China EVs & More Episode #150 - China's BIG challenges, the Lotus Emeya and TuSimple Exits Stage Left
Lei throws a curveball to begin the show and talks about some of China’s societal challenges, namely the aging population and shrinking number of babies born. Tu chimes in with his experience coming to the US at a very early age.
They broaden the discussion out a bit to bring in a few more noteworthy challenges to round out the discussion.
Tu & Lei get into some of the discounts that were announced last week and get into the forecasted export numbers and some of the surprise automakers that could be exporting out of China in 2024.
Tu points out that each year that the China market breaks sales records makes the following year even tougher to top. And the combination of a tough Chinese economy, high interest rates and the slowdown in the US & EU all point to a more challenging 2024.
Tu shifts the conversation to the Lotus Emeya and what brands and products it may be going after and whether or not they should be nervous.
The podcast closes on the news that TuSimple is exiting the US market and how EV related IPOs aren’t likely going to find many takers in 2024.
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