China EVs & More Episode 125 - Bigger Stimulus for EV purchase on the way, BYD wants to build in India, Unpacking NIO Power Day
Lei gets right to it with his update that 13 ministries have combined to initiate measures to boost auto consumption as the economic growth is China has still gotten past its Zero COVID funk. Tu and Lei then take a few minutes to go over some economic data over the last few months.
Tu and Lei then move the discussion over to whether Audi can turn it around even after the announced partnership with SAIC for its EV platform. Tu then broadens out his discussion to all of ABB (Audi, BMW, Benz) and their chances to turn it around in China.
The discussion moves over to BYD and their ambitions in India and the challenges that still lie ahead of them as they make are looking to manufacture locally there. Tu spends a few minutes to give a history lesson the automotive sector's previous inroads into India.
Lei closes the podcast with a summary of NIO's Power Day. Tu and Lei share their thoughts on the statistics and accomplishments that were communicated for both the NIO charging infrastructure and swapping stations.
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