[theluckycountry]

A brutal elimination round is reshaping the world’s biggest market for electric cars

$this->bbcode_second_pass_quote('', 'A') “life and death race” has begun to unfold in the world’s largest market for electric vehicles (EV)
Chinese EV makers showing off their newest models at Auto China, which kicks off in Beijing on Thursday, have enjoyed generous support from the government for years, with some growing rapidly to become global players. BYD, for example, is now vying with Tesla for leadership of the battery electric vehicle market.

But all of the country’s more than 200 EV manufacturers are now grappling with huge oversupply, and experts predict many smaller companies will not survive the fiercely-competitive environment.

From a brutal price war to slowing sales in a weakening economy, the challenges unfolding in China have also forced some global automakers to retreat. And, it doesn’t help that the enthusiasm for EVs is waning in other markets around the world.

“China’s EV industry is only going to go from strength to strength as a whole, but not every player today will see the finish line,” said Mark Rainford, an automotive industry commentator based in Shanghai who hosts the YouTube channel “Inside China Auto.” Even Chinese officials have said that carmakers will need a cast iron stomach to pull through the next few months.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]
And just for fun.

LA Times
[b]Man who drove Tesla off cliff with family in car was 'psychotic,' doctors say
$this->bbcode_second_pass_quote('', '
')Two doctors testified that the man who drove his Tesla off a cliff with his wife and children in the car suffered from major depressive order and was experiencing a psychotic break at the time of the crash.

The testimony came Wednesday in the case of Dharmesh Patel, a Pasadena radiologist who was charged with three counts of attempted murder after he drove the family's Tesla off the cliff at Devil's Slide on Highway 1 near Half Moon Bay, according to prosecutors.[/quote

Probably disparing because of the higher interest rates and the fact he can't sell his Tesla for anything like it cost him. When rates shoot up like they have people tent to sell toys bough in the good times, often at a big loss. But the losses on a used Tesla are so great now it's hardly worth selling one.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '
')Rather than postulating (guessing with no data), on why he did it, I was more intrigued with the outcome. The car went over a 200ft drop, landing directly on the rocks below and hit nothing else on the way down.

[frankthetank]

I've had the Model 3 with the LFP battery pack for about a year. For what i understand this cell chemistry is a lot safer than normal lithium ion. People also use LFP for home power storage connected to solar. LFP is great because the voltage is very flat down to almost zero and can be regularly charged to 100% and doesn't use cobalt. It does have less power density.

[theluckycountry]

LFP is all that's allowed in Australian EV's. We keep a tighter rein on things than many countries. LFP is lighter, but more expensive and has a lower power density as you say Frank but they do have a longer cycle life.

[theluckycountry]

Million Texans Without Power As Storm Topples Transmission Towers https://www.zerohedge.com/weather/milli ... ion-towers

Can you charge our EV without that electricity? No Karen. But we have solar on the roof! I know Karen, but it has to have the grid up to work. Well what about we just buy a generator, to tide us over? I called the hardware, and all the little lawnmover shops, they are sold out.

[theluckycountry]

"The Economics Just Don't Work": Demand For Electric Semis Plunges Due To High Costs
$this->bbcode_second_pass_quote('', '
')For the last year, we've been writing extensively about how high costs and low demand have made EVs uneconomical - and, as a result, unpopular to produce - for the auto industry. It turns out unionized employees extorting you on labor costs while the government mandates you produce a money-losing product isn't a combination that leads to prosperity and profit. Go figure.

Now, it isn't just car manufacturers that are balking from the idea of all electric vehicles: the trucking industry, once expected to eventually make the shift to all electric as well, is seeing tepid demand for new rigs, according to a new Wall Street Journal article. “The economics just don’t work for most companies,” Robert Sanchez, the chief executive of Ryder, said earlier this month.

...Truckers find these electric trucks difficult and costly to run, with installation of on-site charging facilities taking years. These trucks travel less than half the distance of diesel rigs per charge and require several hours to recharge. Ryder launched a service a year ago to assist companies in setting up and maintaining battery-powered fleets. So far, it has sold only 60 vehicles, mostly light-duty trucks. Three companies use five battery-electric heavy-duty trucks, but only within yards for shuttling trailers.

Sanchez noted that unlike individual electric car buyers, companies will only switch to battery-electric trucks when they can compete with diesel on operational costs.

[theluckycountry]

Trouble in EV Land

$this->bbcode_second_pass_quote('', 'T')roubling news for the electric vehicle market emerged from Europe on Tuesday. The first was the collapse of Porsche Taycan prices, and second, a battery plant owned by Stellantis and Mercedes-Benz halted development. All of this signifies sliding EV demand across the EU.

Let's begin with a new Bloomberg Intelligence report titled "Taycan's 33% Value Drop Makes Even Tesla Owners Cringe," highlighting that the high-end luxury EV market is experiencing "significant declines in value as demand decreases."

The report, citing Experian data, found Porsche Taycan values in the first quarter sank 33% compared to the same period one year ago. This was an even more significant drop than the Tesla Model Y's 28%.

[kublikhan]

$this->bbcode_second_pass_quote('theluckycountry', 'H')ey kub, can you still find a place on Planet earth where EV sales are increasing?

[ralfy]

They need to price them at $5,000 or less, make sure that they have the same range as ICEVs, and can carry the same load as the latter.

[careinke]

$this->bbcode_second_pass_quote('ralfy', 'T')hey need to price them at $5,000 or less, make sure that they have the same range as ICEVs, and can carry the same load as the latter.

[ralfy]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('ralfy', 'T')hey need to price them at $5,000 or less, make sure that they have the same range as ICEVs, and can carry the same load as the latter.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'N')ow, if you bought $5,000 worth of BTC today, then converted it to dollars around Oct 2025 you could get one or two EVs.

All Fiat currencies will eventually be worth 0 when compared to BTC.

Peace

[theluckycountry]

$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('theluckycountry', 'H')ey kub, can you still find a place on Planet earth where EV sales are increasing?

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'N')ow, if you bought $5,000 worth of BTC today, then converted it to dollars around Oct 2025 you could get one or two EVs.

[theluckycountry]

Price of charging EVs in China doubles. That's how you do it folks, you get all the rabbits in the hutch and then snap the door shut. https://www.youtube.com/watch?v=Mw9RQiET_LQ

Like the economically impossible task of expanding the US charging infrastructure, once you're at peak Ev you lower the boom and stop the rollout. More charging stations go offline now due to cable theft than are being installed.
$this->bbcode_second_pass_quote('', 'R')eliability issues with new technology and lack of skilled technicians have hampered availability. In summary, factors like high costs, lack of revenue potential, real estate limitations, and unreliable technology have slowed the rollout of convenient EV charging stations, creating a bottleneck for wider EV adoption.

[jato0072]

For the past 6 weeks or so, I have seen Cybertrucks driving around my area. I walked up to one in the parking lot. Boy are they ugly! They are even more ugly up close then the photographs depict.

[kublikhan]

$this->bbcode_second_pass_quote('theluckycountry', 'J')ust four years ago, WOW, that's a new twist on statistics. I won't ask if the data includes gasoline powered units.

[theluckycountry]

$this->bbcode_second_pass_quote('jato0072', '
')
For the past 6 weeks or so, I have seen Cybertrucks driving around my area. I walked up to one in the parking lot. Boy are they ugly! They are even more ugly up close then the photographs depict.

[AdamB]

$this->bbcode_second_pass_quote('kublikhan', '')$this->bbcode_second_pass_quote('theluckycountry', 'H')ey kub, can you still find a place on Planet earth where EV sales are increasing?