$Tesla (TSLA.US)$ Tesla doesn't seem on track to meet its 2024 sales targets. Now it's leaning hard on holiday lease deals and offers to meet its goals. It's a hypocrisy of epic proportions. A company led by a CEO who vehemently opposes federal incentives is now leveraging them aggressively as 2024 draws to a close. Musk supports ending the consumer EV credits, arguing they would ultimately benefit his company and hurt competitors - b...
$BYD COMPANY (01211.HK)$$BYD Company ADR (BYDDY.US)$ BYD targets a 15% cost reduction for its second-generation blade battery, which will launch in the first half of 2025, a source familiar with the matter told CarNewsChina. BYD's blade battery 2.0 will have an energy density of up to 210 Wh/kg and support 16C peak discharge. BYD will offer a short blade format for its second-gen lithium iron phosphate battery (LFP) with 160 Wh/kg energy density...
bullrider_21
OP
:
Battery is the main component in the cost of an EV. If you can decrease the battery cost, you can reduce the EV selling price and generate more sales.
$BYD COMPANY (01211.HK)$$BYD Company ADR (BYDDY.US)$ China's top electric vehicle maker BYD gained market share as the world's largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and overtake Ford and Honda. BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue that surpassed Tesla in the third qu...
10baggerbamm
:
well that's fine they'll never sell in the United States I will guarantee you that in bet any amount of money that you will not find a single Chinese car in the United States under Trump and by the way last time I checked Tesla is a technology company not a car company.
bullrider_21
OP
10baggerbamm
:
China is fine in not selling their EVs in US. There are so many other countries. Yes. So is Xpeng which is also making humanoid robots, flying cars and robotaxis besides EVs.
$Tesla (TSLA.US)$$BYD COMPANY (01211.HK)$$NIO Inc (NIO.US)$$XPeng (XPEV.US)$ The 2 articles showed how the two major EV makers treat their suppliers - Tesla shortens supplier payment cycle and BYD pressurized suppliers to slash cost: 1) Carscoops: A leaked email from BYD executive vice president He Zhiqi recently surfaced on Chinese social media, revealing the company’s aggressive cost-cutting plans. The email, titled “BY...
beedeebee
:
Longer payment cycle does not mean the company is able to manage cost and productivity. I prefer companies with longer payable turnover, strong cash on hand for deployment, and additional income from cash sitting in the bank. That being said, BYD have strong negotiation power compared to tesla. Cash and Cashflow is king.
ZnWC
OP
beedeebee
:
Like I mentioned above, BYD may gain some advantages in squeezing the supplier (longer payment cycle and cut cost). But in the longer term, such practice will trigger a vicious cycle of supply chain shut down and eventually producing lower quality vehicles. The long payment cycle of Chinese EV makers (like BYD and NIO) of almost 300 days showed the company may be facing an unsustainable price cutting war.
beedeebee
ZnWC
OP
:
I don't see a direct relationship to supply chain shutdown and or producing lower quality products. big company don't usually go with just single supplier.
ZnWC
OP
beedeebee
:
Supply chain is an important factor to ensure the vehicle quality especially the core parts. Your mentality is short term gain hence you don't see the connection. Tesla seeks to work with the suppliers for the longer term in a win-win relationship.
$BYD COMPANY (01211.HK)$$BYD Company ADR (BYDDY.US)$ BYD has put its new car carrier, BYD Changzhou, into operation, adding transportation capacity to the Chinese new energy vehicle (NEV) maker's exports. BYD Changzhou -- the company's second ro-ro vessel -- went into operation after receiving delivery, Wang Junbao, general manager of BYD Corporate Division, announced on Weibo. The car carrier is headed to Euro...
$BYD COMPANY (01211.HK)$$BYD Company ADR (BYDDY.US)$ It may come as a surprise to some, but the US and Germany are not the only new car markets on Earth. Tons of new cars are sold every year in Southeast Asian countries like Singapore, Indonesia, Thailand, and Malaysia. Those markets have traditionally been ignored by German and US car manufacturers, but Japanese brands such as Toyota, Honda, Nissan, and Mitsubishi have ...
$Tesla (TSLA.US)$$BYD COMPANY (01211.HK)$$NIO Inc (NIO.US)$$XPeng (XPEV.US)$ Analysis of third quarter financial statements reveals that Tesla is the #2 most profitable large automaker globally. My Take: BYD is #10. Nio and Xpeng are still making losses. According to AJ, Kia may be #1 but its profitability is weakening. Unlike Tesla, Kia only got the auto leg to stand on. Tesla is significantly diversified in terms of gross profit rel...
Am I reading this right? So,$NIO-SW (09866.HK)$gets held up due to$BYD COMPANY (01211.HK)$battery supply issues, which it might have been able to anticipate earlier. For December,$Contemporary Amperex Technology (300750.SZ)$will supply 6k to 8k per month. How is Onvo going to reach its 10k goal without once again purchasing from BYD to make up the difference in battery supply? If it does, how can it guarantee it won't face similar supply issues? Or have t...
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bullrider_21
:
As far as I know, Nio and Onvo 's sales are constrained by production capacity until Nio's new factory is ready in Q1 or Q2 next year.
Tesla doesn't seem on track to meet its 2024 sales targets. Now it's leaning hard on holiday lease deals and offers to meet its goals.
It's a hypocrisy of epic proportions. A company led by a CEO who vehemently opposes federal incentives is now leveraging them aggressively as 2024 draws to a close. Musk supports ending the consumer EV credits, arguing they would ultimately benefit his company and hurt competitors - b...
BYD targets a 15% cost reduction for its second-generation blade battery, which will launch in the first half of 2025, a source familiar with the matter told CarNewsChina. BYD's blade battery 2.0 will have an energy density of up to 210 Wh/kg and support 16C peak discharge.
BYD will offer a short blade format for its second-gen lithium iron phosphate battery (LFP) with 160 Wh/kg energy density...
China's top electric vehicle maker BYD gained market share as the world's largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and overtake Ford and Honda.
BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue that surpassed Tesla in the third qu...
The 2 articles showed how the two major EV makers treat their suppliers - Tesla shortens supplier payment cycle and BYD pressurized suppliers to slash cost:
1) Carscoops:
A leaked email from BYD executive vice president He Zhiqi recently surfaced on Chinese social media, revealing the company’s aggressive cost-cutting plans. The email, titled “BY...
BYD has put its new car carrier, BYD Changzhou, into operation, adding transportation capacity to the Chinese new energy vehicle (NEV) maker's exports.
BYD Changzhou -- the company's second ro-ro vessel -- went into operation after receiving delivery, Wang Junbao, general manager of BYD Corporate Division, announced on Weibo.
The car carrier is headed to Euro...
It may come as a surprise to some, but the US and Germany are not the only new car markets on Earth. Tons of new cars are sold every year in Southeast Asian countries like Singapore, Indonesia, Thailand, and Malaysia. Those markets have traditionally been ignored by German and US car manufacturers, but Japanese brands such as Toyota, Honda, Nissan, and Mitsubishi have ...
Analysis of third quarter financial statements reveals that Tesla is the #2 most profitable large automaker globally.
My Take: BYD is #10. Nio and Xpeng are still making losses.
According to AJ, Kia may be #1 but its profitability is weakening. Unlike Tesla, Kia only got the auto leg to stand on. Tesla is significantly diversified in terms of gross profit rel...
$BYD Company Limited (002594.SZ)$ $BYD COMPANY (01211.HK)$ $Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $NIO Inc. USD OV (NIO.SG)$ $NIO-SW (09866.HK)$
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