Hyundai Has a New CEO

[Tohto]

On 11/21/2024 at 9:15 AM, Tohto said:

Have you step into one yet?

Their quality is not cheap cheap type..  actually is very good for those main player.

To add on, many Japanese car makers are dying.

Nissan, Mazda, and Mitsubishi are all struggling..  Suzuki & Dihatshu is a small player in their domestic for K class.

Their car maker will be like their electronics that already fall far behind Korea. And China is also catching up very fast. When I saw all the Electric appliances in Aussie hotels & AirBnB are all from China.

[teomingern]

On 11/21/2024 at 9:30 AM, inlinesix said:

This is a very western media view.

For US, it has abundant of oil. With new EPA head, SMLJ COP is given a middle finger.

For EU, it is stuck. It cares about environment but doesn’t want to be threaten.

Currently, CATL & BYD is the world biggest battery supplier.

Gigapress supplier is bought by China. With giant piece of car body, it provides a safer cabin for occupants.

Look at crash test video in Electric Car. Maybach A pillar broke at the point where 2 different metal welded together.

EV from BAIC, GAC, SAIC, Geely and BYD will still be there 10 years from now.

China product circle is calculated in Quarter. Don’t underestimate their ability to catch and surpass.

Actually I'm still skeptical... it's truly hard to turn a profit for car makers... even for giant ones like BYD or Geely or SAIC, etc.... that also applies to companies like Tesla, Lucid, etc... unless there's a monumental breakthrough in battery technology and charging technology, another technology like hydrogen combustion or fuel cell may surpass battery electric vehicles, which would create a significant problems for these companies... while the Japanese companies like Toyota, Honda & Nissan may seem conservative, they're also not stupid or reluctant to engage with new technologies, they're perhaps more pragmatic. Whereas the Chinese will just flog anything they can, and iterate from there. Perhaps the consumer market is also different which allows that to take place. Time will tell... right now I'm very skeptical about battery electric cars as a whole, not just the Chinese companies per say...

[teomingern]

On 11/21/2024 at 10:16 AM, Tohto said:

To add on, many Japanese car makers are dying.

Nissan, Mazda, and Mitsubishi are all struggling..  Suzuki & Dihatshu is a small player in their domestic for K class.

Their car maker will be like their electronics that already fall far behind Korea. And China is also catching up very fast. When I saw all the Electric appliances in Aussie hotels & AirBnB are all from China.

Cos they're cheaper I guess... well made or not is another question lar... there will always be a trade-off in terms of price and quality... and that disparity won't last forever... already the Chinese workers are demanding for higher pay, the cost of labour increases, the cost of production will increase significantly with time...

[teomingern]

On 11/21/2024 at 9:15 AM, Tohto said:

Have you step into one yet?

Their quality is not cheap cheap type..  actually is very good for those main player.

I stepped into a BYD Seal before... spend quite a while inside at a road show... feels good definitely... not sure how long it lasts, or if there are any corners cut... road feel I don't know... never lived with one so I can't tell... 

[Tohto]

On 11/21/2024 at 2:32 PM, teomingern said:

Cos they're cheaper I guess... well made or not is another question lar... there will always be a trade-off in terms of price and quality... and that disparity won't last forever... already the Chinese workers are demanding for higher pay, the cost of labour increases, the cost of production will increase significantly with time...

As I said, their quality is good. It cannot compared to the older days.  Chery, Geely model sold here. It is completely different.

You need to step into one to check on it.

[teomingern]

On 11/21/2024 at 2:35 PM, Tohto said:

As I said, their quality is good. It cannot compared to the older days.  Chery, Geely model sold here. It is completely different.

You need to step into one to check on it.

Yes I know... definitely different... I think BYD feels good, while Nio & XPeng are really good niche brands... other than that, I don't really know... I see a cycle like with the Japanese & then the Koreans... all started cheap and dubious, then as quality improved, prices also rose... so Japanese cars aren't considered cheap cars today, and now even Korean cars aren't considered cheap cars today... ditto for the Chinese cars... they won't remain cheap for long... with product cycles so short, they have to claw profitability from somewhere... hence longevity of these car companies remains unknown... the world politics and economy hasn't been in so much flux for much of the last 20-30 years... but what do I know right? Ha ha ha... just hope and pray Singapore remain stable and prosperous for the foreseeable future...

[inlinesix]

On 11/21/2024 at 2:30 PM, teomingern said:

Actually I'm still skeptical... it's truly hard to turn a profit for car makers... even for giant ones like BYD or Geely or SAIC, etc.... that also applies to companies like Tesla, Lucid, etc... unless there's a monumental breakthrough in battery technology and charging technology, another technology like hydrogen combustion or fuel cell may surpass battery electric vehicles, which would create a significant problems for these companies... while the Japanese companies like Toyota, Honda & Nissan may seem conservative, they're also not stupid or reluctant to engage with new technologies, they're perhaps more pragmatic. Whereas the Chinese will just flog anything they can, and iterate from there. Perhaps the consumer market is also different which allows that to take place. Time will tell... right now I'm very skeptical about battery electric cars as a whole, not just the Chinese companies per say...

Hydrogen Fuel Cell has 2 problem:

1. Zero breakthrough in tech: BMW launched Hydrogen 7 in 2005.  It is almost 20 years and there is no huge breakthrough.

2. Expensive: Toyota is selling Mirai in USA for USD. In US, you can RX350 (Base trim) for that money.

With USD50k, you can get Model3 Performance, left with USD8k for charging.

I believe Tesla has positive retained earnings.