lol stop calling this 100% automated. This is simply remote assistance driven. I mentioned several times the difference between autonomy and remote assistance. Seems like you don’t understand that.
Chinese Economy Watch
- Thread starter rockdog
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lol stop calling this 100% automated. This is simply remote assistance driven. I mentioned several times the difference between autonomy and remote assistance. Seems like you don’t understand that.
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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.
Chinese EV makers are not doing quite as well as you might think
Nio, Xiaomi, and Xpeng have all broken sales records in recent months, but continue to report heavy losses.
Are not very corrupt the Chinese officials making low quality cars in order to get government money?
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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%.
Infotransportes - Freightliner, Kenworth e International, los más vendidos hasta agosto 2024
Los fabricantes de vehículos pesados en México, Freightliner, Kenworth e International, están pisando fuerte el acelerador del crecimiento en 2024, con aumentos a doble dígito en ventas al mayoreo en los primeros ocho meses del año.
info-transportes.com.mx
Shacman saw a 57.3% drop Company from China
while Yutong grew by 27.4%. Company from China
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%.
Propaganda Rockdog Seems Mexicans like Hamburgers more than Noodles
well we like our tacos too
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