c**i
发帖数: 6973 | 1 (1) Patti Waldmeir, China Rethinks Electric Car Policy as Timetable Looks
Too Optimistic. Financial Times, Aug 23, 2011 (title in print).
http://www.ft.com/cms/s/0/b213d66e
-ccaf-11e0-b923-00144feabdc0.html
Quote:
"China had planned to leapfrog a generation of conventional engine
technology to develop what Beijing hoped would be an early advantage over
the west in electric cars.
"China's targets of 1m new energy vehicles on the roads by 2015 and 5m by
2020 could be revised to include conventional hybrid
BYD "has repeatedly delayed plans to commercialise and export its electric
vehicles.
(2) Patti Waldmeir, BYD Comes Down to Earth. Financial Times, Aug 24, 2011 (
blog).
http://blogs.ft.com/beyond-brics
/2011/08/23/byd-comes-down-to-earth/
(BYD "is nothing if not over-ambitious – much like China itself. * * * BYD
is disappointing the market, yet again, with another profit warning: time
for a dose of realism all around. Late on Monday [Aug 21] BYD * * * warned
the Hong Kong market that net profit for the first three quarters of this
year may be down 85-95 per cent. Its shares have fallen 60 per cent so far
this year.")
Note: Patti Waldmeir, BYD Cuts Prices on Its Electric Cars. Financial Times,
Aug 19, 2011.
There is no need to read it.
(3) Norihiko Shirouzu and Joanne Chiu, Buffett's China's Car Play Sags; Wall
Street Journal, Aug 24, 2011.
Quote:
"Investors dumped BYD's Hong Kong-listed shares Tuesday following its
disclosure that its first-half profit fell nearly 90% from a year earlier to
275.36 million yuan ($43 million) * * * Its car sales [] account for nearly
hlaf of its revenue, fell 23% in the first half of hte year to 220,131 cars
.
"BYD's car sales have been slipping since last summer in part because of
competition from affirdable cars launched in China by foreign companies and
their local partners
My comment:
(a) WSJ quotes Sahnghai analyst Yale Zhang as saying that BYD invests in
electric car to differentiate itself but does not "have money left for
regular gasoline car developement."
(b) Indeed the left panel of the graphic shows BYD is cutting its overall R
& D compared with last year. The right panel showed decreasing sales, as
much as by a third, each month of this year compared with the same month a
year ago, based on data not from the company (probably BYD does not release
them) but from China Passenger Car Association.
(c) There is no need to read the rest.
(4) Keith Bradsher, Hertz to Begin Renting Electric Cars in China; Shenzhen
Maker Will Supply Them. New York Times, Aug 24, 2011.
http://www.nytimes.com/2011/08/24/business/global
/hertz-to-begin-renting-electric-cars-in-china.html?_r=1&scp=1&sq=byd&st=cse
(US car rental company Hertz will start later this week to rent out just two
e6 cars in each of China's 3 cities: Beijing, Shanghai and Shenzhen. "Hertz
plans to have 25 to 30 electric cars available for rent by the end of this
year and is mainly limited by the production available from BYD.")
Note:
(a) The report also says, "BYD’s E6, the only electric car that a Chinese
automaker has put into production so far, retails for 299,800 renminbi, or $
47,000, before subsidies."
(b) BYD e6 started appearing in May 2010as red-and-white taxi in Shenzhen,
owned by Shenzhen Pengcheng Electric Taxi Co Ltd 鹏程纯电动汽车出租公司, a
joint venture of BYD and Shenzhen Bus Group Co Ltd 深圳市巴士集团股份有限公
司 (whose website indicates it is "国有控股企业").
(i) Chen Limin and Li Fangfang, Electric Taxis Take to the Streets of
Shenzhen. China Daily, May 22, 2010.
http://www1.chinadaily.com.cn/bizchina
/greenchina/2010-05/22/content_11395777.htm
(ii) Fang Yan and Don Durfee, Analysis: Chinese Electric Taxis Struggle to
Win Mass Appeal. Reuters, June 29, 2011.
http://www.reuters.com/article/2011/06/29
/us-etaxis-idUSTRE75S0TX20110629
Quote:
Drawbacks: "Charging stations are few and far between, repair shops are hard
to find and the cars are costly. Even after generous government support,
the Shenzhen e-taxi costs 80 percent more than the Volkswagen Santana that
ordinarily cruises the streets of Shenzhen.
"The [Pengcheng taxi] company is still sitting on a big loss that [its
general manager] Du blames on hefty upfront investments, insufficient
charging spots and the limited distance that an EV can travel per charge.
* This Reuters report was translated into Chinese:
ppuibe, 分析：中国电动出租车的普及面临重重困难. July 1, 2011
http://article.yeeyan.org/view/129153/203788
(5) Watch out, dude. California-based Tesla will roll out Model S in mid-
2012.
http://www.teslamotors.com/
Note:
(a) Press release: Tesla Motors’ Model S to Feature NVIDIA Tegra Processors
. Nvidia, Jan 4, 2011.
http://www.nvidia.co.in/object/tegra-tesla-motors-press-2011010
(b) Tesla Motors builds electric motor and controller in Taiwan:
"The Tesla Roadster power electronics module, or PEM, is manufactured based
on our design by a contract manufacturer located in Taiwan."
Form 10-K.Teslator Motors, Inc, March 3, 2011
http://www.faqs.org/sec-filings/110303
/TESLA-MOTORS-INC_10-K/
On June 13, 2009 ( in the depth of recession), Tesla landed $465 million
loan from US Department of Energy for Model S. The loan carried a Buy-
America stipulation.
Gilbert Passin, The Tesla Factory: Birthplace of the Model S. Tesla Motors,
June 16, 2010 (blog)
http://www.teslamotors.com/blog/tesla-factory-birthplace-model-
("Here's how we will build it. The Model S will be produced at the new Tesla
Factory in Fremont, California. Everything from body panel stamping to
final quality testing will take place at the Tesla Factory")
Roadster will be discontinued when Model S starts selling. |
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