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Volkswagen:Competition From China EVs: Difference between revisions
Volkswagen:Competition From China EVs (view source)
Revision as of 14:29, 6 September 2024
, 6 September 2024→How are prices and profits of models produced by the same Chinese brand developing in different regions?
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[[File:T&E upcoming EVs.png|left|thumb|792x792px]] | [[File:T&E upcoming EVs.png|left|thumb|792x792px]] | ||
== | == Prices and Profits Of EVs Made in China and Europe == | ||
=== Prices === | === Prices === | ||
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* UBS pointed out that Tesla Model 3 (starting at around 28,500 euros) made in China is 15% more expensive than its BYD rival (also made in China). It added that BYD's vehicles sold in China are 35% cheaper than those of its competitors made in Europe<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>. | * UBS pointed out that Tesla Model 3 (starting at around 28,500 euros) made in China is 15% more expensive than its BYD rival (also made in China). It added that BYD's vehicles sold in China are 35% cheaper than those of its competitors made in Europe<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>. | ||
=== 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 name=":4">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>. | ||
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* An analysis by UBS established that it costs less for Chinese EVs to export to Europe than manufacture locally. '''The analysis also established that it would cost BYD $10,500 (€ 9,500) less to produce its SEAL in China than a Volkswagen ID.3 in Europe. Still, they concluded that that BYD will still be able to achieve a 25% cost advantage by producing in Europe thanks to its vertically integrated supply chain. UBS pointed out that BYD makes 75% of its auto parts internally'''<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>. | * An analysis by UBS established that it costs less for Chinese EVs to export to Europe than manufacture locally. '''The analysis also established that it would cost BYD $10,500 (€ 9,500) less to produce its SEAL in China than a Volkswagen ID.3 in Europe. Still, they concluded that that BYD will still be able to achieve a 25% cost advantage by producing in Europe thanks to its vertically integrated supply chain. UBS pointed out that BYD makes 75% of its auto parts internally'''<ref>https://technode.com/2023/09/06/byds-manufacturing-costs-in-eu-could-be-25-lower-than-rivals-ubs/</ref>. | ||