Lei Xing, a Chinese auto industry expert, discusses the competition between BYD and Tesla in the global EV market. He explores the challenges and opportunities for Chinese manufacturers, their groundbreaking innovations, and the dominance of Chinese EVs in Southeast Asia. He also touches upon the focus on hydrogen fuel innovation by Japanese and Korean automotive industries.
01:00:59
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Lei Xing's Career Journey
Lei Xing grew up in the US and helped his father start an English newsletter about the Chinese auto industry in the mid-90s.
This early exposure led him to return to China after college and deeply understand the automotive market on the ground.
insights INSIGHT
China's Dominance in EV Market
China produces about 30 million light vehicles annually, roughly 37.5% of global sales.
Chinese EVs account for about 50% of global EV shipments, showing China's dominant position in EV production and export.
question_answer ANECDOTE
Origins of China's Smart EV Startups
The ‘Big Three’ Chinese EV startups are Nio, Xpeng, and Li Auto, founded by tech entrepreneurs with internet backgrounds.
Two founders owned Tesla Model S cars before starting their EV companies, linking early Tesla influence to their ventures.
Get the Snipd Podcast app to discover more snips from this episode
“One thing I can add is the awakening, the shaking up, the shaping up of the rest of the global auto industry from the Chinese is in full swing. The Chinese are coming. And if the Western automakers are prepared, they're going to have a much tougher moment than when they confronted the Japanese or the Koreans. The Japanese [and] Koreans, they're very successful. Let's say in the U.S., but this is a whole different issue - the geopolitical aspect. But you know, they're coming.” - Lei Xing
Fresh out of the studio, Lei Xing, founder of AutoXing & co-host of China EVs & More, shared his insights into the Chinese electric vehicle (EV) market and its implications for the global EV market. Lei discussed his career journey and the inspiration behind covering the China EVs market through his podcast. He broke down the competitive dynamics between Tesla and BYD based on their current strategies for global market expansion and technological challenges. He shared his perspectives on whether Chinese EV makers can rinse and repeat the solar panel strategy against the rest of the automotive companies in the world. Last but not least, he shared the groundbreaking innovations at CES 2024 and emphasized the challenges and opportunities ahead for Chinese manufacturers and their vision for long-term success in the EV industry globally.
Episode Highlights: [0:50] Quote of the Day #QOTD by Lei Xing. [1:21] Introduction: Lei Xing from China EVs & More. [8:60] China EVs and more podcast and their coverage. [10:17] Lessons learnt from Lei Xing’s career journey. [11:40] Overview of the global EV landscape & China’s market share in EVs. [15:27] The China smart EV makers after BYD. [20:15] The competitive advantage of Chinese EV makers. [23:26] How Tesla Invigorates the EV Competition in China. [24:36] The one thing that Lei Xing knows about China EV makers that very few do. [27:00] How Chinese EV makers are competing in the global market. [30:57] Can Chinese EV makers rinse and repeat the solar panel strategy to win the EV market? [32:50] How BYD emerged in the US since 2011. [37:21] Tesla vs BYD in AI, autonomous driving and robotics. [41:43] How Tesla is competing in China and other parts of the world. [46:40] Breakthroughs in EVs and self-driving cars at CES 2024. [51:14] The bet on hydrogen fuel cars by Japanese automotive makers. [53:14] Outlook for Chinese EVs in the 5-10 years. [56:33] Will China EVs go upstream to the hypercars against Ferrari? [58:03] What does success mean for Chinese EV companies in the next 5-10 years? [59:43] Closing.
Podcast Information: Bernard Leong hosts and produces the show. Proper credits for the intro and end music: "Energetic Sports Drive" and the episode is mixed & edited in both video and audio format by G. Thomas Craig.
Analyse Asia with Bernard Leong