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Yahoo
a day ago
- Automotive
- Yahoo
Chinese sales in SE Asia's Top 4 markets rise 58% in Q1
Sales of Chinese-branded vehicles in South-east Asia's four main markets, including Indonesia, Malaysia, Thailand and the Philippines, rose by over 58% to 67,558 units in the first quarter of 2025 compared with 43,646 units in the same period last year, as the country's automakers continued to step up their global expansion in a bid to reduce their dependence on their home market. Many Chinese brands only entered markets in the region in the last year, while existing players continued to expand their sales networks. In total, there are around two dozen Chinese brands active in the South-east region at present, accounting for over 10% of the region's sales in the first quarter of 2025 – up from just over 6% in the same period last year, in markets that for many decades have been dominated by Japanese brands. Governments in the region are offering generous incentives to attract new automotive sector investment, particularly for the production of battery-powered and hybrid-electric vehicles and related supply chains, as part of their commitments to reduce carbon emissions. Competition for this investment is tough, with some countries offering temporary exemptions on import tariffs ahead of local production and other tax incentives. China is the world's largest producer of hybrid and electric vehicles and its manufacturers have been quick to take up the incentives on offer. In most countries in the region, they already dominate the fledgling BEV markets, in the absence of any significant competition from the Japanese. Thailand remains the region's largest market for Chinese-branded vehicles, with first-quarter sales amounting to just under 27,000 units – up 27% year-on-year, to account for almost 18% of total vehicle sales in the country. BYD and its Denza brand together accounted for over 11,140 sales, followed by SAIC Motor and GAC-Aion with 4,760 and 3,091 units respectively. Indonesia was the second-largest market for Chinese automakers in the first quarter, after sales grew by 161% to 21,270 units. They accounted for just over 10% of the total market, up from less than 4% a year earlier. Around half of the brands active here entered the market only in the last year, targeting mainly the BEV segment. This includes BYD which sold 8,820 BEVs in the first quarter. Wuling was the next best-selling Chinese brand with 4,882 sales, followed by Chery with 4,554 units – including models sold under its Omoda, Jetour and Jaecoo brands. Malaysia was the third-largest market in the region for Chinese brands, with first-quarter sales rising by 53% to 10,951 units. They accounted for less than 6% of total sales, however, the lowest penetration rate among the four markets surveyed, with Chery by far the largest player with some 6,826 sales. The data do not include sales by Proton, which sources a growing number of models from China's Zhejiang Geely Holding Group, which has a 49.9% stake in the company. The Philippines is the smallest market for Chinese brands among the four countries, albeit with sales rising by 38% to 8,385 units in the first quarter – accounting for just over 7% of total vehicle sales in the country. SAIC's MG was the best-selling Chinese brand with 2,422 sales, followed by BYD with 2,210 units. The top three automotive groups accounted for over 70% of Chinese vehicle sales in the four countries surveyed. These included BYD, Chery and SAIC Motor. BYD was behind most of the Chinese volume growth in the region in the first quarter of 2025, with its sales more than doubling to 24,569 units – thanks mainly to its entry into the Indonesian market last year. Here it is building an assembly plant which is scheduled to be completed by the end of 2025. The company sold 8,820 vehicles in the country in the first quarter versus none a year earlier, while sales in the Philippines jumped from 57 units to 2,210 units as the company continued to roll out its sales network. Sales in Thailand increased by 11% to 11,140 units, while in Malaysia volumes were up by 25% to 2,397 units. Chery was the second-largest Chinese automaker in the region, after its sales rose by 80% to 12,847 units in the first quarter. The company's largest market is Malaysia, where its sales rose by almost 50% to 6,826 units – accounting for more than half its sales in the region. In Indonesia, the company delivered 4,554 units, a threefold increase year-on-year, while in Thailand and the Philippines its sales were more limited at 1,467 units combined. SAIC Motor came in third, albeit with sales falling by almost 9% to 10,918 units in the first quarter of 2025. The company is one of the longest-established Chinese automakers in the region, after its majority-owned SAIC-GM-Wuling joint venture built a plant in Indonesia in 2016. Here it sold 4,882 Wuling-branded ICE, hybrid and BEV vehicles in the first quarter of the year. Its other main market in the region is Thailand, where it sold 4,760 vehicles under the MG and Wuling brands. "Chinese sales in SE Asia's Top 4 markets rise 58% in Q1" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
