Beyond Tesla And Nio — Companies Exploit China's Mass EV Potential
Beyond Tesla And Nio — Companies Exploit China's Mass EV Potential
Segment leaders such as Tesla Inc (NASDAQ:TSLA), Nio Inc (NYSE:NIO), and Xpeng Inc (NYSE:XPEV) may have made their mark on the Chinese consumer, but low-priced EVs are enjoying the mass appeal in the East Asian country.
Huge Customer Base: EVs, such as a $10,000 crossover vehicle made by Hozon Auto, are attracting customers due to lower maintenance costs and a smaller price tag, reported Bloomberg.
庞大的客户群：据彭博社报道，电动汽车，如Hozon Auto制造的1万美元跨界车，由于更低的维护成本和更低的价格，正在吸引客户。
“These ultracheap EVs are reaching a new customer in China, as they likely will in other markets as prices come down,” said Siyi Mi, a BloombergNEF analyst.
彭博社(BloombergNEF)分析师米思义(Siyi Mi)表示：“这些超大堆电动汽车正在中国吸引新客户，随着价格下降，它们很可能会进入其他市场。”
Widening Choice: Availability of a wider range has the Chinese consumer spoilt for choice. There is the Hozon Auto Neta N01. Also available is the e1 minicar from Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett-backed BYD Company Ltd (OTC:BYDDF) priced at $8,950 and the Hong Guang Mini, a two-door vehicle available for just $4,230. The Hong Guang Mini, built by Wuling — a joint venture between General Motors Company (NYSE:GM) and the state-owned SAIC Motor — reported sales in excess of those by Tesla’s Model 3 by two-to-one late last month.
Need For Low-Cost EVs Felt Elsewhere: Car prices have outrun wage growth in the United States, which means the lowest-earning fifth of the population needs to spend 30% of their income on transportation costs, according to Bloomberg.
其他地方对低成本电动汽车的需求：据彭博社(Bloomberg)报道，在美国，汽车价格已经超过了工资增长，这意味着收入最低的五分之一人口需要将收入的30%花在交通费上。
“Taking into account people’s access to transportation, it’s very important to see a greater diversity of models like EVs being offered on the lower end of the price range,” said Selika Talbott, a professorial lecturer and a founding partner of an automotive consultant company, Bloomberg reported. Priced at just under $30,000, the cheapest EV available in the U.S. after subsidies from a major vehicle maker is General Motors Company’s (NYSE:GM) Mini Cooper SE. Some vehicle manufacturers such as ElectraMeccanica Vehicles Corp (NASDAQ:SOLO) want to change that by introducing single-person vehicles priced under $20,000.
The Frontrunner On A Backfoot: In February, Tom Zhu, the president of Tesla China, dismissed news that it is working on a $25,000 mass-market vehicle. Previously some media outlets had reported that such a vehicle would have been sold globally.
后来居上的领跑者：今年2月，特斯拉中国区总裁汤姆·朱(Tom朱)表示，被驳回的消息该公司正在研发一款售价2.5万美元的大众市场汽车。此前，一些媒体曾报道称，这样的汽车将在全球销售。
Xpeng Chairman Brian Gu said last September that the company’s mid-range EVs are already priced around the $25,000 mark.
新鹏董事长古永锵(Brian Gu)去年9月表示，该公司的中档电动汽车的价格已经在25,000美元大关左右。
Click here to check out Benzinga’s EV Hub for the latest electric vehicles news.
点击这里查看Benzinga的EV Hub了解最新的电动汽车新闻。
译文内容由第三方软件翻译。