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Can a dedicated electric vehicle brand revive Hyundai's struggling fortunes in China? The Korean automaker is placing a big bet on it, facing declining sales and fierce competition. Here's the lowdown: Falling market share: From a peak of 7% (1.6 million cars sold) in 2017, Hyundai's presence has dwindled to a mere 1% (around 250,000 cars) in 2023. Mounting losses: Beijing Hyundai suffered an operating loss of $598 million in 2022, and even sold a plant in China at a significant loss. Shifting gears: Despite these setbacks, Hyundai sees electric vehicles as the key to turnaround. Inspired by China's EV success stories, they're developing a brand new EV brand to take on giants like Tesla and BYD. Competitive edge: The new brand is expected to utilize cost-effective LFP batteries to make its EVs more affordable and attract Chinese consumers. Will this bold move pay off? Only time will tell, but Hyundai is clearly determined to regain its foothold in the world's largest auto market. hyundai #chinamarket #electricvehicles #EVs #automotiveindustry #turnaroundstrategy #newbrand #tesla #BYD #lppbattery

They are the BYD Seal, Hyundai Ioniq 5, Lotus Eletre, MG 4 and Toyota Vellfire. Other than the petrol-electric hybrid Vellfire, all the other finalists are electric models. * My take the BYD Seals its 🏆 Electrification Transition is well underway, Toyota is the winner for Hybrids, Tesla and BYD, while Tesla is not here, the only choice left to reflect this sentiment will be BYD. The question for Singaporeans, will BYD be the top 3 brand within cars? Currently is BMW, Toyota and Mercedes-Benz. When we see the order in due course, Singaporeans will also see between Branding and Sustainability, whom wanted more.

Chinese Carmaker's Ro/Ro Arrives in EU, Delivering New Competition: Chart-topping Chinese EV manufacturer BYD has completed its first in-house ro/ro shipment to Europe. On Tuesday, the brand new BYD Explorer No. 1 arrived at a pier in Bremerhaven carrying 3,000 competitively-priced electric cars for the European market. Explorer No. 1 is owned by Japan's Taihei Kaiun and operated by London-based Zodiac Maritime. The Chinese-built ship is LNG dual-fuel powered and can carry up to 7,000 cars at a time (though far less than that on its maiden voyage). BYD is committed to solving a global bottleneck in ro/ro capacity by taking seaborne transport in-house. For the long term, it is creating a reduced-ro/ro supply chain by setting up car factories in the same regions as its customers. It is in various stages of planning for new manufacturing plants in Thailand, Hungary, Brazil and Mexico. If it launches a Mexican factory, it could be able to use the Trump-era United States-Mexico-Canada Agreement (USMCA) to access the American market. BYD is making a splash with tent-pole ultraluxury models, and the most expensive appear designed to compete more with Ferrari than with Cadillac. The BYD Yangwang brand's $230,000 supercar can go from 0-60 mph in 2.4 seconds, rivaling a top-end Tesla, and it has all the curves of a two-seat European supercar. At the bottom rung, its cheapest electric commuter car sells for less than $14,000 new. It is designed to compete head-to-head with gasoline-fueled cars on price, and is selling well in overseas markets (370,000 sold last year). Auto industry analysts view BYD and its compatriots as an existential threat to North American carmakers, which have struggled to turn a profit on EVs. The Maritime Executive

Japanese brands have long been at the top of Thailand’s auto market. The Southeast Asian country is the region’s largest car producer and exporter, helping give it the moniker of the “Detroit of Asia.” And not only do carmakers like Toyota and Honda manufacture in Thailand, they dominate vehicle sales there too. But now Chinese EV makers, amid a massive global expansion, are making inroads into Thailand’s car market. It’s the latest country where China’s cheap electric cars are challenging established automakers, many of which were slow to embrace the EV transition. #electricvehicles #electricvehicle #Thailand #China #southeastasia #Japan #Automakers #autoindustry https://flip.it/PN9j2s

The Chinese Wave 🌊 of #EVs and #EVbattery is headed west, and it’s already hit land in Europe. We all saw the China 🇨🇳 battery capacity stats this week 😰 and there’s 50 brands of #electricvehicles launching. Read more -https://lnkd.in/g4Pj4G-U I personally think they have a hurdle to climb in the US as brand loyalty is huge, and we’ve already got two other imports starting to dominate the market with Kia Motors and Hyundai Motor Company (현대자동차). Europe is a different convo, with price being the number one driver outside the UK 🇬🇧 and Germany 🇩🇪. Polestar and Volvo Cars are Chinese brands many consider local and from ZEEKR极氪 to BYD, dealers are popping up all over. https://lnkd.in/g3BFwwDS