News18
6 days ago
- Automotive
- News18
Video Shows Chinese EV BYD Parking Sideways; Internet Concerned About Tyres
Last Updated: The BYD Denza N9 was developed by BYD's premium sub-brand Denza in collaboration with Merce. A video showing a BYD electric vehicle (EV) performing a sideways parking manoeuvre has surfaced on social media, leaving viewers both amazed and concerned. The 15-second clip shared by an X (formerly Twitter) user showed the car — Denza N9 — effortlessly sliding sideways into the tight parallel parking spot on a busy street in China. No reversing or adjusting. The undated clip, seemingly, highlights what appears to be the Chinese EV manufacturing giant's advanced wheel technology. This feature allows the vehicle to perform a 'crab-walk', with all four wheels rotating and moving the car sideways in a straight line. Many internet users were impressed with the futuristic tech, but it also sparked a flurry of humorous and sceptical responses. A user commented that driving manual cars would become an 'outdated skill". advetisement Another user decided to make a rhyme out of it, saying, 'Once in a while stunt. Do it every day and your tires shall go bust." A third user had a premonition that the tyre industry already loved the parallel parking feature, while a fourth user said, 'This looks like it could go badly wrong if road traction is variable for each wheel." BYD's Denza N9 The BYD Denza N9 was developed by BYD's premium sub-brand Denza in collaboration with Mercedes-Benz. The automobile is slated to compete with high-end EVs and features a sleek design, spacious interiors, and cutting-edge technology. The N9 also boasts a high-capacity battery, fast charging, and smart cockpit features for modern drivers. Its advanced parallel parking system allows the vehicle to move sideways thanks to its all-wheel steering function. The feature enables a car to slide into tight parking spots, which could reportedly dramatically improve urban parking convenience. BYD's system uses precise automated steering, which could cause increased tyre scrubbing during tight manoeuvres. If the feature is used frequently, it can wear the tyres—especially those on the front— faster. It could also lead to uneven tread degradation. First Published: Latest News Trisha Krishnan On Thug Life And Working With Mani Ratnam: 'It Was Just About Playing Dress Up' Tamil Cinema Bollywood Randeep Hooda Is 'So Happy' As Sarabjit Singh's Daughter Welcomes Baby Girl Bollywood Khushi Kapoor Is 'Param Sundari' Sister Janhvi's Biggest Cheerleader photogallery Mangoes Of India: From Alphonso To Dasheri, Exploring Varieties Of Country's Most Loved Fruit | VFX Viral Video Shows Chinese EV BYD Parking Sideways; Internet Concerned About Tyres latest news
WIRED
7 days ago
- Automotive
- WIRED
Auto Shanghai 2025 Wasn't Just a Car Show. It Was a Warning to the West
After poaching some of the best Western auto talent, China's car industry is about to dominate globally with charging rates, ranges, luxury design, technology, and sheer volumes. It has long been said that visiting China from the West is akin to landing in a parallel universe. Pick any major city and most aspects look and feel broadly familiar, yet the fundamentals are different. You can't hail an Uber or use Google Maps to get around, and your hotel TV won't have Netflix. Instead, there's always a domestic alternative. One that is likely newer, bigger, quicker, and perhaps even better than what you're used to back home. And so to the Chinese car industry, whose latest opportunity to scare the living daylights out of Europe and the US came at the Auto Shanghai motor show. Held at the world's second-largest exhibition space, the show saw more than 1,400 cars from 26 countries spread across 13 halls. Some 93 vehicles made their world debut in front of 1 million attendees. YouTubers would later upload whole-show walk-throughs with run times longer than Interstellar . How many world debuts do you suppose took place at the 2024 Geneva International Motor Show? About a dozen. No wonder it was canceled for 2025. In Shanghai, BYD-owned Denza showed off its electric Porsche 911 rival. Photograph: Getty Images To Western eyes, photos of Auto Shanghai are akin to asking ChatGPT to recreate the glory days of motor shows past. Anyone who strolled the cavernous convention halls of Paris, Frankfurt, Geneva, Detroit, even Birmingham, and gawped at the new and the exciting will recognize the scene. There's lots of shiny metal and carbon, formed into cars of every conceivable size, shape and social status. But the badges are unfamiliar, model names nonsensical; prices implausibly low, performance claims from another planet. Admittedly, some cars are dressed in fur like children's toys, complete with bunny ears