The Ledger
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Chinese automakers will likely acquire vulnerable legacy brands like Nissan and Stellantis
“One is Nissan, and the other is Stellantis, the group that owns, you know, Fiat, and Maserati, and Jeep, and Chrysler brands. Those two are the most vulnerable, so what will happen is either they'll joint venture with the Chinese And eventually be taken over b…”
China has enough capacity to meet half of global car demand
“China has enough capacity today to supply half the world's demand for cars, and it's not out of the question that one day China could be Capable of producing all the cars for everybody in the world.”
The US is essentially the only nation effectively blocking Chinese cars
“So we are basically more or less the only nation in the world that effectively blocks Chinese cars.”
Chinese AV makers are commercializing faster globally than their US rivals
“The U.S. Leads in technological innovation, but China, once again, is quicker when it comes to commercialization. Not only inside China, but we're seeing the Chinese autonomous vehicle makers move into the Middle East, and in the U.K. And Germany now, moving q…”
Chinese automakers will target high-margin US trucks and SUVs, not cheap EVs
“The Chinese are starved for profits, and when I talk to the Chinese manufacturers, they're far less interested in solving America's affordability program and far more interested in saying, how can we attack the larger SUV and pickup truck segments?”
Chinese automakers will inevitably enter the US market via JVs or acquisitions
“Potentially, but I think realistically it's like gravity or water. The Chinese are going to find a way in and it may be by acquiring Stellantis or a Nissan or a plant inside or rebadging. It's a leap motor, but it's badged a Dodge and people start to show.”
China has 15 to 20 million units of idle car manufacturing capacity
“So to put some numbers to it, this year, China has capacity to build about fifty five million cars. Their domestic demand is twenty five million. They'll export another ten million. That leaves 15 to twenty million in excess capacity idle, looking for new mark…”
China is on track to export 12 million cars this year
“This year, they're on track to export twelve million cars. Twelve million.”
Chinese EVs cost 30 to 40 percent less than Western competitors
“In terms of comparison to Europe and the United States, they're 30 to 40% less expensive.”
Volkswagen will close plants and lay off 50,000 workers by 2030
“Volkswagen's come out and said between now and 2030, they'll lay off 50,000 people. This is unprecedented. They're closing plants for the first time since World War II.”
Mexico is the single largest export destination for Chinese vehicles
“And for the last two years, Mexico's has been the single largest destination of Chinese exports.”
China has auto overcapacity in every powertrain, not just electric vehicles
“EVs, PHEVs, hybrids, gasoline, they have overcapacity in every powertrain, and we're seeing exports to last year, half of them were EVs, half of them were gasoline-powered vehicles.”
EVs jumped from 5 percent to 50 percent of China's market since 2020
“Electrics were five percent of the Chinese market in 2020. They're half now”
China has over 60 automakers and more than 100 car brands
“So one of the crazy things, you probably saw this in Solar too, so there are dozens and dozens of Chinese car makers. At last count, there's more than 60 And more than a hundred individual brands.”
China's EV disruptors were founded by tech and software billionaires
“They've just been born in the last decade. Some of them are only five years old, and they've been founded by billionaires who made their fortunes originally in software, in the tech industry inside China.”