INTERNATIONAL CAR MARKET 1. More than 155,000 Hyundai Ioniq 5 and Ioniq 6 electric cars are being recalled globally because the 12V battery charger may fail to cause kinetic loss. (source: VnMedia) 2. Research in many big countries such as the US, Sweden, Australia... shows that the rate of gasoline cars on fire is 80 times higher than that of electric cars. (source: VnMedia) 3. Most Americans are not really interested in electric vehicles due to many concerns, especially doubts about the scope of this new vehicle and the price barrier and lack of charging stations. (source: Vietnamnet) 4. Many Toyota car dealers in the US have taken advantage of raising the price of models of interest such as Land Cruiser, Tacoma and the latest Camry, with a difference of thousands of dollars. (source: Vietnamnet) 5. The HWA brand plans to revive the legendary Mercedes-Benz 190E with a limited refurbished version of only 100 units. (source: Tien Phong Newspaper) 6. Toyota is testing hydrogen-fueled Hilux prototypes to assess the feasibility of this vehicle before going into commercial production. (source: Hay Car) 7. In the near future, Ford will launch a new pure electric sports crossover model called Ford Capri EV 2025. The car is expected to be released on July 10 and put into production from the end of this year. (source: Knowledge & Life) 8. Peugeot - CEO Linda Jackson, said it will not produce more Peugeot Sport Engineered (PSE) branded models because it is prioritizing electrification conversion. (source: Hay Car) 9. 'Honda has officially ''started'' to assemble the first plug-in hydrogen fuel cell model called CR-V e: FCEV. (source: Car Hay)' 10. Statistics show that electric cars of Hyundai Motor Co. and Kia Corp. accounted for 11.2%, equivalent to 48,838 units out of a total of 437,246 electric vehicles sold in the US market in the first 5 months of this year. (source: Dak Nong Newspaper) Reup bởi: #selena_mặc_áo_vàng_khè đi con xe #Jeep_hồng_lè

The recent joint announcement by #Honda and #Nissan to explore working together marks yet another step forward in the consolidation of Japan’s auto industry. This move is a clear acknowledgment of today’s global realities where the Chinese are forging ahead in the electric vehicle (EV) arena. Japan has trailed behind in comparison, and the partnership between Honda and Nissan for electrification serves as evidence of this reality. Forming deep relationships is the only way for automakers to stay afloat in this competitive era of manufacturing EVs, especially when they are up against a formidable opponent like China. The killer combination of top-end features and an affordable price tag has drawn buyers from across the world to Chinese EVs. Europe is already under pressure from its carmakers to impose tariffs on EVs imported from China, and the US is likely to follow suit for Chinese car brands shipped out from their facilities in Mexico. While #Toyota remains the world’s largest carmaker, going solo is not the answer when standing up to the challenges of tomorrow. Toyota has been at the forefront of sewing up key alliances to stay ahead of the race, including its partnership with #Suzuki Motor Corporation for emerging markets like India and Africa. The Japanese automobile industry faces even greater pressure due to the EV blitz originating from China, and consolidation is becoming a natural trend to reduce wasted resources. Benefits of such association: 1.Efficiency and Resource Optimization 2.Technological Synergies 3.Market Concentration 4.Strategic Positioning 5.Survival and Adaptation Will we observe such trends in India Auto Industry in coming years? #EV ##automotiveindustry Source: https://lnkd.in/gu-664cp

Two major #European automakers consider a joint production plan to head off the threat of inexpensive #Chinese #BEV imports. #Volkswagen is thought to be exploring a commercial tie-up with #Renault in a bid to produce inexpensive battery-electric vehicles #BEV to compete against a wave of low-cost Chinese cars expected to flood into #Europe. The rumors have been cited in the #German #Handelsblatt newspaper whose sources claim the automakers want to cooperate on a shared vehicle platform to bring a sub-€20,000 ($21,476) BEV to market. While that paper’s sources are quoted as saying negotiations with Renault are “at a very early stage,” the move makes sense considering the #French automaker’s production advantage since the establishment of its #Ampere BEV business. Renault carved out the stand-alone company from the rest of the group earlier this year to provide platforms for its own BEV offerings, but with the implication the company also could work as a Tier 1 supplier for other automakers. The businesses’ platforms have been used in several Renault products including the Megane E-Tech, Scenic E-Tech, Renault 5, Renault 4 and the Twingo Legend concept to replace the current electric Twingo and expected to sell at the targeted €20,000 threshold before any government subsidies. Renault’s Alliance partners, #Nissan and #Mitsubishi, also recently confirmed they are investing up to €600 million ($647 million) and €200 million ($215 million), respectively, in Ampere. A spokesperson for Renault tells the Reuters news agency cooperation is necessary to be competitive with small, entry-level electric vehicles, adding: “We are in different discussions but nothing has been finalised.”

China’s EV price war to hot up as carmakers respond to BYD’s discounts and apply more pressure on petrol vehicle industry: Three carmakers, including a General Motor’s ( … could reshape the country’s automotive sector. SAIC-GM-Wuling – GM … Wuling Motors – Changan Automobile, and Hozon New Energy Automobile, have this week … #car #cars #awesome

Toyota went from the leader in sales in China for over decade to #3 currently. I'd be surprised if it can be anywhere near the top 10 in sales by 2028. All other major automakers from Japan will be irrelevant by 2028. If not for the joint venture with Chinese automakers, VW won't be in the second place either. To say that the world is not ready for EV adoption is like burying your head in the sands. Toyota is about 5 years behind in EV technologies. 5 years is an eternity in EV world. #evmarket #businessstrategies #automarket #china #japan #toyota #technology https://lnkd.in/gFJZ5HHV