Chinese Economy Watch

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Mexicans don't like local brands?
China's Tesla rivals are booming, with BYD, Nio, and Zeekr all breaking sales records.

Despite their success, many Chinese automakers continue to lose money.

Nio reported a widening net loss in its latest earnings, as the CEO of Xpeng warns many EV firms face a fight to survive.


China's Tesla rivals might be booming, but they're still losing money.

Nio, Zeekr, Xiaomi, and Xpeng have all broken personal sales records in recent months. Xpeng delivered 24,000 vehicles last month, and Xiaomi sold over 100,000 of its SU7 EV this year alone.

However, the booming sales come as many Chinese EV makers continue to report heavy losses, as they grapple with a brutal price war and intense pressure to quickly launch new affordable models amid a crowded field of battery-electric vehicles.

EV startup Nio, known for its battery-swapping stations and run by CEO William Li, sometimes dubbed "the Elon Musk of China," reported widening losses in its Q3 earnings on Wednesday.

The company reported a net loss of 5.06 billion yuan ($700 million), up 11% from the third quarter of 2023.

Shares plunged nearly 7% in the hours after the announcement, despite Nio delivering 61,800 vehicles in the past three months, a new quarterly record for the company.

The company has been hit hard by the price war that has gripped the Chinese market for much of the past year. Nio said vehicle sales had fallen despite record deliveries due to lower average selling prices.

Nio's rivals reported a similar blend of booming deliveries and painfully high losses.

Zeekr delivered a record 55,000 vehicles in the third quarter, up over 50% from last year, while fellow EV startup Xpeng recorded record sales of its electric vehicles in October.

Both companies narrowed their net losses year-over-year, but they remained sizable at 1.81 billion yuan ($250 million) for Xpeng and 1.14 billion yuan ($157 million) for Zeekr, respectively.

Xpeng's shares fell amid concern that the company's upcoming affordable models may dilute selling prices and margins.

Smartphone maker Xiaomi, which has pivoted into EVs and received acclaim from Ford CEO Jim Farley, announced it was upping its sales target for its high-tech SU7 electric vehicle after selling over 100,000 this year.

Despite this, the tech giant continues to lose money on its EV venture.

Are not very corrupt the Chinese officials making low quality cars in order to get government money?
 
They hardly make any hi tech product independently. Because Mexico is not a truly industrialized nation. It's can be thought as banana republic of US capital. They would produce profitable products to US's Japan's even Chinese brands, but they won't allow they have competitive brand.



View: https://x.com/RudyRomo707/status/1745849557312045085?t=zMetsQqGO25qq2SovIABlA&s=19



View: https://x.com/tphuang/status/1741161606187245680?t=bnP3bp_LGxVS6JdYGn0i_g&s=19


View: https://x.com/resisres/status/1829313472506540307?t=_c6pxBHhQDrAR6DDafK2Kw&s=19

Mexico based heavy-duty vehicle manufacturers Freightliner, Kenworth and International are stepping on the accelerator for growth in 2024, with double-digit increases in wholesale sales in the first eight months of the year.

Freightliner led the market with 9,978 units sold, 17.2% more than in 2023, while Kenworth advanced to 9,225 trucks, marking a growth of 10.6%.

International registered an impressive increase of 33.2%, reaching 7,543 heavy vehicles, while Mercedes Benz Buses also advanced up to 15.3%, selling 2,665 units.

However, not all manufacturers have good news. Volkswagen Trucks and Buses reported a 10.9% drop in sales, while Scania experienced a 20.9% reduction.

In contrast, Volvo Buses recorded a remarkable 60.6% increase with 774 units sold, and Mack Trucks nearly doubled its sales with an 87% increase.

Dina stood out with the strongest growth, reaching an increase of up to 217.9%.

