China Economy: News & Discussion

Azaad

Senior Member
Joined
Nov 1, 2022
Messages
6,609
Likes
24,514
Country flag
They would be BYD, MG, Volvo, also would be BMW, Mini Copper, Tesla.

My friend bought a Shenyang made BMW i3, in Germany.



MIT Technology Review:

Earlier this month, a massive ship picked up over 5,000 electric cars from two ports in northern and southern China. Five days later, it passed through Singapore, and it is now headed for India.

.... ...

I can understand the non Chinese make India imports but as far as Chinese EV automakers go here's the scenario :

https://www.scmp.com/business/compa...on-over-underpayment-levies-imported-ev-parts

And this is the break up of Chinese exports to India


Gradually the stage is being set for a total ban of Chinese EVs into India . But you have the gwailou market to fleece. All the best to you from every Indian in here or out there .
 

SexyChineseLady

Senior Member
Joined
Oct 3, 2016
Messages
4,967
Likes
3,870
Lady those Honda & Toyota models are literally 30-40 yrs old . Every now & then these Japanese cos tweak something in those cars & come out with a new model which must have been selling like hot cakes in China . They should've been retired by those companies decades ago .
They are among the best selling vehicles in America -- and top three for passenger cars (excluding SUVs and pickups) ;)

IMG_6281.jpeg
 

Azaad

Senior Member
Joined
Nov 1, 2022
Messages
6,609
Likes
24,514
Country flag
They are among the best selling vehicles in America -- and top three for passenger cars (excluding SUVs and pickups) ;)

View attachment 242658
Because ordinary Americans as a people are being pauperised which is why they can't afford better more expensive models & since China & by extension Chinese can't do anything original they ape the Americans even as far as purchase of cheap cars go. HaiHo !! 😉
 

SexyChineseLady

Senior Member
Joined
Oct 3, 2016
Messages
4,967
Likes
3,870
Because ordinary Americans as a people are being pauperised which is why they can't afford better more expensive models & since China & by extension Chinese can't do anything original they ape the Americans even as far as purchase of cheap cars go. HaiHo !! 😉
Corollas and Accords are very expensive to most peoples except for Chinese and peoples in the First World like Americans (Americans pays even more than Chinese!)

But even though Corollas and Hondas are cheaper in China, they are losing to EVs:
IMG_6282.jpeg


Neither the Corolla nor the Accord is sold in India because they are out of the market's price range:

IMG_6284.jpeg


IMG_6283.jpeg
 

Azaad

Senior Member
Joined
Nov 1, 2022
Messages
6,609
Likes
24,514
Country flag
Corollas and Accords are very expensive to most peoples except for Chinese and peoples in the First World like Americans (Americans pays even more than Chinese!)

But even though Corollas and Hondas are cheaper in China, they are losing to EVs:
View attachment 242660

Neither the Corolla nor the Accord is sold in India because they are out of the market's price range:

View attachment 242668

View attachment 242669
Good . That goes to prove Indians have a mind of their own unlike the Chinese who simply ape the west especially Americans in everything including choice of a car.

Who says the Corolla or the Accord were never sold in India ? They were sold in India except they stopped attracting the Indian customer because it was obsolete & Indians saw thru the Japanese game of recycling the same old automobiles with new model numbers unlike the Americans or the Chinese.

The snippet you've posted here itself says poor sales of the Corolla stopped Toyota from selling the model in India . As usual you either don't read what you've posted or don't understand what is said there

Meanwhile this is the average price of a car in the US .

Data from Kelley Blue Book puts the average cost of a new car at $48,008 as of March 2023. That's 1.1% lower than the average price in February, which was $48,558. However, there was a 3.8% increase in transaction prices in the last 12 months.


Looks like the MSS is feeding you with inaccurate data & the person who's feeding you this inaccurate data must be a Gaokao fail like you yourself
 
Last edited:

SexyChineseLady

Senior Member
Joined
Oct 3, 2016
Messages
4,967
Likes
3,870
Good . That goes to prove Indians have a mind of their own unlike the Chinese who simply ape the west especially Americans in everything including choice of a car.

