Because CATL is still around to make the battery and another company can make the IGBT....almost anyone who wants to make an electric car can do it.
Xiaomi is about to launch. Apple is also going to launch as these companies treat the electric car as a software platform.
I exited by BYD position when I had the chance.
Buffett us also exiting but he has an elephant position and will take months to do so.
The electric car is much easier to make than petrol engine. That's the problem. For petrol car Toyota can claim its engine better than Hyundai. But electric car has very little differentiator ...battery and motor and semiconductor are all commoditised.
If anything the EV is q software platform self driving and connectivity. BYD is not good at these.
Baidu dominates self driving tech in China and the data it has collected to do it. The tech licensing is going to be a goldmine.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(21-01-2023, 09:38 AM)sgbuffett Wrote: Very thin margins.
Because CATL is still around to make the battery and another company can make the IGBT....almost anyone who wants to make an electric car can do it.
Xiaomi is about to launch. Apple is also going to launch as these companies treat the electric car as a software platform.
I exited by BYD position when I had the chance.
Buffett us also exiting but he has an elephant position and will take months to do so.
The electric car is much easier to make than petrol engine. That's the problem. For petrol car Toyota can claim its engine better than Hyundai. But electric car has very little differentiator ...battery and motor and semiconductor are all commoditised.
If anything the EV is q software platform self driving and connectivity. BYD is not good at these.
Baidu dominates self driving tech in China and the data it has collected to do it. The tech licensing is going to be a goldmine.
Aiyah....don't u know most brand of cars are sold around that price in China? U think car price around $100+++k like SG ah?
(21-01-2023, 09:29 AM)Scythian Wrote: EV. In 2023, the brand has even bolder ambitions with the launch of more affordable models, including an extremely affordable city electric hatchback.
This hatchback is called the BYD Seagull and has a starting price – in China – at the equivalent of $12,750
Now you finally wake up to how Chinese EV is impacting the global new energy vehicle market....with Aussies are now going ga ga over Atto 3 for its value for $ + quality.
(21-01-2023, 09:38 AM)sgbuffett Wrote: Very thin margins.Because CATL is still around to make the battery and another company can make the IGBT....almost anyone who wants to make an electric car can do it.
Xiaomi is about to launch. Apple is also going to launch as these companies treat the electric car as a software platform. I exited by BYD position when I had the chance.
Buffett us also exiting but he has an elephant position and will take months to do so.The electric car is much easier to make than petrol engine. That's the problem. For petrol car Toyota can claim its engine better than Hyundai. But electric car has very little differentiator ...battery and motor and semiconductor are all commoditised. If anything the EV is q software platform self driving and connectivity. BYD is not good at these.Baidu dominates self driving tech in China and the data it has collected to do it. The tech licensing is going to be a goldmine.
For your pleasure reading during this CNY festivity.
(21-01-2023, 09:38 AM)sgbuffett Wrote: Very thin margins.
Because CATL is still around to make the battery and another company can make the IGBT....almost anyone who wants to make an electric car can do it.
Xiaomi is about to launch. Apple is also going to launch as these companies treat the electric car as a software platform.
I exited by BYD position when I had the chance.
Buffett us also exiting but he has an elephant position and will take months to do so.
The electric car is much easier to make than petrol engine. That's the problem. For petrol car Toyota can claim its engine better than Hyundai. But electric car has very little differentiator ...battery and motor and semiconductor are all commoditised.
If anything the EV is q software platform self driving and connectivity. BYD is not good at these.
Baidu dominates self driving tech in China and the data it has collected to do it. The tech licensing is going to be a goldmine.
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