Chinese Auto Firms Urged to Lift Game Amid Foreign Competition

[Hamartia Antidote]

Chinese Auto Firms Urged to Lift Game Amid Foreign Competition

Chinese carmakers and their vast network of auto-parts suppliers need to become more competitive in order to fend off increasing competition from Tesla Inc. and foreign battery and chip manufacturers, an industry group said.

www.bloomberg.com

Chinese carmakers and their vast network of auto-parts suppliers need to become more competitive in order to fend off increasing competition from Tesla Inc. and foreign battery and chip manufacturers, an industry group said.

Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week.

Tesla has triumphed over domestic players like NIO Inc. and Li Auto Inc. when it comes to controlling costs and lowering the price of electric cars quickly to spur consumer demand, Cui said.

Cui’s admonition comes as EV sales in Europe jump as governments there stoke sales via incentives and subsidies. The China Association of Automobile Manufacturers said last week that many of the home-grown companies that supply car parts to conventional automakers risk being pushed out of business as the industry transitions to electric vehicles.

“Owning core technology is the key for Chinese companies,” said Yuan Chengyin, general manager of the National New Energy Vehicle Technology Innovation Center in Beijing. “Chinese companies will only be able to break bottlenecks if they come up with better offerings.”

A cobalt-free battery is one of the technologies that battery makers have been exploring. Cobalt is expensive because about half of the world’s supply comes from the Democratic Republic of Congo, where long-standing corruption and governance issues are compounded by the use of child labor in mining and high taxes on the metal.

Svolt Energy Technology Co., based in Changzhou in China’s eastern Jiangsu province, is developing a cobalt-free battery that will be used in Great Wall Motor Co.’s new models. The cars will have a driving range of as far as 800 kilometers, according to Svolt.

- John Liu, and Ying Tian

 

[F-22Raptor]

Chinese Auto Firms Urged to Lift Game Amid Foreign Competition

Chinese carmakers and their vast network of auto-parts suppliers need to become more competitive in order to fend off increasing competition from Tesla Inc. and foreign battery and chip manufacturers, an industry group said.

www.bloomberg.com

Chinese carmakers and their vast network of auto-parts suppliers need to become more competitive in order to fend off increasing competition from Tesla Inc. and foreign battery and chip manufacturers, an industry group said.



Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week.

Tesla has triumphed over domestic players like NIO Inc. and Li Auto Inc. when it comes to controlling costs and lowering the price of electric cars quickly to spur consumer demand, Cui said.

Cui’s admonition comes as EV sales in Europe jump as governments there stoke sales via incentives and subsidies. The China Association of Automobile Manufacturers said last week that many of the home-grown companies that supply car parts to conventional automakers risk being pushed out of business as the industry transitions to electric vehicles.

“Owning core technology is the key for Chinese companies,” said Yuan Chengyin, general manager of the National New Energy Vehicle Technology Innovation Center in Beijing. “Chinese companies will only be able to break bottlenecks if they come up with better offerings.”

A cobalt-free battery is one of the technologies that battery makers have been exploring. Cobalt is expensive because about half of the world’s supply comes from the Democratic Republic of Congo, where long-standing corruption and governance issues are compounded by the use of child labor in mining and high taxes on the metal.

Svolt Energy Technology Co., based in Changzhou in China’s eastern Jiangsu province, is developing a cobalt-free battery that will be used in Great Wall Motor Co.’s new models. The cars will have a driving range of as far as 800 kilometers, according to Svolt.

Well Tesla is far ahead of any other automotive company on the planet, and their moat is only growing. In 2 years, their production capacity will exceed 2 million vehicles. They have a legitimate chance of becoming the most valuable company on the planet. I think they exceed $1 trillion market cap within 5 years, maybe 3. They have so many avenues of growth, it’s almost guaranteed. A generational company...

 

[Nan Yang]

So how many cars does United States sell in Japan ?

Who is your real friend ?

 

[Beidou2020]

For how long though? BYD, Nio, XPeng, Li Auto are not going to stand still. I predict Tesla’s reign at the top of the Chinese EV market will be short lived. Same happened in the smartphone market when Apple and Samsung dominated a few years ago. Now look at who is dominating the Chinese smartphone market.