Among companies not affiliated with Anpact, Shacman saw a 57.3% drop, while Yutong grew by 27.4%.
1732486893580.webp
Shacman saw a 57.3% drop Company from China
1732486948206.webp

while Yutong grew by 27.4%. Company from China
1732487023926.webp
Dina stood out with the strongest growth, reaching an increase of up to 217.9%. (company from Mexico)
Top dog Gringoes
Freightliner led the market with 9,978 units sold, 17.2% more than in 2023, while Kenworth advanced to 9,225 trucks, marking a growth of 10.6%.
1732487142207.webp

Propaganda Rockdog Seems Mexicans like Hamburgers more than Noodles
1732487175457.webp


well we like our tacos too

1732487519822.webp
 
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Sorry it is no different from what the Americans did in the 1800s and early 1900s to the major European powers. and White Americans have screwed over the natives more countless times than the Chinese ever did.
Never said they didn't. In fact, I left this following message in the comment box - "pot calling kettle black".
 
Sorry it is no different from what the Americans did in the 1800s and early 1900s to the major European powers. and White Americans have screwed over the natives more countless times than the Chinese ever did.
As a partially native american person I think it is different.

The USA is like Argentina Brazil or Mexico an European experience in creating new societies..

In Mexico they took a native american high advanced society and mixed the European culture creating a new society.

Argentina remained an almost pure European society.

Cuba and Brazil however are very similar to what is the USA, Brazil-Cuba and the USA are societies where whites brought Africans however during the american revolution they tried to create a pure white society like modern Uruguay is..

for almost all the XX century the USA was mostly a white society with around 10% African population, Brazil and Cuba have much more African elements in Brazil and Cuba close to 45% is mulato and 15% African..

The USA contrary what it is thought was created upon a very high moral background,

Science was the basic part that created the USA success applied to technology.

China can not replicate the USA success because China has not a high moral society, China is basically society that has copied the west but can not replicate the western success because China is morally corrupt, is a dictatorship where humans rights are not important.

China is a western creation to weaken the west in order to force us to accept a world government. The world elites created China to weaken the USA and EUropean nations which had in the Christian values and Greek democratic model great freedom and high morals; and with woke culture and multiculturalism make them accept the core of what is going to become a world government.

 
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Next-Gen Mercedes-Benz CLA EV Beats a Porsche Record With Unique Charging Strategy​

Electric powered 2026 Mercedes-Benz CLA covers more than 2,300 miles in 24 hours.
Angus MacKenzieWriterManufacturerPhotographerNov 06, 2024

As the first of the MMA models, the new CLA sedan will also debut the first electric motor designed and engineered entirely in-house at Mercedes-Benz, as well as battery and efficiency technologies previewed on the Vision EQXX concept car and a new 800V battery electrical architecture. It will also be the first Mercedes-Benz to use the new MB.OS software architecture.

The 2026 CLA will be available in single motor two-wheel drive or dual-motor all-wheel formats, with power outputs rumored to range from 201 hp to 536 hp. The top speed of the 536 hp model is said to be 150 mph. Entry-level models are said to have a lower-cost 58 kWh lithium iron phosphate battery, while the top battery is expected to be an 90 kWh nickel manganese cobalt pack with high capacity silicon anodes
1732570292747.webp

https://www.motortrend.com/news/2026-mercedes-benz-cla-ev-nardo-distance-record-porsche-taycan/

Mercedes is aiming for vehicles in this class to drive well over 400 miles on a single charge and have fast charging that can add 186 miles in just 10 minutes. The EV also comes with an intelligent onboard system designed to make driving easier, helping with navigation, settings, and more.

 

That is set to change as Beijing begins to exploit vast deposits on the Tibetan plateau—around 85 percent of the country's total lithium reserves.

But this "white gold rush" has led to Chinese miners polluting the local environment with "quick, cheap and dirty" extraction and processing techniques, according to the report by Turquoise Roof, a network of Tibetan researchers.

The group used satellite data and public resources to chart the impact of lithium mining in culturally Tibetan areas and its links to carmakers, including Elon Musk's Tesla and its Chinese competitor BYD.


