China EVs & More

Episode #135 - BYD Moving Up the Charts, Foreign Legacies Chose to Enter China, Tesla Selling Online in China

Oct 3, 2023

BYD surpasses Ford to become the 4th best-selling automotive brand. Misconceptions about foreign legacies entering China market. Challenges for automakers in software development. Tesla to sell vehicles online in China. Leading figures in 2024. Competition and strategies in Chinese automotive market.

47:09

Episode guests

BYD

foreign legacies

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Chinese automaker BYD surpassed Ford in sales, signaling the increasing competition from Chinese brands.

Legacy automakers need to recognize the urgency to catch up with the advancements in the Chinese EV market.

Deep dives

UAW Strike and Ford's Partnership with CATL

The podcast discusses the ongoing UAW strike and its impact on the Ford CATL partnership. With articles peeling back the layers of the onion, it delves into how American and European automakers arrived at this point. Furthermore, it highlights the concern surrounding Ford's partnership with CATL and the potential jeopardy it faces due to the UAW strike. The discussion also touches on BYD surpassing Ford in sales and market cap, emphasizing the need for legacy automakers to recognize the growing competition from Chinese brands.

Introduction

2min

BYD's Rise in Market Share and Potential Impact on Ford

11min

Implications of CTLFP and Controversy at the Goshin Factory

2min

Mercedes and Nio's Potential Partnership

8min

Expanding Neil House and Retail Format in Beijing

10min

Recruiting, LA Gathering, Newsletter Recap, Autonomous Trucking Veto, Driverless Taxi Permits in Beijing

2min

Competition and Strategies in the Chinese Automotive Market

14min

This week's podcast begins with BYD jumping Ford to become the 4th best-selling automotive brand in the world for the month of July which should be a wake-up call to Ford management, if they've not been woken up yet.

Tu jumps on his soapbox to explain how the narrative about the foreign legacies entering the China market is incorrect and does his best to set the record straight about the real risks & rewards for the legacies that did decide to enter decades ago.

Their chat briefly revisits the Merc NIO collaboration and why it's folly for the automakers to think that they can become really good at SW development without some help. Tu emphasizes that good is one thing, but to be able to compete with Apple, Google, Amazon and the Chinese EV & tech companies is on an entirely different level.

Tu gives his take on who to look out for in 2024 for both good and bad reasons.

The podcast ends with Tu and Lei discussing the Tesla announcement that they will begin to sell their vehicles on e-commerce platforms in China in order to expand their reach and Tu talks about who is better positioned in the US to lead the EV transition.

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China EVs & More

Episode #135 - BYD Moving Up the Charts, Foreign Legacies Chose to Enter China, Tesla Selling Online in China

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

UAW Strike and Ford's Partnership with CATL

EU Commissioner's Statements and German Legacy Automakers

Neil's Sales Performance and Legacy Automaker Competition

Evergrande Crisis and Chinese Retail Strategy

Remember Everything You Learn from Podcasts