and tail, but perhaps that's just the AI hallucinating. This still largely looks like the sort of auto show Europe and the US hosted every few months in a prepandemic world. Names like Jetour, Denza, iCar, Changan, Hongqi and Luxeed won't ring many bells. Keep walking and you'll catch a reassuring glimpse of Audi, Lotus, Buick, and Volkswagen, but the spark of familiarity they bring is quickly extinguished by a stark realization: They are no longer in Shanghai to show the fledgling locals how it's done, as beacons of a Western industry riding high on a century of success. They're surrounded by younger, fitter, and keener rivals with a hunger to put a ding in the universe. And there's about to be a feeding frenzy. Award Winners and Oddballs Highlights of this year's Shanghai show included the Jetour G900, a range-extended electric SUV with two rear-mounted turbines for use as a boat; an electric Porsche 911 rival from BYD-owned Denza; the award-winning Xpeng M03 Mona; and the Maextro S800, a Maybach-rivaling luxury sedan from Huawei. Yes, that Huawei. The telecom company oversees the Harmony Intelligent Mobility Alliance (HIMA), which includes car brands like AITO, Stelato, and SAIC, itself another auto group that includes Roewe, Rising Auto, Wuling, and former British sports car maker MG, among others. The R7 from Luxeed, one of the younger, keener rivals putting a ding in the Western auto industry universe. Photograph: Getty Images There was also Luxeed, a brand related to both Huawei and Chery, the latter of which sold over 2.5 million cars in 2024 and is the parent of Jaecoo, Omoda, Lepas and iCar. Those names might not be familiar to you yet, but they soon will be. Many will land on your radar because of their low prices. Dig a little deeper and you'll find that the Jaecoo 7, a well-priced hybrid SUV, is already selling over 700 units a month in the UK. A nose-diving Tesla registered just 536 cars there in April. Auto Shanghai had plenty of oddballs too. Ora followed up on its Funky Cat with the Ballet Cat, which curiously borrows much of its styling from the original VW Beetle. Songsan filled its stand with cars inspired by late-'50s Americana, including a seven-door take on the VW Microbus and a proportionally challenged revival of a first-generation Corvette. A handful of cars appeared to be inexplicably dressed as cuddly toys, one sharing its stand with a giant comb. Another, the Baojun Yep, had a massive ice cream cone dunked on its roof for reasons unclear. The Baojun Yep had a massive ice cream cone dunked on its roof in Shanghai for reasons still unclear. Photograph:320 Miles in 5 Minutes Such fever dreams won't give Western brands sleepless nights, but the EV technology coming out of China in 2025 certainly will. BYD used the Shanghai show to reveal a charging system powerful enough to deliver 259 miles of range in five minutes, at a peak speed of 1,000 kW—10 times the charge rate of a Mini Cooper. Soon after, domestic rival CATL went one better with its 1,300 kW of charging power, enough to deliver 323 miles of range in five minutes. For context, Europe's fastest-charging EVs, like the Porsche Taycan, fill their batteries at a mere 320 kW. As well as dazzling tech, Chinese automakers are also majoring on small, low-price cars that appeal to Europe, the UK, and even emerging markets. Perfectly decent EVs—on paper, at least—are soon expected to land below the €20,000 ($22,700) barrier. Established marques like Volkswagen, Fiat, and Renault should soon be there too. But with models like the VW ID.1 not due in showrooms until 2027, cut-price alternatives from China's Leapmotor, Lepas, and Firefly could quickly sweep up all the drivers wondering whatever happened to the Ford Fiesta and Volkswagen Up. Things Sure Have Changed It wasn't always this way. Oh, how we once laughed when each year brought a Chinese motor show filled with poor imitations of European bestsellers. Rewind a decade—just a single generation in car years—and the cream of Europe's prestigious brands would reveal world-beating hypercars in the convention halls of Geneva and Paris, while China's auto shows were, to the West, a laughing stock. Glitzy as they may have been, the show floors of Beijing and Shanghai in the mid-2010s featured flagrant knockoffs of British and European cars. Brands like Changan, BYD, Zotye, and Hongqi revealed vehicles unashamedly aping the latest designs of Mercedes, Ford, Land Rover, McLaren, and Porsche. One of the hits of this year's Shanghai show was the Jetour G900, a range-extended electric SUV with two rear-mounted turbines for use as a boat. Yes, a boat. Photograph: Getty Images The most infamous of all the copycats was the Landwind X7, which looked so similar to the Range Rover Evoque that, after four years of legal battles, a Chinese court ruled in favor of JLR, demanding the car be taken off sale and the British company awarded compensation. Six years on, and with JLR absent from Shanghai 2025, China no longer feels