European researchers have developed a prototype lithium-metal battery with a solid electrolyte, offering 20% higher energy density than current lithium-ion batteries.

From R&D to commercialization, solid-state battery manufacturing must effectively balance yield, cost, and environmental sustainability. To address the challenges of stringent production requirements, energy consumption reduction, and enhanced sustainable performance, LEAD is spearheading innovation with “unmanned, integrated, and intelligent” production lines. This approach not only integrates equipment but also prioritizes safety throughout the production process
 
That is set to change as Beijing begins to exploit vast deposits on the Tibetan plateau—around 85 percent of the country's total lithium reserves.

But this "white gold rush" has led to Chinese miners polluting the local environment with "quick, cheap and dirty" extraction and processing techniques, according to the report by Turquoise Roof, a network of Tibetan researchers.

The group used satellite data and public resources to chart the impact of lithium mining in culturally Tibetan areas and its links to carmakers, including Elon Musk's Tesla and its Chinese competitor BYD.


European researchers have developed a prototype lithium-metal battery with a solid electrolyte, offering 20% higher energy density than current lithium-ion batteries.

From R&D to commercialization, solid-state battery manufacturing must effectively balance yield, cost, and environmental sustainability. To address the challenges of stringent production requirements, energy consumption reduction, and enhanced sustainable performance, LEAD is spearheading innovation with “unmanned, integrated, and intelligent” production lines. This approach not only integrates equipment but also prioritizes safety throughout the production process

MOD EDIT: Avoid personal attacks

The CEO Mr Zeng of CATL commented the failture of this EU's only hope:
“It's because they have the wrong design. And secondly, they have the wrong process. Thirdly, they have the wrong equipment How can they scale up?"


Here is key points of this failture of Northvolt, i translated into English.


The Information published an investigative report that thoroughly reviewed how Northvolt, the "village hope" of the European battery industry, suffered a complete failure, with almost every paragraph proving the universality of the Grass Terrace theory:

-Before filing for bankruptcy protection last week, Northvolt had already raised a huge investment of $14 billion, and now only $30 million is left in cash on its books. A series of top investment institutions, including Goldman Sachs, Volkswagen, Siemens, etc., are facing the result of losing everything, which may be the most devastating investment failure event in the technology industry;

-It is not an exaggeration to say that Northvolt was born with a golden spoon in its mouth. In order to regain the dominant position in the new energy battery industry from China, from the founding country Sweden to the entire European Union, and even to Canada in North America, Northvolt has been granted special loans and land grants along the way, and subsidies have been given to everyone;

-But Northvolt's entry into the battery industry was "impure" from the beginning. Its advantage in positioning itself was neither technology nor price, but a politically correct commitment to produce only environmentally friendly energy sources such as hydropower and wind power. European car manufacturers, for reputation reasons, will lean towards suppliers with their own "redemption coupons";

-The initial development was indeed as expected. Famous factories such as Volkswagen, BMW, and Volvo placed orders with Northvolt and provided sufficient advance payments. Volkswagen even took out $1.6 billion from its own pocket to invest, firmly embarking on this path of not being choked;

-Everything seems to be going smoothly, the only problem is that Northvolt finds itself unable to make batteries;

-To be fair, Northvolt is not a scam. Its founding team came from Tesla's supply chain and has a deep understanding of batteries. However, building a battery manufacturing plant from scratch, there are few people in Europe who know what to do;

-Northvolt's confusing operation began from the factory site selection stage, driven by the pursuit of clean hydroelectric energy. It placed its local factory in Skellefte å, a small port town in the Arctic Circle, but the weather here is not dark in summer and not bright in winter, and the biological clocks of the relocated workers are disrupted. In the end, even Swedes are unwilling to come to work;

-In the end, only over 100 outsourced workers from China and South Korea were available. They lived in their own dormitories and were transported to the factory by bus every day to work. Due to language barriers, there was little communication. One time, an alarm sounded and European workers did not hear it. Chinese workers had to open their phones and use Google Translate to tell them what had happened;

