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Volkswagen:Competition From China EVs: Difference between revisions
Volkswagen:Competition From China EVs (view source)
Revision as of 12:03, 2 September 2024
, 2 September 2024→How will BYD's Europe Plant Operate?
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=== Profits === | === Profits === | ||
* According to an analysis by the A2MAC1, BYD's Dolphin commanded a $7,400 (6,690 euros) profit premium in Europe compared to China<ref>https://www.reuters.com/business/autos-transportation/why-byds-ev-exports-sell-twice-china-price-2024-04-26/</ref>. | * According to an analysis by the A2MAC1, BYD's Dolphin commanded a $7,400 (6,690 euros) profit premium in Europe compared to China<ref name=":4">https://www.reuters.com/business/autos-transportation/why-byds-ev-exports-sell-twice-china-price-2024-04-26/</ref>. | ||
* According to price analysis by the Rhodium Group, BYD makes a profit of around 14,300 euros per each SEAL U model sold in Europe, compared to 1,300 euros made in China. The analysis takes into account manufacturer suggested retail prices (MSRPs), shipping, tariffs, distribution and VAT costs<ref name=":3">https://rhg.com/research/aint-no-duty-high-enough/</ref>. | * According to price analysis by the Rhodium Group, BYD makes a profit of around 14,300 euros per each SEAL U model sold in Europe, compared to 1,300 euros made in China. The analysis takes into account manufacturer suggested retail prices (MSRPs), shipping, tariffs, distribution and VAT costs<ref name=":3">https://rhg.com/research/aint-no-duty-high-enough/</ref>. | ||
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=== How will BYD's Europe Plant Operate? === | === How will BYD's Europe Plant Operate? === | ||
*'''UBS estimate that BYD's vehicles produced in Europe would likely be 25% cheaper than those of its rivals thanks to its highly integrated vertical supply chains and the fact that 75% of its auto components are made in-house<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>.''' | *'''UBS estimate that BYD's vehicles produced in Europe would likely be 25% cheaper than those of its rivals thanks to its highly integrated vertical supply chains and the fact that 75% of its auto components are made in-house<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>.''' According to Benchmark analyst Roman Aubry, BYD is able to negotiate lower costs for battery materials since it's a giant battery maker<ref name=":4" />. | ||
* BYD Europe CEO Michael Shu confirmed to Automotive News Europe in March 2024 that production at the Szeged, Hungary will start before 2026 and will have an '''annual production capacity of 150,000 that could double to 300,000'''<ref>https://www.autonews.com/china/how-byd-aims-become-top-ev-player-europe</ref>'''.''' | * BYD Europe CEO Michael Shu confirmed to Automotive News Europe in March 2024 that production at the Szeged, Hungary will start before 2026 and will have an '''annual production capacity of 150,000 that could double to 300,000'''<ref>https://www.autonews.com/china/how-byd-aims-become-top-ev-player-europe</ref>'''.''' | ||
* The Szeged plant is '''set to receive subsidies from the Hungarian government'''. Hungary's Foreign Minister Peter Szijjarto said the amount of the subsidy will be announced once the EU Commission approves the plant. "This is set to be one of the biggest investments in Hungarian economic history," he said<ref name=":1" />. | * The Szeged plant is '''set to receive subsidies from the Hungarian government'''. Hungary's Foreign Minister Peter Szijjarto said the amount of the subsidy will be announced once the EU Commission approves the plant. "This is set to be one of the biggest investments in Hungarian economic history," he said<ref name=":1" />. | ||