Who says the Corolla or the Accord were never sold in India ? They were sold in India except they stopped attracting the Indian customer because it was obsolete & Indians saw thru the Japanese game of recycling the same old automobiles with new model numbers unlike the Americans or the Chinese.

The snippet you've posted here itself says poor sales of the Corolla stopped Toyota from selling the model in India . As usual you either don't read what you've posted or don't understand what is said there

Meanwhile this is the average price of a car in the US .





Looks like the MSS is feeding you with inaccurate data & the person who's feeding you this inaccurate data must be a Gaokao fail like you yourself
All of the top cars affordable in the West and China have poor sales in India ;)

Indian market is very small for cars designed for the developed world. This is across the board.

For example, Mercedes sold more than TWICE as many vehicles in China (737K) as the US (359K).

But about 45 times more than India (17K)!!!

IMG_6286.jpeg


IMG_6287.jpeg


IMG_6285.jpeg
 

Azaad

Senior Member
Joined
Nov 1, 2022
Messages
6,609
Likes
24,514
Country flag
All of the top cars affordable in the West and China have poor sales in India ;)

Indian market is very small for cars designed for the developed world. This is across the board.

For example, Mercedes sold more than TWICE as many vehicles in China (737K) as the US (359K).

But about 45 times more than India (17K)!!!

View attachment 242670

View attachment 242671

View attachment 242672
Are you actually comparing mercedes benz , bmw & audi latest cars to obsolete Japanese car models ike Accord & Corolla ? What's wrong with you ? Besides those top selling German cars in China are essentially to your CCP masters & their cronies in businesses not Han slaves like you. 😉
 

ym888

Senior Member
Joined
Mar 11, 2021
Messages
1,885
Likes
1,182
Chinese brands top Israel's electric car sales in Jan.-Feb.
(Xinhua) 08:29, March 04, 2024

This photo taken on July 17, 2023 shows BYD's Atto 3 at a shop in Tel Aviv, Israel. (Xinhua/Chen Junqing)

JERUSALEM, March 3 (Xinhua) -- Chinese manufacturer BYD Auto topped electric car sales in Israel in the first two months of 2024, according to data released by the Israel Vehicle Importers Association on Sunday.

The data indicates that BYD, offering five electric models in Israel, sold 5,290 units in January-February. Last year, BYD topped electric car sales in the country with 15,145 units sold.

BYD also secured the third position on the list of Israel's total car sales in the first two months, which includes both electric and gasoline-powered cars.


Customers looks at a BYD's Atto 3 car at a shop in Tel Aviv, Israel on July 17, 2023. (Xinhua/Chen Junqing)

Geely Auto, another Chinese electric car manufacturer, stood at the second spot in Israel's electric car sales for the first two months of 2024 by selling 1,626 units of the Geometry C compact crossover.

Third on the list is the Chinese-owned Britain-based automaker MG Motor, which sold a total of 1,376 units of five models in January-February.

Chinese brands made up 77.1 percent of Israel's electric car sales in January-February, with 11,784 units sold in total, as indicated by the figures.

Chinese brands also dominated Israel's imported passenger car sales, encompassing both gasoline and electric vehicles, with 14,255 units sold. South Korea and Japan were the second and third-largest suppliers of imported cars in the two months, respectively.
 

ym888

Senior Member
Joined
Mar 11, 2021
Messages
1,885
Likes
1,182
China's annual refining capacity ranks first globally in 2023
(Xinhua) 13:25, March 02, 2024
BEIJING, March 2 (Xinhua) -- China's annual oil refining capacity rose to 936 million tonnes in 2023, ranking first in the world, a report said.

China's oil consumption was about 756 million tonnes last year, and its crude oil processing was 738 million tonnes, both reaching record highs, according to the report issued from a research institute under the China National Petroleum Corporation.

