China EVs & More
Episode #160 - March sales, Snapshot of the Price War, BJ auto show expectations
Apr 18, 2024
Discussing March sales numbers, ongoing price war challenges, and Xiaomi's sales momentum. Preview of Beijing Auto Show expectations. Ford and Stellantis brand Ram facing challenges in US truck sales. Speculating on Tesla's growth in sales for the year.
32:14
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Quick takeaways
- Consistency in sales and performance is crucial during the ongoing EV price war.
- Xiaomi's positive press and consumer-friendly strategies set a promising tone for future market developments.
Deep dives
China's EV Market Performance in March
The podcast discusses the performance of China's EV market in March, highlighting the challenges of comparing quarter-over-quarter statistics due to factors like the Chinese New Year and shutdowns. Despite the March numbers not being as expected for some companies like Li-Otto and Nio, BYD showed resilience with a stable run rate of around 300,000 units. The market sees a prolonged price war since January 2023, emphasizing the importance of consistency in sales performance. Additionally, Tesla faced global challenges with 57% of its sales coming from China, indicating a need for growth in other regions.
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