We’ve been buying ‘Made-In-China’ products for a long time but that’s just because most of those products had a familiar name and face. Even the iPhone is ‘designed in Cupertino’ and made in China. Around ten years ago, James May and Jeremy Clarkson travelled to China on Top Gear to find out what the fuss was all about but things have changed dramatically since then: China is a lot more powerful and wealthier than it was back then and their cars are getting better.
XPeng and NIO, for example, have been selling EVs like hot cakes and have big plans for Europe. Last year, XPeng delivered 16,000 units, which doesn’t sound like a lot but that’s +181% on 2020. This type is growth is usually unsustainable in the long run in terms of percentage, but if they sold 16,000 units in 2021, they’re definitely going to sell at least 16,000+1 in 2022. And look at it, wouldn’t you call it a pretty car? I would.
NIO had a similar trajectory in 2021, with 10,489 deliveries. These numbers, for the most part, only refer to China but sooner or later they’re going to be available in Europe as well. Maybe not in the U.S., though.
This is gonna happen, in my opinion, for two reasons: 1, consumers are becoming brand agnostic, the brand and the badge used to matter a lot more than they do now and 2, with electric cars, the way we look at reliability when buying a car will change a lot. It already has. There are fewer moving components and the crucial bits are the battery pack and the powertrain, and Chinese manufacturers began developing those before most European and American brands did. With exceptions.
I just want to make it plain that this is not something I want or don’t want, it’s just what it think will happen based on the current state of the market. What do you think?
I’ve crossposted this article on my Drivetribe account and Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free
_flabbergasted LF is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you.
Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D
Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6
Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku
Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13
Get a discount on Undone Watches
Get a discount on your first Glovo order
Get free crypto when you make your first deposit on BlockFi
Get free BTC for your first deposit on Coinbase or Binance
Get free diamonds use my CoinmarketCap code
_Flabbergasted LF 