Just watched this 11 minute video about China Copying of Products & Theft Intellectual Property.
In the video he talks about Changan Automtive producing an EV very similar to the Tesla 3 called the Shenlan SLO 3. The video incorrectly states the Tesla 3 price in China is $40K. I understand Tesla has dropped the pricing to $36.5K in China.
However the cost of the Shenlan SLO 3 is $26K in China.
THe first English review indicates it is NOT Tesla 3 equal. But is it GOOD ENOUGH?
Xpeng Motors has released its new G-9 SUV. It is very similar to Tesla’s model Y. Base model G-9 is $44K. in China. Tesla Y-$52K in China.
The above seems to indicate that competition is ramping up. And within 5 years the Chinese EVs will be for sale within the USA. (China already has a presence in Europe.) That will affect Tesla profit margins. But will accelerate EV penetration within the USA at the same time and creating more EV charging demand & construction of more stations.
And it still hasn’t caught up with the US despite having over four times the population, stealing US intellectual property, and the US buying up all the stuff they make. And just now they are on the point of imploding. Will they Tiananmen the protesters?
There are precedents. For years every Chinese kid wanted to own an iPhone. Then, a number of years ago the Appo phone appeared. It had a higher resolution screen, longer battery life, better camera, a mini-SD slot for additional memory and could hold dual SIM chips (among other advantages). Today, despire the Appo selling at a premium price compared to other Android phones (costs more than a Samsung, for example), the brand’s stores are packed with buyers (rather than tire kickers). Apple is still popular in China for the same reason that people like to show off their Rolex watch or Gucci sneakers, but I suspect they have lost significant market share to Appo.
Chinese market share (Appo consistently sells more than Apple):
(Who still owns, but no longer uses, an Honor phone which was silly inexpensive considering the suite of advantages over Apple/Samsung models)
I was raised on Irish or Jewish or Indian food. Dad’s family was out of London.
The Chinese restaurant owner and his wife heard I do not eat Chinese food. The two of them were angry. Turned out neither of them ever had eaten off their own menu.
Eventually the mom had to feed me. She never let anyone not be fed. So I sat down to eat with the dad/restaurant owner and had his food. No American had ever eaten with him before and never his food. Both parents who owned the restaurant were very happy I was eating with them. The next few years no one else on the American side of the staff would. It also was never offered. I shocked a few Amerian guys who watched this.
Captain when you are talking about fried rice…you have never actually had Chinese food.