 

[Hamartia Antidote]

So how many cars does United States sell in Japan ?

Who is your real friend ?

I suppose you think China sells more stuff to Russia than the US?

China's "friends" aren't even in the top 10.

 

[Nan Yang]

I suppose you think China sells more stuff to Russia than the US?

China's "friends" aren't even in the top 10.

Does China treat Russia as an enemy ?

 

[Hamartia Antidote]

Does China treat Russia as an enemy ?

Does the US treat Japan as an enemy?

 

[Beast]

Chinese Auto Firms Urged to Lift Game Amid Foreign Competition

Chinese carmakers and their vast network of auto-parts suppliers need to become more competitive in order to fend off increasing competition from Tesla Inc. and foreign battery and chip manufacturers, an industry group said.

www.bloomberg.com

Chinese carmakers and their vast network of auto-parts suppliers need to become more competitive in order to fend off increasing competition from Tesla Inc. and foreign battery and chip manufacturers, an industry group said.



Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week.

Tesla has triumphed over domestic players like NIO Inc. and Li Auto Inc. when it comes to controlling costs and lowering the price of electric cars quickly to spur consumer demand, Cui said.

Cui’s admonition comes as EV sales in Europe jump as governments there stoke sales via incentives and subsidies. The China Association of Automobile Manufacturers said last week that many of the home-grown companies that supply car parts to conventional automakers risk being pushed out of business as the industry transitions to electric vehicles.

“Owning core technology is the key for Chinese companies,” said Yuan Chengyin, general manager of the National New Energy Vehicle Technology Innovation Center in Beijing. “Chinese companies will only be able to break bottlenecks if they come up with better offerings.”

A cobalt-free battery is one of the technologies that battery makers have been exploring. Cobalt is expensive because about half of the world’s supply comes from the Democratic Republic of Congo, where long-standing corruption and governance issues are compounded by the use of child labor in mining and high taxes on the metal.

Svolt Energy Technology Co., based in Changzhou in China’s eastern Jiangsu province, is developing a cobalt-free battery that will be used in Great Wall Motor Co.’s new models. The cars will have a driving range of as far as 800 kilometers, according to Svolt.

Typical lowlife American article attempt to boast American while suppress China.

China has no competitive supply chain? Then what is CATL and BYD doing for BMW, Mercs and other establish auto brand?

Then why is Xpeng P7 and BYD Han aim to compete with Tesla S but price lower than Tesla model 3?

The writer need to come up with more substances before qualify to write truthful report.

 

[Beidou2020]

Typical lowlife American article attempt to boast American while suppress China.

China has no competitive supply chain? Then what is CATL and BYD doing for BMW, Mercs and other establish auto brand?

Then why is Xpeng P7 and BYD Han aim to compete with Tesla S but price lower than Tesla model 3?

The writer need to come up with more substances before qualify to write truthful report.

It is to soothe the bruised ego of white man.

 

[Beast]

It is to soothe the bruised ego of white man.

They can't beat China and need to resort to writing junk to ease their wounded ego. First come out with a shanghai EV sales report to brag about their poor tesla sales report anywhere in China except shanghai then start to claim China cant make a good EV price competitive enough to challenge Tesla. Finally claim China has no world class automobile supply chain.

Next time they will claim China has an economy size of only USD 1 trillion in 2020 and will take one hundred years to catch up USA.

They are becoming more like Indian who can only write BS to delude themselves from reality of losing to China in every front.

 

[Kai Liu]

Typical lowlife American article attempt to boast American while suppress China.

China has no competitive supply chain? Then what is CATL and BYD doing for BMW, Mercs and other establish auto brand?

Then why is Xpeng P7 and BYD Han aim to compete with Tesla S but price lower than Tesla model 3?

The writer need to come up with more substances before qualify to write truthful report.

It is Tesla who does not have its supply chain... LOL... They have to source batteries from Panasonic, yet boasting like there is no tomorrow...