Refined oil consumption was 399 million tonnes, up 9.5 percent year on year.

In 2023, China's energy supply was sufficient and stable. Annual crude oil production stood at 200 million tonnes, maintaining growth for six consecutive years, the report showed.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
4,030
Likes
2,929
Country flag
[Caixin China's manufacturing PMI increased slightly to 50.9 in February, expanding for four consecutive months; the new export orders index hit a new high in a year] As the economy continues to recover and cultural growth policies take effect, China's manufacturing boom has expanded by 3 for four consecutive months. The Caixin China Manufacturing Purchasing Managers' Index (PMI) for February 2024, released on February 1, recorded 50.9, a slight increase of 0.1 percentage points from the previous month. It was in the expansion range for four consecutive months for the first time since the second half of 2021, indicating that the manufacturing industry The prosperity continues to improve. Judging from the various sub-indexes of the Caixin Manufacturing PMI, both manufacturing mortality and demand continued to expand in February. That month, the manufacturing production index, new orders index, and new export orders index were all rising in the expansion range, with the new export orders index hitting a new high in a year.

img-1709519549142292968c511131adfab13c179018e80e227f5e603afda439463a9a32b69c2f0d7.jpg



Normally, Jan and Feb are low timw for export due to CNY holidays.
img-1709519546362e7daa5842e47f8866e5b994d7cf4f961005be56650e8d4b7110aa1cff63cdb65.jpg
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
4,030
Likes
2,929
Country flag
Corollas and Accords are very expensive to most peoples except for Chinese and peoples in the First World like Americans (Americans pays even more than Chinese!)

But even though Corollas and Hondas are cheaper in China, they are losing to EVs:
View attachment 242660

Neither the Corolla nor the Accord is sold in India because they are out of the market's price range:

View attachment 242668

View attachment 242669
In 2023, BYD launched a campaign called "EV same price as ICE vehicle" on A-class seden, which is the backbone of chinese auto market.

In Feb 2024, BYD launched another campaign called "EV cheaper than ICE vehicle", on A-class seden, bringing the cheaper pricing than any A-class seden from forgein brand.

Toyota Corolla, USD$15,000 in China, USD$24,000 in USA with similar configurations.

123.jpg


BYD bring Qin sedan as low as USD12,000, and better configurations than corolla, with big battery and hybrid system.

And you only need $0.04USD per km by charging, but you need $0.4USD/km if yo using galosline with Corolla.

4.jpeg



-------------------------------------------

No matter Chinese made BYD Qin or Chinese made Toyota Corolla, they are cheapest pricing over the world.
 
Last edited:

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
4,030
Likes
2,929
Country flag
I can understand the non Chinese make India imports but as far as Chinese EV automakers go here's the scenario :

https://www.scmp.com/business/compa...on-over-underpayment-levies-imported-ev-parts

And this is the break up of Chinese exports to India


Gradually the stage is being set for a total ban of Chinese EVs into India . But you have the gwailou market to fleece. All the best to you from every Indian in here or out there .
I understand the mindset of Indian policy maker that need to try best to reserve the car market for its own brands.

I perosnally think there will be more supply chain cooperation between India and China on EV area, but less direct brand export to India. Tata, Mahindra already had silent cooeprations with Chinese supply chains.

The Vinfast is going to setup factory in India, afaik it's a 90% chinese supply chain company just powered by Vietnam captial, i saw lots of its testing cars in its Chinese partners here.

Actually, if a single type of EV couldn't reach 100,000 sales per year, you can't support a EV platform to upgarde, if you consdering India's whole EV market is around 60,000 per yr, the road is little tough for India car makers for mastering the whole supply chain.
 

rockdog

Senior Member
Joined
Dec 29, 2010
Messages
4,030
Likes
2,929
Country flag
China's annual refining capacity ranks first globally in 2023
(Xinhua) 13:25, March 02, 2024
BEIJING, March 2 (Xinhua) -- China's annual oil refining capacity rose to 936 million tonnes in 2023, ranking first in the world, a report said.