-The outsourcing workers in China mainly come from a battery upstream equipment manufacturer in Wuxi. In order to meet the deadline, Northvolt denied the process of testing equipment in China and requested that all be completed in the Swedish factory. As a result, the integration became a disaster because from the grassroots employees and engineers to the managers and board of directors, none of them had production experience;

-The former employees of Northvolt interviewed believed that it was not the problem of Chinese partners, but that Northvolt was too incompetent. "We have no technology, no knowledge, everything needs to be taught by Chinese hands, machines are given by them, factories are built by them, and we can do nothing without them";

-As of December last year, Northvolt's battery production capacity had only reached 1/200 of its planned target. The previously confirmed purchase orders were cancelled one after another, and several banks that had previously strongly supported them also changed their faces. After the failure of debt financing last month, the CEO resigned;

-With the end of Biden's term, the policy of subsidizing the domestic battery industry in the West is expected to become obsolete. At least in the lithium battery market segment, there is no second Northvolt in Europe and North America. Two thirds of the world's lithium batteries are produced in China, and the average pricing is one-third of that of Western lithium battery manufacturers;

-The founder of CATL, Zeng Yuqun, was a guest on the Norwegian Sovereign Fund's podcast, where he contributed the catchphrase: "Why can't Europe make good batteries? Firstly, their design is wrong; secondly, their craftsmanship is wrong; and finally, their production is wrong



The Electric: Northvolt’s Blunt Message to Fellow Battery Startups—Don’t Expect a Bailout​


Struggling Battery Maker Northvolt Misses Payment to Laid Off Employees​

 
Last edited by a moderator:
Ur umemplyment made you have no idea about any new industries after year 2010.

The CEO Mr Zeng of CATL commented the failture of this EU's only hope:
“It's because they have the wrong design. And secondly, they have the wrong process. Thirdly, they have the wrong equipment How can they scale up?"


Here is key points of this failture of Northvolt, i translated into English.


The Information published an investigative report that thoroughly reviewed how Northvolt, the "village hope" of the European battery industry, suffered a complete failure, with almost every paragraph proving the universality of the Grass Terrace theory:

-Before filing for bankruptcy protection last week, Northvolt had already raised a huge investment of $14 billion, and now only $30 million is left in cash on its books. A series of top investment institutions, including Goldman Sachs, Volkswagen, Siemens, etc., are facing the result of losing everything, which may be the most devastating investment failure event in the technology industry;

-It is not an exaggeration to say that Northvolt was born with a golden spoon in its mouth. In order to regain the dominant position in the new energy battery industry from China, from the founding country Sweden to the entire European Union, and even to Canada in North America, Northvolt has been granted special loans and land grants along the way, and subsidies have been given to everyone;

-But Northvolt's entry into the battery industry was "impure" from the beginning. Its advantage in positioning itself was neither technology nor price, but a politically correct commitment to produce only environmentally friendly energy sources such as hydropower and wind power. European car manufacturers, for reputation reasons, will lean towards suppliers with their own "redemption coupons";
-The initial development was indeed as expected. Famous factories such as Volkswagen, BMW, and Volvo placed orders with Northvolt and provided sufficient advance payments. Volkswagen even took out $1.6 billion from its own pocket to invest, firmly embarking on this path of not being choked;

-Everything seems to be going smoothly, the only problem is that Northvolt finds itself unable to make batteries;

-To be fair, Northvolt is not a scam. Its founding team came from Tesla's supply chain and has a deep understanding of batteries. However, building a battery manufacturing plant from scratch, there are few people in Europe who know what to do;

-Northvolt's confusing operation began from the factory site selection stage, driven by the pursuit of clean hydroelectric energy. It placed its local factory in Skellefte å, a small port town in the Arctic Circle, but the weather here is not dark in summer and not bright in winter, and the biological clocks of the relocated workers are disrupted. In the end, even Swedes are unwilling to come to work;

