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%.
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Shacman saw a 57.3% drop Company from China
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while Yutong grew by 27.4%. Company from China
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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%.
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Propaganda Rockdog Seems Mexicans like Hamburgers more than Noodles
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well we like our tacos too

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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
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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.

 

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