China's oil consumption was about 756 million tonnes last year, and its crude oil processing was 738 million tonnes, both reaching record highs, according to the report issued from a research institute under the China National Petroleum Corporation.

Refined oil consumption was 399 million tonnes, up 9.5 percent year on year.

In 2023, China's energy supply was sufficient and stable. Annual crude oil production stood at 200 million tonnes, maintaining growth for six consecutive years, the report showed.
The most bizarre contents i read today:

123.png


 

SexyChineseLady

Senior Member
Joined
Oct 3, 2016
Messages
4,967
Likes
3,870

Zhongguo is pesticides incorporated & we have wumaos here claiming superior productivity per acre. How about superior toxicity per acre? I'm betting the cancer rates in China is through the roof in the past 3 decades.
Chinese live much longer lives than Indians ;)

IMG_6288.jpeg
 

RoaringTigerHiddenDragon

Senior Member
Joined
Sep 5, 2020
Messages
4,006
Likes
17,070
Country flag
The most bizarre contents i read today:

View attachment 242711

Whatever. There is a currency that is neither convertible on the current account or the capital account, which China uses for external trade. This is to prevent flight of capital out of China from ordinary Chinese. Of course the CCP bosses launder money through the Macao casinos and stash them abroad. That is why this currency's value against the dollar is artificial and determined by CCP and not market forces.
‘Also all talks of CCP currency becoming a reserve currency has completely stopped. lol. It was a nuisance talk to begin with. And the idea died a quick death as expected. 😅😂
 

RoaringTigerHiddenDragon

Senior Member
Joined
Sep 5, 2020
Messages
4,006
Likes
17,070
Country flag
I understand the mindset of Indian policy maker that need to try best to reserve the car market for its own brands.

I perosnally think there will be more supply chain cooperation between India and China on EV area, but less direct brand export to India. Tata, Mahindra already had silent cooeprations with Chinese supply chains.

The Vinfast is going to setup factory in India, afaik it's a 90% chinese supply chain company just powered by Vietnam captial, i saw lots of its testing cars in its Chinese partners here.

Actually, if a single type of EV couldn't reach 100,000 sales per year, you can't support a EV platform to upgarde, if you consdering India's whole EV market is around 60,000 per yr, the road is little tough for India car makers for mastering the whole supply chain.
The usual supply chain nonsense rant…when it has already been proven that most of Chinese EV sales are dead cars parked in urban fields of China. China’s supply chain just like everything else is a total fake, That is why companies are easily able to move them to India. Chinese did zero innovation to supply chain design, unlike the Japanese and Koreans.
 

RoaringTigerHiddenDragon

Senior Member
Joined
Sep 5, 2020
Messages
4,006
Likes
17,070
Country flag
In 2023, BYD launched a campaign called "EV same price as ICE vehicle" on A-class seden, which is the backbone of chinese auto market.

In Feb 2024, BYD launched another campaign called "EV cheaper than ICE vehicle", on A-class seden, bringing the cheaper pricing than any A-class seden from forgein brand.

Toyota Corolla, USD$15,000 in China, USD$24,000 in USA with similar configurations.

View attachment 242704

BYD bring Qin sedan as low as USD12,000, and better configurations than corolla, with big battery and hybrid system.

And you only need $0.04USD per km by charging, but you need $0.4USD/km if yo using galosline with Corolla.

View attachment 242705


-------------------------------------------

No matter Chinese made BYD Qin or Chinese made Toyota Corolla, they are cheapest pricing over the world.
I don’t buy the Chinese cheapest price thing. Also, the same configuration claim has no basis. There are other things like after sales service and laws related to product recall that affect pricing. In China I am sure safety laws are loose and after sales service is poor unlike in America where they are stringent. Plus wages in America are much higher. So, you cannot compare the two markets.
 

Latest Replies

Global Defence

New threads

Articles

Top