the need to copy the West. Instead, it is the US and Europe being forced to play catch-up. Audi hit the Caps Lock key and used Auto Shanghai to reveal the first car of its China-only sub-brand, called AUDI. Lowercase Audi said AUDI's new E5 Sportback 'offers the very best qualities of Audi, reimagined for and tailored to customers in China.' The German company claimed its engineering prowess is being blended with China's own digital ecosystems and innovations, and that the AUDI division, which drops the iconic four-ringed logo, marks the beginning of a new era for the company in the region, 'ensuring rapid response to the evolving demands of the Chinese market.' It will be interesting to see if this China-flavored AUDI Audi—reversing the trend of Chinese makers increasingly nailing the Western auto taste—is a success. Audi has hit the Caps Lock key and used Auto Shanghai to reveal the first car of its China-only sub-brand, called 'AUDI', the E5 Sportback. Courtesy of Audi Some Western brands might need a rapid-response unit of their own, since not only are their sales falling in China, but the popularity of Chinese upstarts elsewhere is surging. BYD expects to double its overseas sales in a single year, rising from 417,000 vehicles in 2024 to over 800,000 in 2025. With US sales on ice, an increasingly brand-agnostic UK is poised to become a key battleground for BYD, along with Latin America and Southeast Asia. Elon Musk's biggest headache has also found success in Australia, where BYD sales hit 40,000 units in 2024 (matching those of a Tesla rapidly heading in the opposite direction), and are on track to double in 2025. Where Tesla has failed to expand its two-vehicle lineup, BYD has grown from one model in Australia in 2022, to six just three years later. China's Smart Western Hiring Spree It's easy to credit Beijing's massive investment in China's nascent auto sector as a prime contributor to its success. But China's closing of the gap to, and in many cases overtaking, US and European carmakers isn't due to cash and copying alone. Just as the Japanese and Korean brands did before them, the Chinese have hired smartly. Luxury sedan maker Hongqi took on Rolls-Royce design head Giles Taylor as its own global vice president of design in 2018. Similarly, Bentley design chief Stefam Sielaff headed to Geely in 2021, while 2024 saw Jozef Kaban—whose pencil gave us the era-defining Bugatti Veyron—swap Audi for MG, a part of Chinese giant SAIC. Stellantis UK managing director Maria Grazia Davino moved to BYD that same year, and JuanMa Lopez, who spent a decade as head of exterior design at Ferrari, moved to Xpeng. The Chery iCar C23 is a small off-road EV priced at the equivalent of $13,000—and hits the UK in 2026. Photograph:Back to Shanghai, and the hits kept on coming. The Nio ET7 promised 620 miles of range from a battery bigger than that of a Rolls-Royce Spectre. The Huawei AITO M9 SUV has a projector screen for entertaining passengers in the second and third rows. The Chery iCar C23, a small electric off-road with the approach and departure angles of a mountain goat, is priced at the equivalent of $13,000 (and is coming to the UK in 2026, to the delight of Suzuki Jimny fans). Headed to the Australian market for under $30,000, the Deepal E07 gave the Tesla Cybertruck a lesson in practicality, with the ability to transform its cargo area from the interior of an SUV to the open bed of a truck. Riding the Wave And it wasn't just a show for EVs. Gas-powered cars shared the floor with all manner of hybrids, range-extended EVs that use engines as generators, and even old-school, stick-shift trucks with turbo-diesel engines ready to conquer emerging markets with rock-bottom prices. At the other end of the market, Hongqi showed off vehicles with the thick carpets, dashboard artwork, and limitless customization normally reserved for Rolls-Royce. Its Guoyue luxury minibus even riffs on Rolls' headliner filled with twinkling LED stars. Songsan filled its Shanghai stand with cars inspired by late-'50s Americana. Photograph:But focusing on what China's still bunging into the photocopier misses the point. Here is an auto industry that—after substantial government support, it must be reiterated—is booming like no other. And, most worryingly of all, it's an industry no longer content with serving its own enormous market. Chinese brands are already making serious inroads across Australia and Europe. In May, it was reported that, for the first time, BYD sold more cars on the continent than Tesla in the previous month. BYD only entered Europe in 2020, and it waited two years before even expanding beyond Norway and the Netherlands. Tesla's growth at the start of this decade was equally staggering, but from the US there has been no follow-up act. Faraday Future was a failure, Slate Auto is fun but niche. Cash-hemorrhaging Lucid and Rivian are yet to touch foreign shores, and meanwhile behind BYD the tide has just gone out, and a tsunami is about to hit.
