China EVs & More Episode #136 - Double Holiday edition, September China Sales, The Hits (and Runs) Keep Coming for Cruise
Tu and Lei begin the podcast with a brief discussion about the double holiday being celebrated in China - National Day & Mid-Autumn Festival.
Lei then transitions the discussion to September sales and it wasn't very pretty for many EV companies. Tu reminds everyone that new vehicles were just launched by some brands and that those sales vehicles sales wouldn't be reflected until Q4'23.
Tu and Lei key in on XPeng and NIO to disuss their particular situations and move onto a few other surprise EV companies whose sales numbers stood out including BYD's continuous solid monthly numbers.
Tu and Lei turn their attention to the US market, the current UAW situation and the low take rate that has created more EV inventory than expected for US automakers.
Tu and Lei end the podcast with a discussion on the recent Cruise accident in SF and US EV startup INDI EV's bankruptcy that further complicates Foxconn's entry into the EV contract manufacturing space.
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