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    Western and Japanese carmakers keep losing market share in China, with Tesla starting to fall recentlly as well


    Western and Japanese carmakers keep losing market share in China, with Tesla starting to fall recentlly as well

    Posted by Straight_Ad2258

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    5 Comments

    1. College_Prestige on

      Byd just announced super fast charging (5 min for 250 miles), so expect that byd number to spike more

    3. OgreMcGee on

      We need a “This is Good for Tesla” bot at this point.

      The valuation on it seems just as irrational as crypto at this point.

    4. stav_and_nick on

      Imo the story is more about keeping up with Chinese trends than anything else. For example, Changan and Wuling are homegrown boys, and they’re eating shit too

      For years, Western automakers followed a fairly simple playbook in China. Develop a feature in the west, wait until R&D is paid off, then bring it into China. Take profit for a few years until the local OEMs created a similar feature, and then repeat the entire process

      If local OEMs can never catch up, you’re fine. But that’s a really huge gamble to make, one that most Western OEMs (especially VW and Chevy) lost

      Chinese roads are awful, so drive assist is really important. Chinese car buyers are much younger on average than Western buyers, so they want tech. Due to subsidies, regulations, and fuel costs, they want EVs. All of these things aren’t super appealing to 60 year old executives in Detroit or Wolfsburg, so they missed it

      The one that gets me is Toyota. If you ignore the overall market because its heavily EV, Toyota has actually *gained* marketshare. And they released a big paper back in ~2017 that almost exactly called how the Chinese transition to EVs would go. And then they just… didn’t do that? Even a shitty version of a Corolla EV would have really helped them, but it just didn’t happen

    5. Straight_Ad2258 on

      problem is that Western+Japanese carmakers barely produce any EVs in China

      China’s EV market share was 49.5% in February, but among domestic Chinese carmakers,EV share was 70%

      NEV penetration at retail in February was 70 percent for local brands, 23 percent for luxury brands and 4 percent for mainstream JV(joint venture) brands, according to CPCA.

      [https://cnevpost.com/2025/03/10/china-feb-2025-nev-retail-cpca/](https://cnevpost.com/2025/03/10/china-feb-2025-nev-retail-cpca/)

      now they are starting to make EVs as well,but its too late ,as the Chinese competition is ahead of the game

      VW and Toyota should mentally write off 70-80% of their Chinese car sales in the coming 10 years

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