 

[Nan Yang]

Does the US treat Japan as an enemy?

Does US treat China as an enemy ?

 

[patero]

Typical lowlife American article attempt to boast American while suppress China.

China has no competitive supply chain? Then what is CATL and BYD doing for BMW, Mercs and other establish auto brand?

Then why is Xpeng P7 and BYD Han aim to compete with Tesla S but price lower than Tesla model 3?

The writer need to come up with more substances before qualify to write truthful report.

Did you even read the article, which quotes two Chinese automotive industry experts?

'Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week'

And: ' “Owning core technology is the key for Chinese companies,” said Yuan Chengyin, general manager of the National New Energy Vehicle Technology Innovation Center in Beijing. “Chinese companies will only be able to break bottlenecks if they come up with better offerings.”

The article is actually constructive and truthful for the Chinese automotive supply chain industry, finishing on a specific and positive point about how improvements can be made. Instead your filters interpret the article as 'white man bad, unfairly criticize China'.
.

 

[cgy]

Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week.

'Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week'

Oh, come on, this website is full of the crazy words of Indian idiots. Can you Americans and new Zealanders not learn from them?

I don't know who Cui Dongshu is, and I don't know what the China passenger car association is. Maybe tomorrow I will register a company called China automobile observer, and then what I say can be used as evidence to be quoted by the media?

Is Bloomberg like the times of India now? When interviewing a person, don't you know whether the person's words have credibility? So tomorrow, a random YouTuber interviewed a Utah man and asked him about his views on American marriage. The man said that any woman who got on his car was willing to be one of his wives by default, and then this person's opinion could be used as evidence to write a report to be published?

Global 500

Among the top 500 enterprises in the world, there are 8 automobile enterprises in China.

52nd SAIC Motor

89th China FAW Group

100th Dongfeng Motor

134th Beijing Automotive Group

206th Guangzhou Automotive Industry Group

243th Zhejiang Geely Holding Group

301st Jardine Matheson

434th China South Industries Group

 

[Hamartia Antidote]

I don't know who Cui Dongshu is, and I don't know what the China passenger car association is. Maybe tomorrow I will register a company called China automobile observer, and then what I say can be used as evidence to be quoted by the media?

Since you find it easier to type a completely dumb sentence than doing a 2 second search let me help you out on seeing what Xinhua says about him

Cui Dongshu Xinhua

For those who think it's easier to annoy you than to Google 'Cui dongshu xinhua' themselves.

letmegooglethat.com

Hmmm...multiple hits

Apparently Xinhua thinks he is important enough to get his opinion on the Chinese Auto industry..but I agree Xinhua is a well known purveyor of fake news and is full of idiots.

Here's an example:

SAIC Motor auto sales rebound in April - Xinhua | English.news.cn

SAIC Motor auto sales rebound in April

SHANGHAI, May 3 (Xinhua) -- Major Chinese automaker SAIC Motor reported a sales recovery in April after steep sales declines in the first quarter of 2020 amid the COVID-19 epidemic.

The Shanghai-based carmaker said Saturday it sold 433,000 vehicles in April, up 0.5 percent year on year. Of all, 413,000 vehicles were sold in the domestic retail market, a year-on-year increase of 1.3 percent.

Its auto sales plunged 55.7 percent year on year to 679,028 units during the January-March period, the carmaker said in mid-April.

The positive sales growth in April was achieved with government support policies.

The Chinese central government as well as many local governments have rolled out measures to boost car sales. Carmakers also have introduced new sales approaches including live streaming car sales to reach consumers who were staying at home.

"The government support policies and carmakers' promotional activities are set to stimulate the potential of automobile consumption," said Cai Bin, assistant president of SAIC Motor.

The company will seize the opportunity and introduce major sales promotion carnival to boost auto consumption in May and June, the traditional peak season for auto sales, Cai said.

Cui Dongshu, secretary general of the China Passenger Car Association, said the government favorable policies will help promote the future sustainable development and upgrading of automobile consumption in China and a V-shaped recovery is almost set for the country's auto market. Enditem