The EV fact thread

[BIGDOG]

In the news today

Honda slashes EV budget in fresh blow for the electric car industry

The Japanese automotive giant says it now expects around 20 per cent of its car sales to be electric by 2030, rather than 30 percent, amid dwindling demand.

www.thisismoney.co.uk

Happy days eh?

 

[190]

it is interesting to see that Japanese car manufacturers in general seem unconvinced about pure-EVs,

They are a pragmatic culture and make their own mind up about things on a practical basis rather than drinking the Kool-aid.
In a similar vein Japan hasn't latched on to wokeness either. Truly a sensible people it seems.

 

[BTB 500]

Happy days eh?

Nope, just an EV fact which will likely be of interest to some.

 

[Connoisseur]

Long line of brand new chargers at jct 10 M6 in the car park of The Village Hotel with Starbucks inside and KFC across the road. Not sure hitched up charging like this will be possible for very long

 

[Connoisseur]

View attachment 172658
Long line of brand new chargers at jct 10 M6 in the car park of The Village Hotel with Starbucks inside and KFC across the road. Not sure hitched up charging like this will be possible for very long

 

[Connoisseur]

iirc they’ve got 14 bays in total which, just off the M6 at Walsall will be a boon for many….

 

[SmartAmg]

iirc they’ve got 14 bays in total which, just off the M6 at Walsall will be a boon for many….

Love that Caravan! Great colour too.

 

[Bobby Dazzler]

iirc they’ve got 14 bays in total which, just off the M6 at Walsall will be a boon for many….

Loving the caravan, very cool.

 

[SpikyMikey]

Love that Caravan! Great colour too.

Vantastic.
Reminds me a bit of this:

 

[SmartAmg]

Vantastic.
Reminds me a bit of this:
View attachment 172661

Brilliant! Love it!

 

[markjay]

Vantastic.
Reminds me a bit of this:
View attachment 172661

Is it Terry's?

 

[Ted]

Is it Terry's?

It’s outspanding.

 

[Bobby Dazzler]

Is it Terry's?

It’s not Terry’s, it’s mine.

 

[Bobby Dazzler]

Vantastic.
Reminds me a bit of this:
View attachment 172661

I used to love this in period. I seem to remember it featured in my Observer’s Book of Cars, or maybe I Spy Cars book.

 

[BIGDOG]

Vantastic.
Reminds me a bit of this:
View attachment 172661

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[Connoisseur]

Vantastic.
Reminds me a bit of this:
View attachment 172661

Yes, reminds me a lot of that

 

[markjay]

BYD stocks plunge after price cuts as EV sales surpass Tesla in Europe

Shares of BYD plunged following steep discounts across several models, stoking fears of a renewed price war in China’s EV market. However, the Chinese automaker is still expected to maintain robust growth, particularly against global rival Tesla.

www.euronews.com

"Shares of BYD, the largest Chinese electric vehicle brand, tumbled 8.6% on Monday following news that the company offered steep discounts in some models, sparking concerns about a fresh price war in China’s EV markets......

.....The aggressive pricing strategy has raised concerns over slowing EV demand amid persistent weakness in the Chinese economy and heightened US-China trade tensions. Other major Chinese EV makers also saw declines on Monday, with shares of Geely, Great Wall Motor, and Xpeng falling between 4% and 9% due to fears that deeper discounts could squeeze sector profit margins."

Trump's long arm?

 

[SmartAmg]

All the better for, Joe Public. Who want a new EV.

 

[Will]

BYD stocks plunge after price cuts as EV sales surpass Tesla in Europe

Shares of BYD plunged following steep discounts across several models, stoking fears of a renewed price war in China’s EV market. However, the Chinese automaker is still expected to maintain robust growth, particularly against global rival Tesla.

www.euronews.com

"Shares of BYD, the largest Chinese electric vehicle brand, tumbled 8.6% on Monday following news that the company offered steep discounts in some models, sparking concerns about a fresh price war in China’s EV markets......

.....The aggressive pricing strategy has raised concerns over slowing EV demand amid persistent weakness in the Chinese economy and heightened US-China trade tensions. Other major Chinese EV makers also saw declines on Monday, with shares of Geely, Great Wall Motor, and Xpeng falling between 4% and 9% due to fears that deeper discounts could squeeze sector profit margins."

Trump's long arm?

I’m no expert on shares, but is the story a little misleading regards share prices?

There seems to be quite a lot of volatility in these sorts of shares in general?

BYD Ord Shs A (002594) Stock Price & News - Google Finance

Get the latest BYD Ord Shs A (002594) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

www.google.com

 

[markjay]

My understanding is that the steep discounts apply to the domestic market in China only, in response to concerns regarding the Chinese economy (and future demand for new cars) - in Europe the Chinese have massive growth as it is.

I've seen on the Continent EVs from BYD, Zeekr, and Jaecoo, they seem like they are well ahead of European EVs. I was very impressed.

I think the future isn't rosey for European EV manufacturers, tariffs or no tariffs. Personally, I believe that they will have to merge or form joint ventures with Chinese EV manufacturers if they want to survive.

The EU doing a 180⁰ on EVs could help European car manufacturers, because they still rule when it comes to ICE, but it will take a European version of Trump to effect such a U-turn. And so, it remains unlikely.

In all that, only Hyundai and Kia seem to be giving the Chinese competition. Tesla is faltering, and the Japanese manufacturers just aren't into EVs big time.