-In the end, only over 100 outsourced workers from China and South Korea were available. They lived in their own dormitories and were transported to the factory by bus every day to work. Due to language barriers, there was little communication. One time, an alarm sounded and European workers did not hear it. Chinese workers had to open their phones and use Google Translate to tell them what had happened;

-The outsourcing workers in China mainly come from a battery upstream equipment manufacturer in Wuxi. In order to meet the deadline, Northvolt denied the process of testing equipment in China and requested that all be completed in the Swedish factory. As a result, the integration became a disaster because from the grassroots employees and engineers to the managers and board of directors, none of them had production experience;

-The former employees of Northvolt interviewed believed that it was not the problem of Chinese partners, but that Northvolt was too incompetent. "We have no technology, no knowledge, everything needs to be taught by Chinese hands, machines are given by them, factories are built by them, and we can do nothing without them";

-As of December last year, Northvolt's battery production capacity had only reached 1/200 of its planned target. The previously confirmed purchase orders were cancelled one after another, and several banks that had previously strongly supported them also changed their faces. After the failure of debt financing last month, the CEO resigned;

-With the end of Biden's term, the policy of subsidizing the domestic battery industry in the West is expected to become obsolete. At least in the lithium battery market segment, there is no second Northvolt in Europe and North America. Two thirds of the world's lithium batteries are produced in China, and the average pricing is one-third of that of Western lithium battery manufacturers;

-The founder of CATL, Zeng Yuqun, was a guest on the Norwegian Sovereign Fund's podcast, where he contributed the catchphrase: "Why can't Europe make good batteries? Firstly, their design is wrong; secondly, their craftsmanship is wrong; and finally, their production is wrong



The Electric: Northvolt’s Blunt Message to Fellow Battery Startups—Don’t Expect a Bailout​


Struggling Battery Maker Northvolt Misses Payment to Laid Off Employees​


Interview with Robin Zeng, the CEO of CATL.


View: https://www.youtube.com/watch?v=5VIXjjw4u9A
 
China can not replicate the USA success because China has not a high moral society, China is basically society that has copied the west but can not replicate the western success because China is morally corrupt, is a dictatorship where humans rights are not important.


Neither Mexico nor India can replicate America's success. This is not because they have low morals, but because of different national conditions, different cultures, different histories and different geography.
 
Neither Mexico nor India can replicate America's success. This is not because they have low morals, but because of different national conditions, different cultures, different histories and different geography.
Uhmm Mexico is in north America, Moral societies means societies where the dignity of men are respected, where there is freedom of thought and a very high concept of Justice.

This has lead to democracy, equality before the law, when you said to me does not matter the way (the cat is black or White) shows your values.

The concept of Justice in India they have is the golden rule, it is do to other as you want other to do you. they are a democracy.
China is a totalitarian state, Xi a dictator for all his life and one of the worst human rights records.
any way you never developed the technology you have now every thing was tech transfers and theft.



You will be beaten tie will show you, you are just pawns and a people that is oppress by false communist, who are allied to the elites .



Forced technology transfer (FTT) is a central issue in the US-China trade war. It's when a government compels foreign companies to share their technology in exchange for market access. In China, FTT can take many forms, including:


  • Joint ventures
    Foreign companies are required to form joint ventures with local companies and share their technology.
  • Administrative approval processes
    Foreign companies must go through a variety of administrative processes to obtain or maintain market access.
  • Foreign equity limitations
    Foreign investors are limited in the amount of equity they can hold in a Chinese company.
  • Government procurements
    The Chinese government may use government procurements to force technology transfer.
Some say that FTT in China is a real and harmful phenomenon. Others argue that the word "forced" suggests a degree of coercion that doesn't make economic sense. They say that foreign companies choose to invest in China, knowing that they'll need to share their technology, because they expect to earn a profit.


The Chinese government's "Made in China 2025" strategy is to become an inventor and developer of its own products, rather than just assembling products for foreign firms

1732617307007.webp


The west knew tech transfers were bad to some degree but the MFN was to fight Russia
 

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