Yahoo
27-05-2025
- Automotive
- Yahoo
Should you buy a dip in BYD shares? JPMorgan weighs in
-- In a note Tuesday, JPMorgan analysts assessed the recent 9% drop in BYD (SZ:002594) shares, pointing to concerns about a deepening price war in China's auto market. 'BYD's share price pulled back by near 9% today... which triggers investor concern of worsening pricing environment,' JPMorgan wrote, referencing unanticipated price cuts across BYD's key 'Ocean' and 'Dynasty' model series. The company announced discounts of 15–30% versus MSRP for 21 models, though JPMorgan notes the effective new incentives are closer to 5–15%, given prior discounts. The bank explains that the cuts appear aimed at defending market share amid foreign competition and helping BYD hit its second-quarter delivery target of 1.2 million units. While aggressive pricing may raise concerns about profitability, JPMorgan remains optimistic. 'As long as BYD doesn't exceed its annual [sales and marketing] budget, the company should be able to deliver its full year profitability guidance of a sustained per unit profit of Rmb10k,' the firm said. Their current model already assumes a record 4.3% of revenue allocated to marketing, up from 3.6% in Q1. Looking ahead, JPMorgan believes BYD's strategy to mitigate domestic price pressure, via premium model launches and overseas expansion, should preserve earnings. 'Specially, exports or overseas market is expected to account for ~15% of BYD's total sales volume this year while premium brands (i.e. Yangwang, Denza and Fanchengbao) 8-10%. These two businesses would account for ~23-25% of total sales volume but 40-50% of earnings in our estimate,' they wrote. With strong in-store traffic and resilient demand observed on a May 24 store visit, JPMorgan sees no immediate need to revise earnings forecasts. Related articles Should you buy a dip in BYD shares? JPMorgan weighs in 25% tariff not enough to push Apple to reshore iPhone production - Morgan Stanley Next 300 points likely up for the S&P 500, says JPMorgan Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scottish Sun
26-05-2025
- Automotive
- Scottish Sun
Little-known car brand to release ‘AI-powered' super-saloon including smart cockpit' with conversational voice assistant
'This car is our dream – refined through countless iterations" A LITTLE-known car brand is preparing to launch an AI-powered luxury saloon to rival the mighty Porsche Taycan. Chinese EV manufacturer Xpeng has unveiled the latest iteration of its P7 sports saloon that they've branded "more than a car'. Advertisement 4 Xpeng unveils its next-gen P7 sports saloon, showcasing cutting-edge AI tech to rival the Porsche Taycan Credit: XPENG 4 The Chinese EV brand reveals a sleek, AI-driven electric saloon Credit: XPENG 4 They say their flagship P7 aims to stand out in the crowded EV market Credit: XPENG 4 It combines style, performance, and AI-driven mobility to promise a new era of electric luxury Credit: XPENG Said to be Xpeng's answer to "the AI [artificial intelligence] era in form and function', the company has identified itself as an "AI-driven mobility company'. Indeed, they're positioning the new flagship P7 as a showcase for how AI can redefine the luxury car experience. Details at this stage are scarce, but the previous P7 was described as "the world's first AI-defined vehicle' and included highly advanced autonomous driving functions, as well as a 'smart cockpit' that included a Knight Rider-style voice assistant. The next-gen model is expected to build on this, as well as introduce even more advanced capabilities. Advertisement Their ultimate aim is to stand out in China's increasingly crowded luxury saloon market - with the likes of the Avatr 12, Nio ET9 and Luxeed S7 all hoping to be big sellers. Regarding the upcoming P7's new styling, Xpeng's Exterior Design Director Rafik Ferrag told Autocar: "With this new generation, we set out to design a pure-electric sports sedan that could amaze at every angle. 'This car is our dream – refined through countless iterations. 'In my eyes, the all-new Xpeng P7 is a work of art, shaped with emotion and purpose.' Advertisement It's currently unknown if the P7 will be sold outside of China - with more details to follow. For now, the Porsche Taycan remains the industry leader when it comes to luxury, performance all-electric saloons. Inside Taycan Turbo GT Porsche that can hit 200mph as SunSport's Isabelle Barker is taken for a spin by Formula E safety car driver While sales have dipped in recent times, the Taycan remains a highly sought-after electric sports car ahead of the likes of the Lucid Air, Tesla Model S, BMW i4, and Audi e-tron GT. One other Chinese brand that's got Porsche in its sights is Denza - headed by motoring giant BYD. Advertisement The ever-expanding car brand is one of the largest private companies in China and has already started to make waves globally - including in the UK. But for those seeking something with more speed and luxury, their sister brand Denza and their first car in its line-up – the stunning Z9 GT - might appeal. Clearly borrowing design cues from the Taycan and Panamera, the grand tourer - with its shooting brake estate styling - was unveiled at the recent Milan Design Week ahead of its European market release later this year.
