact of electric and luxury vehicles, the rising power of Chinese automakers, and the dynamic, global nature of the automotive industry. 🌍🚗 #AutomotiveIndustry #MarketTrends #ElectricVehicles #LuxuryCars #GlobalMarket

Xiaomi the Chinese phone manufacturer enters the #automotive market with a new EV unlike Apple that recently pulled its automotive efforts. The dual-motor SU7 model has an overall output of 664bhp and a claimed 0-62mph time of 2.78sec. Initial SU7 models will feature a @CATL-supplied lithium-ion battery with an energy capacity of 101kWh and a range of more than 497 miles. The SU7 can gain up to 137 miles of range from a five-minute charge and 317 miles on a 15-minute charge. Future versions could include a 150kWh version of the battery for a range of up to 746 miles! No more range anxiety or waiting times for charging. It will be interesting to see how they get on! #ev #rangeanxiety #electricvehicles https://lnkd.in/eYpdxjva