China EVs & More Episode #155 - Lunar New Year Hangover, 电比油滴, US Govt Investigation, HiPhi for Sale
Lei begins this podcast with a brief explanation of the effects of the Lunar New Year on passenger vehicle sales traditionally.
Tu points out BYD's social media campaign about how 'electric is cheaper than gas' after they'd cut prices of their already low priced vehicles, so much so that they are cheaper than ICE vehicles from Volkswagen and some of the other foreign automakers.
Lei predicts that Li Auto may be the next EV startup that emerges from the pack in 2024 as others continue to struggle with price cuts and vehicles that aren't as popular among Chinese consumers.
Tu and Lei then spend a few minutes to share their opinions on the US goverment's connected vehicle investigation and let's just say that both seem skeptical.
The podcast ends with a discussion on potential HiPhi partners or acquirers including a look at Changan who have been rumored to be kicking the tires recently.
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